ATLANTA, Jan. 7, 2015 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (Pinksheets: AXLX), operating in the rapidly growing Mobile Payments and International Remittance markets, today announces that, following a period of strategic review and business restructuring, it has recently launched a Cloud based 'Member-to-Member' payments service for both consumers and merchants in the United States that provides a mobile device alternative to traditional banking services for those who have so far chosen not to operate a regular bank account. Read more and sign up at www.axiocashgenie.com.
The Genie Cash product suite is offered in conjunction with AllCom, Inc., a veteran of the telecoms and payment processing industry that has developed the solution over many years using patent pending technology and procedures.
The service allows all merchants and small businesses, from online stores to local service providers and eateries, to grow their business and make it easier for customers to pay them. Using Genie Cash, businesses can attract new customers that otherwise could not buy from them using the 'buy online but pay in cash locally' feature; Genie Cash also allow patrons to 'Pay by Text' if they wish, without having to disclose their card details. Genie Cash also delivers a more cost effective solution for these businesses over traditional options by taking in customer payments at less cost than traditional processing fees and subsequently paying their vendors instantly by check with a simple email. No more expensive ACH or wire fees.
Vincent Browne, Chairman and Chief Executive of Axiologix, Inc., commented. "We are obviously pleased to announce some positive developments in the business following a longer than expected period of refocus and reorganization last year. With the launch of the Genie Cash product suite we have taken the first steps in becoming exclusively financial services focused which should allow the markets to better understand our operations, our markets and our positioning going forward. Following a relatively quiet period and following questions received from shareholders, we have posted a shareholder update letter on our website at www.axiocashgenie.com/investors to update on the Company's progress on various topics. Whereas not all aspects of our restructuring have been finalized at this point, we have now received the necessary commitments from key participants to allow us to move forward with some optimism."
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About Axiologix, Inc.
Axiologix, Inc. (OTC Pinks: AXLX) based in Atlanta, Georgia, USA operates in the rapidly growing Mobile Payments and International Remittance markets. Our key focus is on un-banked and under-banked communities both in the United States and around the World. Together with our innovative strategic partners we provide disruptive 'Cloud' banking services such as 'member-to-member' payments and merchant services using cell phones and the Internet, along with linked debit cards for convenience and international mobile money remittance transfers at a keystroke. Our users have long sought to use more convenient, more inclusive and ultimately more affordable banking services that are currently unavailable to them from regular banking channels. 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 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.