(via Thenewswire.ca)
VANCOUVER, BRITISH COLUMBIA / TheNewswire / June 3, 2015 -- Brisio Innovations Inc. (CSE: BZI) (PINKSHEETS: NTCEF) (the "Company") is pleased to note that Lite Access Technologies, a world leader in fibre-optic deployment solutions, commenced trading Monday June 1st on the Canadian Securities Exchange under the symbol LTE, and has completed a concurrent private-placement financing of 7,388,000 common shares of the company at a price of 25 cents per share for gross proceeds of $1,847,000. The Company previously made an investment into Lite Access per news release date January 14th, 2015.
Lite Access is a world leader in microduct and fibre optic technologies. Lite Access's 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, and emergency response facilities. Providing a full portfolio of fibre connectivity solutions for many types of Telecom infrastructure, Lite Access has successfully deployed thousands of kilometres of microduct networks throughout North and South America, the United Kingdom, the Caribbean, Australia and Asia.
Lite Access' products have been deployed in many high profile communication networks including the Whistler 2010 Winter Olympic facilities, builds within the State of New York including Central Park, the Las Vegas strip and surrounding areas of Nevada, fibre to the home at Stanford University and numerous other locations around the globe that have adopted Lite Access as the "solution of choice" for future proof fibre optic connectivity.
CEO Paul Andreola states, "Lite Access is poised to make a significant impact on the emerging growth sector of fibre optic network deployment on a global basis. We believe that the investment into Lite Access is an ideal value-creation model for Brisio and we look forward to following the exciting developments of Lite Access in the weeks and months to come."
For additional information on Lite Access, please visit: http://www.cnsx.ca/CNSX/Securities/Technology/Lite-Access-Technologies-Inc.aspx
On behalf of the Board,
Paul Andreola
President, CEO and Director
For more information on Brisio, visit http://brisio.com/ , and find Brisio Innovations on the
CSE: http://www.cnsx.ca/CNSX/Securities/Diversified-Industries/Brisio-Innovations-Inc.aspx.
Facebook: https://www.facebook.com/brisio.innovations
Twitter: https://twitter.com/BrisioApps
LinkedIn: https://www.linkedin.com/company/3582550.
Brisio Innovations Inc.
Paul Andreola
President, CEO and Director
(604) 644-0072
www.brisio.com
Disclaimer for Forward-Looking Information
Certain statements in this press release related to Lite Access Technologies 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.
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