SARASOTA, Fla., June 6, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (OTC Pink: AXLX), an International Technology and Services Organization focused on delivering Cloud-based Products and Services, today guides that revenues for the 4th fiscal quarter ending May 31, 2013 will be in excess of $250,000, an increase of 33% over the same period last year and up 4% on the previous quarter.
A comprehensive annual report will be filed with the OTC Markets Information Service on or before 90 days from May 31, 2013 in line with its reporting guidelines. The Company will announce interim results prior to this as relevant information becomes available. The Company intends to have the full year results audited as soon as possible on a path to relisting on the OTCQB at the earliest opportunity as a requirement of the funding process for pending acquisitions.
Vincent Browne, Chairman and Chief Executive of Axiologix, Inc., commented, "We are obviously pleased to announce that revenues for the last fiscal quarter show strong growth from our existing businesses. It is too early to comment on other financial results at this stage, but we wanted to keep shareholders updated on this key growth metric as soon as we had adequate guidance. We are also very close to executing a definitive agreement to acquire our next company in California that, if completed, will add over $5 million in accretive revenues and positive EBITDA to the Company. We are also at advanced discussions with a number of other acquisition targets to follow this one and will issue further updates on these in due course."
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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.