Axiologix Revenues Continue to Grow as Company Seeks Re-Listing on OTC Bulletin Board

August 14th, 2012 - 08:00 am ET by Business Wire

Axiologix Inc. (www.axiologix.net), (AXLX.PK) an International Technology and Services Organization focused on delivering ‘Cloud’ Products and Services today announces that it has commenced the process to re-list ...

Axiologix Inc. (www.axiologix.net), (AXLX.PK) an International Technology and Services Organization focused on delivering ‘Cloud’ Products and Services today announces that it has commenced the process to re-list on the OTC Bulletin Board (OTCBB) as soon as possible.

Generally, companies listed on the OTCBB gain greater credibility and appeal to a wider investment community than those listed on Pink Sheets.

Re-listing on the OTCBB requires the Company to complete an audit for its year ended May 2012 and file the necessary forms with the Securities and Exchange Commission, which the Company expects to complete by the end of October 2012.

Vincent Browne, Chairman and Chief Executive of Axiologix Inc., said “The Company was listed on the Bulletin Board until October 2011 when it elected to deregister its stock to save costs. Since the acquisition of VOIP ACQ in January and Prime Carrier in March, the Company has seen its first revenues and positive EBITDA reported for the quarter and year ended May 2012. With revenues continuing to grow and other acquisitions planned we feel that the time is right to once again list on the OTCBB. We believe that being a fully reporting Company again, will enable Axiologix to address a wider investment community which should generate a better return for shareholders going forward.”

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 New Jersey, 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 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.

Contacts :

Axiologix Inc.
Investor Relations Contact:
Vincent Browne, 908-719-8920
vbrowne@axiologix.net


Source(s) : Axiologix, Inc.