Axiologix, Inc. Sees Assets Nearly Double In Past Nine Months: Pending Acquisition To Bring Annual Revenues Past $6 Million With Positive Earnings.
SARASOTA, Fla., April 25, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (AXLX.PK), an International Technology and Services Organization focused on delivering 'Cloud' Products and Services, announces that Total Assets have grown from $815,446 in May of 2012 to $1,386,497 as reported in its recent filings for the three and nine months ending February 28, 2013. In the same period the Company reported revenues of over $710,654 compared with no revenues for the previous period last year. Management expects this level of growth to continue both organically and with expected completion of the pending and other targeted acquisitions. Full details can be found at www.otcmarkets.com/stock/AXLX/quote
Additionally, the Company is now in the final stages of due diligence and discussions with suitable funding partners to complete the acquisition of a leading California based provider of IP voice, data and managed services. This acquisition, once complete, is expected to bring immediate gross revenues of over $5 million and positive earnings to the Company along with a state-of-the-art IP telecoms network.
Dennis Mitrano, President of Telecom Operations of Axiologix, Inc. said, "We are growing this Company quickly and foresee such growth accelerating into next year and beyond with the activities we have underway in the business right now. I also believe that we are getting very close to announcing further details and progress on our pending acquisition early next month."
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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
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.