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  • The Avante Argus app provides peace of mind for Avante’s Executive Clients with instant connectivity to the Avante Crisis Centre with real-time location tracking, enabling immediate emergency and medical response capabilities.

TORONTO, September 28, 2023

Avante Corp Inc. (TSX.V: XX; OTC: ALXXF) (“Avante” or the “Company”), a provider of high-end security services and solutions, is proud to introduce its latest innovation: the Avante Argus app. This groundbreaking mobile application offers a lifeline to corporate clients worldwide, instantly connecting them to the Avante Crisis Centre, a hub of global expertise, and resources for immediate assistance in times of crisis.

The Avante Argus app will be exclusively available to Avante’s Executive Accounts, offering them a distinct advantage in terms of safety and security in their global operations. Argus is designed to provide unparalleled security and support for Avante clients locally and for Avante Black clients internationally. In addition, Avante also aims to provide the app to its newly acquired subsidiary North Star Support Group (“NSSG”), ensuring the safety and well-being for its Fortune 500 clients, no matter where they are in the world.

The Avante Argus app provides clients with instant connectivity and real-time location tracking. With a simple push of a button, clients are connected to the Avante Crisis Centre, where dedicated professionals are ready to assist 24/7. The app also automatically shares the user’s precise location with the Avante Crisis Centre, allowing for immediate response and assistance. Furthermore, clients can be tracked in real time in the event of an emergency.

Avante’s CEO, Emmanuel Mounouchos, commented on the launch, saying, “We understand the importance of security and peace of mind, especially for our valued clients. The Avante Argus app is a testament to our commitment to combining new and innovative technology with Avante’s qualified Operatives that are both innovative and reliable. We are dedicated to delivering world-class services and support, no matter where our clients are around the globe.”

Features of the Avante Argus app include:

  1. Global Medical Assistance or Evacuation: Clients can request and receive emergency medical support, including access to trusted medical professionals and guidance on local in-country healthcare facilities. When necessary, the Avante Argus via the Avante Crisis Centre can initiate medical evacuations, ensuring clients receive prompt and professional care.
  2. Security and Consulate Help: In uncertain situations, the app provides a direct link to security experts and consular services to ensure clients’ safety and legal support.
  3. Bodyguard and Heads of Security Connectivity: Clients can quickly connect with their assigned bodyguards for added security and peace of mind. Avante Argus will also automatically inform heads of security or HR of an employee’s request for assistance.

Argus is available for download on the Apple App Store and the Google Play Store.

For more information about the Avante Argus app and Avante’s comprehensive security solutions, please visit www.avantesecurity.com.

As part of the transaction, Avante will enter into a shareholder’s agreement with respect to NSSG and a loan agreement with NSSG. Pursuant to the shareholders agreement, the management of NSSG will maintain day-to-day control of the business and Avante will, among other things, appoint Manny Mounouchos to the board of directors of NSSG for an initialterm of 4 years. Pursuant to the loan agreement, Avante will, indirectly through the Purchaser, advance to NSSG a loan in principal amount of up to EUR 1 million for a term of 4 years, bearing interest at a rate equal to the Bank of Canada Prime Rate plus 1%, and repayable in 8 quarterly equal repayments starting on the date that is 24 months after the date of each drawdown under the loan. At closing, EUR 500,000 of the loan is expected to be advanced. 

Avante is recognized locally in Canada for its established and diversified business lines and its innovation across various service sectors, including its quickly growing Corporate Security division Avante Black. With this strategic investment, Avante aims to capitalize on NSSG’s strong international client portfolio as opportunities to cross sell its service and technology capabilities to NSSG’s Fortune 500 clients.

Established in 2017, NSSG has established its reputation globally, with a special focus on the MENA region, for its cutting-edge risk management and security solutions, bespoke advisory and support services, as well as its unwavering dedication to corporate security customer satisfaction. Through this partnership with Avante, NSSG anticipates accelerated growth and the ability to provide its clients with an even broaderspectrum ofsecurity service verticals, utilizing Avante’s innovative technology and world-class Command and Control Centre. 

