BURLINGTON, ONTARIO – (Marketwire – Oct 30, 2013) – Astrix Networks Inc., operating under the trade name Memex Automation, is pleased to announce that it has completed the previously announced reverse take-over of GPS Investment Corp. The resulting issuer has assumed the legal name of Astrix Networks Inc. and the business of Astrix Networks Inc. will continue to operate under the trade name Memex Automation. Upon receipt of final acceptance of the reverse take-over by the TSX Venture Exchange, the common shares of the post-reverse take-over Astrix Networks Inc. will commence trading on the TSX Venture Exchange under the trading symbol “OEE”.
The reverse take-over is intended to serve as the “Qualifying Transaction” of GPS Investment Corp. pursuant to Policy 2.4 of the TSX Venture Exchange and is subject to acceptance by the TSX Venture Exchange. Final acceptance by the TSX Venture Exchange is subject to Astrix Networks Inc. fulfilling all of the requirements of the TSX Venture Exchange. It is currently expected that the TSX Venture Exchange will issue a Final Exchange Bulletin giving its final acceptance of this transaction in the next two or three business days, provided that all required documentation is filed with the TSX Venture Exchange. Upon the issuance of the Final Exchange Bulletin, the common shares of the post-reverse take-over AstrixNetworks Inc. will commence trading on the TSX Venture Exchange under the trading symbol “OEE”.
Memex Automation is the leader in real-time shop-floor-to-top-floor technology solutions. Memex’s flagship product MERLIN delivers Overall Equipment Effectiveness (OEE) metrics in real-time, enabling manufacturers to enhance production and increase income and profits from operations. MERLIN has earned the 2013 North American Frost & Sullivan Award for Technology Innovation Leadership. Since 1992, Memex has partnered with 280 dealers worldwide to provide a variety of manufacturing connectivity products and services to over 12,000 customers globally.
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