Launches a New Model for Transforming Underutilized, High-Potential Assets Into High-Value Businesses
RIVERSIDE, CA -- (Marketwire) -- 06/29/09 -- 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.
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