Axios Mobile Assets adds James Taylor to Board of Directors

VAUGHAN, Ontario, June 4, 2012 /PRNewswire/ -- Axios Mobile Assets Corporation (CNSX: AXA) today announced the appointment of James E. (Jim) Taylor to its Board of Directors.  Taylor currently serves as CEO and vice chairman at AMP Electric Vehicles, an electric motor vehicle manufacturer.  Axios' board approved Taylor's appointment.

Taylor brings to Axios more than 30 years of experience in executive roles at General Motors, including global President of its Cadillac division and Vehicle Line Executive for the brand during its resurgence.  He is a highly qualified leader with significant understanding of the automotive sector and particularly the logistics channel.  In addition, his experience within the industry aligns well with Axios' strategy as a logistics solution for high-value goods and anti-counterfeiting within the supply chain.   

Taylor began his career as an industrial engineer and also held high-level operations positions within the supply chain management, logistics and purchasing groups at Saturn, Adam Opel of Germany, GM Europe and Worldwide Purchasing for GM.

In Taylor's most recent assignment as CEO and vice chairman at AMP, he has responsibility for overseeing all aspects of the company's sustainability effort and forging leading-edge technology for more sustainable solutions in vehicles.  This experience fits with the Axios strategy to provide an environmentally conscious solution to the logistics market, which allows for users to achieve higher returns through operational efficiencies such as monetization of carbon credits and a reduced lifecycle cost.

"We are pleased to welcome Jim to the Axios board," said Jon Gill, chairman.  "His business experience and acumen with premium brands in the automotive industry, together with his proven understanding of the logistics channels and sustainability experience with AMP will serve Axios well as we move forward in the next stage of our business growth."

Taylor joins other Axios board members effective immediately.

About Axios Mobile Assets

Axios Mobile Assets Corp. is a logistics enabler, featuring next generation, composite pallet technology, which can be bundled with its proprietary tracking and information system that helps improve the value chain in the logistics market.  The Axios bundled offering is gaining market acceptance based on its unique attributes: lower total cost, longer useful life, customized configurations and a revenue stream through carbon credit generation, monitoring and the monetizing of carbon emissions reductions.  Axios was incorporated under the Business Corporations Act (Ontario) and is a reporting issuer in the Province of Ontario. Axios is traded on the Canadian National Stock Exchange (CNSX) under the symbol AXA.

Further information concerning the Company can be found at www.axiosma.com, www.sedar.com and www.cnsx.ca.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Axios and the pallet management company are able to agree on the terms of a definitive supply agreement, and whether Axios is able to meet price, performance, quality and delivery requirements. Axios undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

SOURCE Axios Mobile Assets Corporation