Axiologix, Inc. Enters Potential $10 Million Annual Revenue Joint Venture
SARASOTA, Fla., May 2, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (OTC: AXLX), an International Technology and Services Organization focused on delivering Cloud-based Products and Services, today announces a joint venture company, Axiocomm LLC, in equal partnership with ePath Communications, a Florida based company deploying municipal wireless broadband networks. The joint venture has a potential annual revenue stream of $10 million. 50% percent of revenues and profits will be booked to Axiologix, Inc.
The Joint Venture (JV), known as Axiocomm LLC, is leveraging ePath's deep relationship with a large national training institution, to market Axiocomm's Voice, Data and Cloud services, under license, to a proven database of over 2,000,000 key decision makers or key influencers in the purchase of such services for large and small businesses across the United States. Dennis Mitrano, Axiocomm's CEO, is the managing member of the JV and will manage day-to-day operations. Florida will be the first market addressed given its proximity and will grow state-by-state thereafter.
Axiocomm provides the telecom and cloud services offered by the JV using its existing network and systems. ePath will share equally in the net profits generated by the JV. Axiocomm expects to generate revenues of between $300 and $1,000 per month per customer based on initial analysis, with gross margins above 40%.
Joe Tortoretti, President and CEO of ePath Communications and also CEO of New Horizons Computer Learning Centers Gulfcoast Florida said, "I am very excited to finally get this project underway as I have been looking for the right partner with the right competitive and compelling services to address the needs expressed to me over the years by many of the people we are targeting. It also benefits the training organization as they receive a percentage of the JV revenues under the license agreement."
Dennis Mitrano, CEO of Axiocomm and President of Telecom Operations Axiologix, Inc., commented, "This is another significant event in our ongoing journey to build a nationwide, market leading provider of cloud services to businesses across the U.S. – just like those of the decision makers targeted with this relationship. We are able to serve these new customers on a national basis, providing our advanced services at competitive prices that save. Capturing less than 1% of the contact base over the next few years would give us nearly 20,000 customers generating about $10 million per year in revenues."
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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 Florida, with international operations in Dublin, Ireland. Additional information may be found at www.axiologix.net
About ePath Communications, Inc.
ePath Communications, headquartered in Tampa, FL, helps firms and government municipalities conquer the digital divide, encourage economic development and create a greater sense of community among residents and visitors through the use of wireless broadband technology. ePath is leading the charge in deploying wireless broadband networks. Additional information may be found at www.epathcommunications.com
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 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.