AVANTE LOGIXX INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT
AND GRANT OF OPTIONS

TSXV TRADING SYMBOL: XX

TORONTO, Dec. 8 /CNW/ - Avante Logixx Inc. (TSXV: XX) (the "Corporation") is pleased to announce that it has completed the second tranche of a non-brokered private placement of units, namely, the sale of 1,340,000 units ("Units") of the Corporation for gross proceeds of $335,000.  The Units were sold at a price of $0.25 per unit. Each Unit consists of one common share ("Common Share") and one warrant ("Warrant") of the Corporation. Each whole Warrant will entitle the holder to purchase one Common Share at a price of $0.40 during the first 24 months following closing. The securities issued in connection with the private placement will be subject to a four-month hold period under applicable securities laws. The Corporation has, after giving effect to the private placement, 55,908,843 issued and outstanding Common Shares. The proceeds are to be used for, among other things, to fund working capital, ongoing research and development activities and to fund current liabilities.  The Offering was made to "accredited investors" in the Province of Ontario.

The Corporation also announced that it granted options to acquire 192,500 common shares to directors of the Corporation on December 3, 2010 at an option price of $0.22 subject to the terms and conditions of a Stock Option Plan approved on September 30, 2010.  The options have a term of five years.  This grant has been made in accordance with the Corporation's director compensation plan which includes annual stock option grants.

About the Corporation

Avante manufactures and markets the innovative Smartboxx^TM which provides "anytime, anywhere" true two-way communication. The company is focused on the expanded commercialization of its energy management, security and automation interactive cellular based technology for applications in the utility, property management and telecommunications markets.  Customizable through a variety of plug-an-play modules, including Zigbee, the SmartBoxx^TM is a next-generation technology for information monitoring and control services.  Avante also provides premium executive security services using its innovative technologies.

The Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this release.

FORWARD LOOKING STATEMENTS

Certain statements in this release may constitute forward-looking statements.  Such forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of The Corporation to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

For further information:

Leland Verner, Chairman, [phone], [email protected]
George Rossolatos, Co-CEO, [phone], [email protected]