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Averox Acquires a Hot Drone Company

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Averox (OTC: AVRI) announced the acquisition of Cali from Above on March 3, 2023. This private company specializes in drone dealership, pilot training, and drone inspection services for sectors like wind energy, solar power, and construction. The acquisition aims to transform Averox from a software-focused entity to a leader in the rapidly growing drone industry. Cali from Above is now a wholly-owned subsidiary, enhancing Averox's service offerings in drone accessories and forensic payloads.

Positive
  • Acquisition of Cali from Above enhances Averox's service offerings in the growing drone market.
  • Cali from Above's diverse services include drone inspections, pilot training, and selling drone accessories.
Negative
  • None.

LOS ANGELES, CA, March 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- On March 3, 2023, Averox (OTC: AVRI) purchased from Robert Goldstein, President of Averox, all interests in Cali from Above, a private company engaged in the drone dealership and rent-a-pilot business, also designing and selling drone accessories and forensic drone payloads. Services offered are Pilot training, drone inspection of wind turbines, solar panels, construction jobs, and many other purposes or missions. As a result, Cali from Above has become a wholly-owned subsidiary of Averox.

About Averox:

Previously, Averox had been primarily a software development company. Now Averox’s goal is to become a leader in important growth industries.

About Cali from Above:

CALI specializes in buying and selling drones, also affixing drone accessories and drone payloads. Also pilot training, drone inspection of wind turbines, solar panels, construction jobs, and many other purposes or missions.

Safe Harbor Act

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

CONTACT:

Averox (OTC: AVRI)
Email: Bob@averoxinc.com


FAQ

What did Averox acquire on March 3, 2023?

Averox acquired Cali from Above, a private company focused on drone dealership and related services.

How will the acquisition of Cali from Above impact Averox's business?

The acquisition enables Averox to diversify its business model and enter the drone industry, increasing its growth potential.

What services does Cali from Above provide?

Cali from Above offers drone sales, pilot training, and inspection services for wind turbines, solar panels, and construction.

What is the stock symbol for Averox?

The stock symbol for Averox is AVRI.

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