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Avante Logixx (XX.V / ALXXF) has built its reputation as a preeminent security company by providing premium security services through the use of advanced technology and a focus on client service. Avante’s security business provides a complete suite of security services ranging from system design, sales, installations, and monitoring to services such as alarm response, patrols, personal protection and secure transportation. We were initially attracted to the company because of the significant growth in both revenues and earnings. The company has shown consistent revenue growth over the last three years and was able to grow sales by 43% in the last 12 months from $6.15 million to $8.82 million and earnings from a loss of $57,000 to a profit of just over $1.3 million giving evidence to the leverage within the business. Management and directors are well vested in the company and own approximately 45% of the 59 million shares issued and outstanding. Shares in Avante currently trade at a price earnings ratio of 15.8 times, significantly below the industry average of 29. The company has a solid balance sheet and has accumulated over $1.5 million in cash and has zero debt. We expect growth to continue both organically and now with a healthier balance sheet through accretive acquisitions.