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Release – Avivagen Announces Receipt of Repeat Order from Asian Customer

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Avivagen Announces Receipt of Repeat Order from Asian Customer

Research, News, and Market Data on Avivagen

Ottawa, ON /Business
Wire/ August 11, 2022 /
– Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) (“Avivagen”), a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that safely enhances feed intake and supports immune function, thereby supporting general health and performance, is pleased to announce that one of its most important customers in Asia has placed a new order for four tonnes of OxC-Beta Livestock to be used in Asia, in line with previous shipments fulfilled in 2021.

“It’s encouraging to see one of our largest customers in Asia continue to place sizeable orders – which we view as a sign that they remain on target for economic recovery at a time where uncertainty is playing out elsewhere and also confirms the value of our product in economically challenging times,” says Kym Anthony, Chief Executive Officer of Avivagen Inc. “We are excited for the year ahead as we continue to build on existing and new relationships both in Asia and markets worldwide.”

About Avivagen
Avivagen is a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that, by safely supporting immune function, promote general health and performance. It is a public corporation traded on the TSX Venture Exchange under the symbol VIV and is headquartered in Ottawa, Canada, based in partnership facilities of the National Research Council of Canada. For more information, visit www.avivagen.com. The contents of the website are expressly not incorporated by reference in this press release.

About OxC-beta™
Technology and OxC-beta™ Livestock

Avivagen’s OxC-beta™ technology is derived from Avivagen discoveries about ?-carotene and other carotenoids, compounds that give certain fruits and vegetables their bright colours. Through support of immune function the technology provides a non-antibiotic means of promoting health and growth. OxC-beta™ Livestock is a proprietary product shown to be an effective and economic alternative to the antibiotics commonly added to livestock feeds. The product is currently available for sale in the United States, Philippines, Mexico, Taiwan, New Zealand, Thailand, Brazil, Australia, Vietnam and Malaysia.

Avivagen’s OxC-beta™ Livestock product is safe, effective and could fulfill the global mandate to remove all in-feed antibiotics as growth promoters. Numerous international livestock trials with poultry and swine using OxC-beta™ Livestock have proven that the product performs as well as, and, sometimes, in some aspects, better than in-feed antibiotics.

Forward Looking
Statements

This news release includes certain forward-looking statements that are
based upon the current expectations of management. Forward-looking
statements involve risks and uncertainties associated with the business of
Avivagen Inc. and the environment in which the business operates. Any
statements contained herein that are not statements of historical facts may
be deemed to be forward-looking, including those identified by the
expressions “aim”, “anticipate”, “appear”, “believe”, “consider”, “could”,
“estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”, “may”,
“plan”, “possibly”, “potentially”, “pursue”, “seem”, “should”, “whether”,
“will”, “would” and similar expressions.

Statements set out in
this news release relating to Avivagen’s outlook, Avivagen’s expectation
that it will fulfill the order described above, the future growth and
prospects for Avivagen and the possibility for OxC-beta™ Livestock to
replace antibiotics in livestock feeds as growth promoters are
forward-looking statements. These forward-looking statements are subject to
a number of risks and uncertainties that could cause actual results or
events to differ materially from current expectations. For instance,
worldwide demand for products sold by Avivagen may drop, orders may be
cancelled, Avivagen’s products may not gain market acceptance or regulatory
approval in new jurisdictions or for new applications and may not be widely
accepted as a replacement for antibiotics as growth promoters in livestock
feeds due to many factors, many of which are outside of Avivagen’s control.
Readers are referred to the risk factors associated with the business of
Avivagen set out in Avivagen’s most recent management’s discussion and
analysis of financial condition available at www.SEDAR.com. Except as
required by law, Avivagen assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results
could differ from those reflected in the forward-looking statements.

Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.

For more information:
Avivagen Inc.
Drew Basek
Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Phone: 416-540-0733
E-mail: [email protected]

Kym Anthony
Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Head Office Phone: 613-949-8164
Website: www.avivagen.com
Copyright © 2022 Avivagen Inc. OxC-beta™ is a trademark of Avivagen Inc.

 


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