SCOTTSDALE, Ariz., May 17, 2013 /PRNewswire/ -- Axxess Unlimited, Inc. (OTC: AXXU) today announced the availability of their first quarter 2013 financial results for the period ending March 31, 2013. All amounts are presented in US Dollars.
The consolidated financial results available today include the accounts of Axxess Unlimited, LLC, and its wholly-owned subsidiaries, Axxess Digital and Axxess Apps.
Total revenues for the three-month period ended March 31, 2013 are up 279% to $245,710 compared to $64,768 for the same quarter last year. Gross Profits grew 19% quarter-over-quarter. Gross Profits for the first quarter 2013 were $158,570 compared to $133,089 for the previous quarter ending December 31, 2012. The company reduced operating expenses 13.7%. Operating Expenses for the first quarter 2013 were $239,089 compared to $277,026 for the previous quarter ending December 31, 2012.
Axxess Unlimited posted an Operating Net loss of $80,518 or a loss of $0.0016 per share for this quarter, versus a loss of $143,937 or a loss of $0.0029 per share for the previous quarter.
In the first quarter, the company saw a number of key developments, the most important of which were the signing of the definitive agreement with Azia Corporation; the successful completion of the audit by DBBMcKennon; and the signing of a Letter of Intent to acquire TDG Brands, Inc.
The company also announced a two-year renewal contract, valued at $1,680,000, with Safe Harbor and a three-year profit sharing contract with Michelle Cosmetics' new retail line of premium skincare products called "MCMichelle."
Axxess Unlimited, Inc.'s first quarter results ending March 31, 2013 are available on www.otcmarkets.com
About Axxess Unlimited, Inc.
Headquartered in Scottsdale, Arizona, with affiliated offices globally, Axxess Unlimited, Inc. is the holding company for the Axxess family of companies, which includes both vertically integrated operating businesses and horizontally integrated companies with each supported by a common software technology – the Axxess RISE Platform.
As a next generation business intelligence company, Axxess Unlimited, Inc. has continued to grow to provide actionable, next-generation business intelligence for a wide range of businesses and organizations. Leveraging technology to build brands, the Company provides information-driven business solutions through interactive marketing, interactive technologies, application and product development, customer relationship management, business intelligence, portals and collaboration, and infrastructure solutions. For more information, please visit www.axxessunlimited.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause actual performance to be materially different from what is projected and planned. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the risk that anticipated transactions will not close, as the parties are under no legal obligation to close certain of these transactions, the risk that past performance will not accurately indicate future results, and the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic public disclosures filed with OTC Market Groups, Inc. and available online at www.otcmarkets.com.
SOURCE Axxess Unlimited, Inc.