AVANTE ANNOUNCES FIRST QUARTER FISCAL 2027 RESULTS: ACHIEVES REVENUE OF $10 MILLION WITH 128% INCREASE IN ADJUSTED EBITDA

* Avante achieved 14.4% year-over-year revenue growth in the first quarter of fiscal 2027, reaching $10.0 million, and Adjusted EBITDA of $0.8 million, an increase of 127.9% as compared to the prior fiscal year's first quarter. The Company’s growth was driven by its Protective Services division, which experienced an increase of 16.7% in revenue compared to the same period in the previous year and its Electronic Security division, which reported an increase of 34.1%. * The Company generated positive cash flow from operating activities of $1.2 million during the quarter, ending the period with a strong balance sheet consisting of $6.8 million in cash, no debt and access to $12 million in unused credit facilities. * Subsequent to quarter end, Avante's majority-owned subsidiary NSSG launched TESEUM, an AI-powered intelligence platform for integrated and predictive risk management, further strengthening the Company's international growth platform. TORONTO, Ontario, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX) (OTC: ALXXF), a global provider of technology-enabled security solutions and services, (“Avante” or the “Company”) is pleased to announce its financial results for the first quarter of fiscal 2027, representing the three months ended June 30, 2026 (all amounts in Canadian dollars thousands, unless otherwise indicated).