BEDMINSTER, N.J., Jan. 8, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net), (AXLX.PK) an International Technology and Services Organization focused on delivering 'Cloud' Products and Services today provides guidance on financial results for its 2nd quarter ending November 30, 2012.
The Company expects to report revenues of $252k for the quarter ending November 30, 2012, up 22% from the previous quarter, bringing revenues for the first six months to $460k. This is against zero revenues for the same periods of last fiscal year. Gross margins are set to stay at 95% and cash operating profits before non-cash operating items are expected to be positive for the quarter.
As at December 31, 2012 the total issued and outstanding common shares were 1.2 billion and the free float was 359 million as at the same date.
The Company intends to file its full report for the quarter and six months ended November 30, 2012 through the OTC Markets Disclosure and News Service on or before January 18, 2013 that will provide further details on the quarter and year-to-date performance.
Vincent Browne, Chairman and Chief Executive of Axiologix, Inc., said, "In addition to growing the business both organically and by future acquisition, we also strive to provide present and potential shareholders in the company greater transparency to our progress as and when appropriate opportunities arise. We have received some requests for the above data and so felt it appropriate to issue some guidance and updates at this time. We are currently working on improved social media interactions that we plan to have available shortly that should also improve communications going forward."
About Axiologix, Inc.
Axiologix, Inc. is an International Technology and Services Organization focused on delivering Cloud-based Products and Services to small and medium sized businesses primarily in the United States and to operators globally. Axiologix is headquartered in New Jersey, with international operations in Dublin, Ireland. Additional information may be found at www.axiologix.net
This press release contains forward-looking statements. Words such as "expects", "intends", "believes", and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission and the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE Axiologix, Inc.