VANCOUVER, BC, January 14, 2015 – Brisio Innovations Inc. (CSE: BZI, OTC: NTCEF) (the “Company”) is pleased to announce it has completed an investment in Lite Access Technologies Inc (“Lite Access”).
The terms of the investment are as follows: The Company has subscribed for 333,333 units (each, a “Unit”),at a price of $0.15 per Unit, for a total purchase price of $50,000 (the “Purchase Price”), with each Unit being comprised of one common share (a “Share”) of Lite Access and one-half of one share purchase warrant (a “Warrant”), and with each whole Warrant entitling the holder to acquire one additional Share of Lite Access at a price of $0.30 per Share (a “Warrant Share”) at any time on or before the date that is one year from the date of issuance of the Warrant.
Lite Access Technologies is a privately held Canadian corporation, founded in 2003, and is a world leader in microduct and fibre-optic technologies. Lite Access’ proprietary microduct technology extends a Network Provider’s bility to deliver true broadband connectivity directly to end users, such as homes, government and educational institutions, emergency response facilities. Lite Access has successfully deployed thousands of kilometers of microduct networks throughout North and South America, the UK, the Caribbean and Asia.
States Paul Andreola, CEO of Brisio: “We are very excited to be partnering with Lite Access’ excellent management team and look forward to their continued performance in the growing fibre-optic deployment sector. Brisio’s strategy has always been to build a portfolio of high-value investments, and this marks our first investment in a company that is unrelated to the mobile app space. We intend to pursue additional investment opportunities for our shareholders in the near future.”
On behalf of the Board,
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Disclaimer for Forward-Looking Information
Certain statements in this press release related to the proposed Financing are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s ability to complete the Financing and the use of proceeds thereof. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.