Key highlights of this acquisition include: 

  1. Synergy in Services: Clients of Avante and NSSG will benefit from a wider array of risk management and security services, ranging from traditional manned security to modern technology-driven solutions to a broad range of corporate security platforms.
  2. Global Expansion: Both companies will leverage their respective global networks to offer seamless risk management and security solutions to corporate clients on a larger international scale.
  3. Innovation and Expertise: The collaboration will harness synergies from each parties’ expertise in innovation and technology to remain at the forefront of the security industry.
  4. Operational Efficiency: The partnership will enhance operational efficiency, ensuring the continued delivery of exceptional risk management and security services.

Manny Mounouchos, CEO of Avante, expressed enthusiasm about this strategic move, stating, “This acquisition aligns with our corporate strategy of diversification and accelerated growth outside of our core Toronto market. We are excited to join forces with NSSG and believe that this collaboration will unlock new opportunities for both companies. This strategic acquisition will pave the way for several of our technology platforms to be quickly adopted globally by NSSG’s existing clients.” 

Alessandro Martello, CEO of NSSG, added, “We are proud to have Avante as a strategic partner. Our shared values, vision and passion for quality and innovation in risk management will turn this partnership into a real success. For NSSG it is a significant milestone, as we look to expand our global corporate security offering. Avante’s core client base will benefit from many of our bespoke services, cutting-edge applications, creativity, and ethical approach to this challenging business. Our international corporate clients will also gain from this partnership, as we will leverage Avante’s Control Centre and integrate the surveillance platform in our activity.” 

Both Avante and NSSG are committed to ensuring a seamless transition, prioritizing the needs and expectations of their clients during this integration phase. Clients and partners can expect uninterrupted support and a continued commitment to the highest level of service quality.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

About Avante Corp

Avante Corp Inc. (TSXV: XX) is a Toronto based provider of high-end security services. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Please visit our website at www.avantecorp.ca and consider joining our investor email list.

Emmanuel Mounouchos
Founder, CEO & Board Chair, Avante Corp Inc.
(416) 923-6984
manny@avantesecurity.com

Forward-Looking Information 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including, but not limited to, the risk factors discussed in the filing statement of the Company which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Investors are cautioned that forward-looking statements are not based on historical  facts, but instead reflect the Company’s and NSSG’s expectations, estimates or  projections concerning future results or events based on the opinions, assumptions  and estimates of management considered reasonable at the date the statements are  made. Although the Company and NSSG believe that the expectations reflected in  such forward-looking statements are reasonable, such statements involve risks and  uncertainties, and undue reliance should not be placed thereon, as unknown or  unpredictable factors could have material adverse effects on future results,  performance or achievements of the Company and NSSG. Financial outlooks, as with  forward-looking information generally, are, without limitation, based on the  assumptions and subject to various risks as set out herein. 

Among the key factors that could cause actual results to differ materially from those  projected in the forward-looking statements are the following: the parties’ ability to  consummate the Acquisition; the ability of the parties to satisfy, in a timely manner,  all other conditions to the closing of the Acquisition; the potential impact of the  announcement or consummation of the Acquisition on relationships, including with  regulatory bodies, stock exchanges, service providers, employees and competitors;  the diversion of management time on the Acquisition; assumptions concerning the  Acquisition and the operations and expansion plans following completion of the  Acquisition; credit, liquidity and additional financing risks; stock market volatility;  changes in the business activities, focus and plans of the Company and NSSG and the  timing associated therewith; changes in general economic, business and political 

conditions, including challenging global financial conditions; competition risks;  potential conflicts of interest; changes in applicable laws and regulations both locally  and in foreign jurisdictions; compliance with government regulation; the risks and  uncertainties associated with foreign markets; and the other risk factors more fully  described under the heading “Risk Factors” in the each of Company’s most recent  annual information form and management’s discussion and analysis, each of which is  available on the Company’s SEDAR+ profile at www.sedarplus.com. 

Should one or more of these risks or uncertainties materialize, or should assumptions  underlying the forward-looking statements prove incorrect, actual results may vary  materially from those described herein as intended, planned, anticipated, believed,  estimated or expected. Although the Company and NSSG have attempted to identify  important risks, uncertainties and factors which could cause actual results to differ  materially, there may be others that cause results not to be as anticipated, estimated  or intended and such changes could be material. The Company and NSSG do not  intend, and do not assume any obligation, to update the forward-looking statements  except as otherwise required by applicable law.