Actiga Announces New Corporate Direction and Business Model; Company Intends to Change Name to Avisio, Inc.
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RIVERSIDE, CA, Jun 29 (MARKET WIRE) --
Actiga Corporation (PINKSHEETS: AGAC) announced today that after a
comprehensive evaluation of its existing business model, the company has
adopted a new corporate direction and business model. Consistent with
this new direction, Actiga intends to begin the process of changing the
name of the company to Avisio, Inc. The name change is expected to become
effective in July.
Avisio's management team plans to leverage its business expertise to build
an Actively Managed Ventures Company, utilizing its new business model to
acquire underutilized, high-potential assets, such as patents and
commercial innovations. Avisio plans to create a new majority-owned
private subsidiary around each asset and to support each business with
experienced management teams, best-of-breed commercialization processes
and resources, and access to global capital sources. The strategy is to
rapidly transform the previously underutilized yet high-potential assets
into profitable companies and then exit those businesses via either a sale
or a public market listing within 36 months.
Avisio's initial plans will be to acquire and commercialize assets in the
life sciences, solar energy, agro technology, government and defense and
enterprise solutions.
For more information, please visit www.avisioinc.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 about Actiga
Corporation. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements, including, but not
limited to, creating a new business model and pursuing a new corporate
direction, are subject to risks and uncertainties. The following factors,
among others, could cause actual results to differ from those set forth in
the forward-looking statement: the ability of the company to successfully
launch a new business model and execute a new corporate direction; a delay
in the timing of the name change; general economic conditions;
geopolitical events and regulatory changes; requirements or changes
adversely affecting the businesses in which Actiga is engaged. Actiga
assumes no obligation to update the information in this press release.
Copyright 2009, Market Wire, All rights reserved.
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