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Actiga Announces New Corporate Direction and Business Model; Company Intends to Change Name to Avisio, Inc.

Mon. June 29, 2009; Posted: 08:31 AM
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RIVERSIDE, CA, Jun 29, 2009 (MARKETWIRE via COMTEX) -- AGAC | Quote | Chart | News | PowerRating -- Actiga Corporation (PINKSHEETS: AGAC | Quote | Chart | News | PowerRating) 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.

SOURCE: Actiga

 
For full details for AGAC click here.

    


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