SARASOTA, Fla., April 4, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (AXLX.PK), an International Technology and Services Organization focused on delivering 'Cloud' Products and Services, today announces that its Irish operating unit, Prime Carrier, has recently completed a three year contract extension with one of its longstanding customers in Europe.
Under the terms of the agreement, Prime Carrier will receive approximately $300,000 over three years paid quarterly. The customer, who cannot be named due to confidentiality provisions, has been a customer for over five years and this extension should bring the relationship forward another three years. The contract is in the normal course of business, is already active and is subject to standard contractual performance and termination provisions for such services.
Simon Pepper, General Manager of Prime Carrier, said, "We are clearly very pleased with this contract extension and our customer's vote of confidence in the business critical services we are currently delivering to their wholesale group through our market leading software. This agreement will allow us to continue to build on the strong relationship we have created over the past few years and we look forward to continuing that work with them for at least the next three years."
For further details of Prime Carrier's Cloud-base solutions supporting inter-carrier trading of International Voice traffic see www.primecarrier.com
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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
Prime Carrier is a registered business name of Axiologix Ltd., a subsidiary of Axiologix, Inc. For further details see www.axiologix.net/subsidiariesall.html
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.