Axiologix Expects Full Year Revenues in Excess of $4 Million; Planned Acquisitions Expected to Deliver over 2000% Revenue Gro...
August 21 2012 - 10:00AM
Business Wire
Axiologix Inc. (www.axiologix.net), (AXLX.PK) an International
Technology and Services Organization focused on delivering ‘Cloud’
Products and Services today issues guidance on the expected
revenues and growth from existing operations and planned
acquisitions for the financial year ending May 31, 2013. Existing
operations are set to report $1 million for the full year with new
additions, subject to successful completion, slated to deliver over
$3 million in the current financial year resulting in a 2,000
percent revenue growth year to year.
The market for VoIP services in the U.S. continues to grow
rapidly, particularly on mobile devices. Infonetics Research
recently forecast the combined business and residential/SOHO VoIP
services market to grow to $74.5 billion in 2015. The Telecoms
Industry Association see the VoIP share of total U.S. residential
and business phones lines reaching 37% and 10% respectively by
2015.
Vincent Browne, Chairman and Chief Executive of Axiologix, said,
“It is important that the investment community better understand
the expected financial impact of our plans for the current year and
beyond. Therefore, we have elected to issue this guidance as an aid
to that process. The company is currently in discussions with a
number of exciting Cloud based companies operating in fast growth
markets that will be announced with further details once final
terms have been agreed shortly. Existing operations continue to
perform well providing a solid platform to build from for the
remainder of the year.”
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.
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