(via Thenewswire.ca)
VANCOUVER, BC / TNW-ACCESSWIRE / 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 ability 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.".
Paul Andreola
President
Brisio Innovations
Office: 604-200-1022
www.brisio.com
About the Company
Brisio Innovations is a diversified investment company focused on investing in high-potential return opportunities in both the private and public sector.
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Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding potential future investments by the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements.
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