Avante Logixx Inc. announced that it has entered into agreements with its larger shareholder, being certain subsidiaries of Fairfax Financial Holdings Limited and Emmanuel Mounouchos, the founder and a significant shareholder of the Company, in connection with which certain changes to the board of directors of the Company have been implemented. Pursuant to the Transition Agreements, each of Leland Verner, Emmanuel Mounouchos, Robert Klopot and Wes Hall have been appointed to the Board and the incumbent directors have stepped down to facilitate such appointments. The Company would like to extend its due to Craig Campbell, Sam Duboc, Joseph Leeder, Stewart Lyons, Carol Osler, Jean-Pierre Taillon and Andrea Fiederer for their loyal service as directors of Avante and recognizes the excellent work they did positioning the Company for success in the future.

The company appointed Leland Verner, Emmanuel Mounouchos, Robert Klopot and Wes Hall to the board. Mr. Verner is currently and has been president of Illyria Inc., an independent strategic and financial advisory firm based in Toronto since 1982. For over 35 years Emmanuel (Manny) Mounouchos has been a key figure in the Canadian security industry.

He is the former owner of Sissano Holdings, a shipping company based in Cyprus. He was the sole owner of the Toronto Patriots Junior A Hockey team (2015-2019), which ranked sixth in Canada. During his ownership, sixteen team members received scholarships from various universities in Canada and the US.

Manny has been involved as an advisor and board member in diverse businesses in a variety of fields, including neuro-medicine technology, predictive analytic technology, personal location tracking, and ELD fleet tracking. Mr. Klopot is currently and has been the president and CEO of The Forest Hill Group In addition, Mr. Klopot has been involved in the founding and sale of numerous service based businesses, including Quintessentially Canada, DECK Agency Inc. and Every Last Detail FCP. Robert is a founding member of the Hospital for Sick Kids Innovators program and previously served on its advisory board from 2017-2019.

Wes Hall is an established innovator, entrepreneur, and philanthropist. As Executive Chairman and Founder of Kingsdale Advisors, From the University of Ottawa, Wes is the recipient of an honorary doctorate (2021) and from the University of the West Indies Wes has received an honorary doctorate (2017) as well as the Vice Chancellor's Award (2015).