Axiologix Guidance For 2nd Fiscal Quarter Ended November 2012 -
Revenues Up 22%
BEDMINSTER, N.J., Jan. 8, 2013 /PRNewswire/ -- Axiologix, Inc.
(www.axiologix.net), (AXLX.PK) an International Technology and
Services Organization focused on delivering 'Cloud' Products and
Services today provides guidance on financial results for its 2nd
quarter ending November 30, 2012.
The Company expects to report revenues of $252k for the quarter ending November 30, 2012, up 22% from the previous
quarter, bringing revenues for the first six months to $460k. This is against zero revenues for the same
periods of last fiscal year. Gross margins are set to stay at 95%
and cash operating profits before non-cash operating items are
expected to be positive for the quarter.
As at December 31, 2012 the total
issued and outstanding common shares were 1.2 billion and the free
float was 359 million as at the same date.
The Company intends to file its full report for the quarter and
six months ended November 30, 2012
through the OTC Markets Disclosure and News Service on or before
January 18, 2013 that will provide
further details on the quarter and year-to-date performance.
Vincent Browne, Chairman and
Chief Executive of Axiologix, Inc., said, "In addition to
growing the business both organically and by future acquisition, we
also strive to provide present and potential shareholders in the
company greater transparency to our progress as and when
appropriate opportunities arise. We have received some requests for
the above data and so felt it appropriate to issue some guidance
and updates at this time. We are currently working on improved
social media interactions that we plan to have available shortly
that should also improve communications 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.
SOURCE Axiologix, Inc.