Avante Logixx Announces Appointment of Stephen Rotz as Chief Financial Officer
January 20 2020 - 7:00AM
Avante Logixx Inc. (TSXV: XX) (“
Avante” or the
“
Company”) is pleased to announce the appointment
of Stephen Rotz as Avante’s Chief Financial Officer, effective
January 20, 2020.
Steve will be responsible for the finance
function at Avante Logixx Inc. and its subsidiaries, assessing
acquisition opportunities, integrating acquired businesses, and
analyzing the Company’s financial performance.
Mr. Rotz brings thirty years of progressive
experience as a financial executive in Toronto and London UK. Most
recently, he was the Chief Financial Officer at Knowledge First
Financial, an RESP dealer with assets under management of $6.4
billion in Canada and internationally. Prior roles include Vice
President of Business Development at Element Financial Corporation
and ECN Capital Corporation, Managing Director of Corporate
Development and Treasurer at DH Corporation (now Finastra),
and Executive Director of Corporate Banking at CIBC World Markets.
Mr. Rotz holds the designations of Chartered Accountant and
Chartered Financial Analyst and he earned his Bachelor of Commerce
degree at Queen’s University in Kingston, Ontario.
“As we continue to grow Avante into a world
leading technology enabled security solutions provider, it’s
important that we scale our leadership team to effectively support
our ambitious growth plans. Steve’s experience and strength in
corporate strategy, deal making, allocating capital, as well as
financial management and integration will have an immediate
positive impact as we capture opportunities available in our highly
fragmented and growing global industry,” said Craig Campbell, CEO
of Avante Logixx.
“I am excited to be joining the pioneering team
at Avante Logixx as it embarks on its next phase of expansion,”
said Steve Rotz. “I believe the potential for growth and value
creation is tremendous as Avante is uniquely positioned to
capitalize on the opportunities ahead in this fast-moving sector. I
look forward to working with Avante’s leadership team and employees
to help drive the company forward as industry and innovation
leaders.”
The Company also announces the grant of options
to Mr. Rotz to acquire a total 200,000 common shares of the Company
at an exercise price of $1.55 per share, such options expiring five
years from the date of grant.
The current Interim CFO, Francis Michaud, will
continue to serve as the Company’s Senior Vice President, Finance,
responsible for the day to day finance function and will report to
Mr. Rotz.
About Avante Logixx Inc.
Avante Logixx Inc. (TSXV: XX) is a Toronto
headquartered provider of technology enabled security solutions. 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.avantelogixx.com and consider joining our investor email
list.
Avante Logixx Inc.
Craig Campbell
CEO (416) 923-6984 craig@avantelogixx.com |
|
Forward-Looking Information
All statements in this press release, other than
statements of historical fact, may constitute “forward looking
information” with respect to Avante within the meaning of
applicable securities laws. Forward-looking information is often,
but not always, identified by the use of words such as “seek”,
“anticipate”, “plan”, “continue”, “planned”, “expect”, “project”,
“predict”, “potential”, “targeting”, “intends”, “believe”,
“potential”, and similar expressions, or describes a “goal”, or a
variation of such words and phrases or state that certain actions,
events or results “may”, “should”, “could”, “would”, “might” or
“will” be taken, occur or be achieved.
Forward-looking information is subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those
expressed or implied by the forward looking information, including,
without limitation, the Company maintaining its projected growth,
general economic conditions or conditions in the financial markets
and the risks identified in Avante’s Management Discussion &
Analysis, Annual Information Form and other continuous disclosure,
which list is not exhaustive of the factors that may affect any of
Avante’s forward-looking information. In connection with the
forward-looking statements contained in this and subsequent press
releases, Avante has made certain assumptions about its business
and the industry in which it operates and has also assumed that no
significant events occur outside of Avante’s normal course of
business. Although management believes that the assumptions
inherent in the forward-looking statements are reasonable as of the
date the statements are made, forward-looking statements are not
guarantees of future performance and, accordingly, undue reliance
should not be put on such statements due to the inherent
uncertainty therein. Avante’s forward-looking information is based
on the beliefs, expectations and opinions of management on the date
the statements are made, and Avante does not assume any obligation
to update forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
applicable law. For the reasons set forth above, readers should not
place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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