ATLANTA, April 29, 2014 /PRNewswire/ -- Axiologix, Inc. (OTC Pink: AXLX) announced today that it has hired Belmont Acquisitions Corp., specifically Mark Gilbert, Managing Director to manage its investor relations program.
Axiologix, which currently produces $12 million in annual revenues, has taken some major steps recently to enhance long-term shareholder value. These include: the recently announced pending acquisition of iTeknik Holding Corporation which will effectively double the Company's annual revenue to $24 million when completed; the restructuring of its capitalization table in anticipation of raising capital for growth and additional acquisitions; and the completion of audits for May 31, 2013 and 2012 that will now allow the Company to file a Form 10 with the SEC to become fully reporting once again.
The Company has chosen Mark Gilbert of Belmont Acquisitions to manage its Investor Relations program. Mr. Gilbert's bio is attached to this press release.
Vincent Browne, Axiologix Inc.'s CEO, said, "It was time to take the necessary steps to bring professionals to our investor relations efforts. The board believes that the Axiologix growth story is both compelling and unheralded to the investor community and we believe that Mark and his team at Belmont can assist us in getting our value proposition out into the marketplace more effectively. The appointment is for a minimum of one year and Belmont is being compensated in restricted stock that aligns their income directly with the performance of the common stock."
Mark Gilbert stated, "With its acquisition of iWorld Services last November, the Company now produces a solid revenue stream from high growth emerging markets. Upon completion of its announced roll-up strategy in the Mobile and Enterprises VOIP space, and its targeted new Business Segment, of Money Transfer, this Company is set to produce annualized EBITDA in excess of $1.5m over the course of the next 15 months."
Mr. Gilbert continued, "The market currently gives a value of 6 to 8 times revenues for small/mid-cap companies in the VOIP space, and while there will be a lot of work to get us to that metric, I have found that their management team is committed 'to do what it takes' and that's why we agreed to this assignment."
Over the next few weeks investors will see the launch of a redesigned, more user friendly investor relations section of the Company website and the announcements of additional resources and relationships which will be used to introduce additional individual and institutional investors to the Company's value proposition.
About Axiologix, Inc.:
Axiologix, Inc. (OTC Pinks: AXLX), based in Atlanta, Georgia, USA, is a public holding company, whose subsidiaries operate in the rapidly growing International Cloud Communications (VOIP) and high margin Mobile Payments/International Remittances markets. The Company's global products utilize proprietary technologies and sales channels to serve consumer and enterprise markets in the U.S. as well as high growth emerging regions of North Africa and Middle East. The Company's management builds shareholder value through both organic growth in its focused marketing channels as well as scaling through targeted "roll up" acquisitions in consolidating markets. These subsidiaries benefit from access to financial markets for operational and growth capital and the Company's experienced management team provides operational support to streamline expenses, which creates a sustained competitive advantage while building a market leader. For more information please visit our websites at www.axiologix.net, www.axiocomm.net, www.primecarrier.com and iworldservices.com.
About Belmont Acquisitions:
Belmont Acquisitions is a national, independent advisory firm. We provide a broad range of investment banking, and corporate consulting services to small and medium sized businesses across the U.S. and internationally. Our firm is closely held and headquartered in Phoenix, Arizona with a presence in California, Texas, and Indiana. Our mission is to make advisory services available to smaller companies, helping to level the playing field. For more information please visit our website at: www.belmontacquisitions.com
About Mark Gilbert:
Belmont Acquisitions-Managing Director - Investor Relations
Mark Gilbert has over 23 years of direct experience as an Investor Relations Professional. In addition, to creating and managing intense and comprehensive Investor Relations campaigns and programs Mr. Gilbert specializes in working with institutional investors for small cap, Micro-Cap and Nano-Cap stocks as well as the totality of the market including Mega-Caps, Large Caps and Mid-Caps, too. Mr. Gilbert's experience with institutional investors allows him to target specific broker dealers and funds whose investment criteria most closely align with Belmont's clients. By capitalizing on those relationships Mr. Gilbert can more quickly interest these institutions in Belmont's clients which helps to stabilize the price fluctuations that are a byproduct of the liquidity that creates the value in public companies through the increase in institutional market capitalization each and every time. Mr. Gilbert has effectively worked in 14 different industries and his clients have typically commanded the high end of the P/E spectrum in their respective market segments, though Mr. Gilbert enjoys a value play enormously. Through his relationships Mr. Gilbert has the ability to introduce his clients to portfolio managers, (with equal ease), over the phone as a new investment idea, in one-on-one meetings, or in conferences held periodically throughout the U.S. and therefore has also raised just under $85 million for small cap stocks, alone.
Forward Looking Statement Disclaimer:
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.