SARASOTA, Fla., June 6, 2013 /PRNewswire/ -- Axiologix, Inc.
(www.axiologix.net) (OTC Pink: AXLX), an International Technology
and Services Organization focused on delivering Cloud-based
Products and Services, today guides that revenues for the
4th fiscal quarter ending May 31,
2013 will be in excess of $250,000, an increase of 33% over the same period
last year and up 4% on the previous quarter.
A comprehensive annual report will be filed with the OTC Markets
Information Service on or before 90 days from May 31, 2013 in line with its reporting
guidelines. The Company will announce interim results prior to this
as relevant information becomes available. The Company intends to
have the full year results audited as soon as possible on a path to
relisting on the OTCQB at the earliest opportunity as a requirement
of the funding process for pending acquisitions.
Vincent Browne, Chairman and
Chief Executive of Axiologix, Inc., commented, "We are obviously
pleased to announce that revenues for the last fiscal quarter show
strong growth from our existing businesses. It is too early to
comment on other financial results at this stage, but we wanted to
keep shareholders updated on this key growth metric as soon as we
had adequate guidance. We are also very close to executing a
definitive agreement to acquire our next company in California that, if completed, will add over
$5 million in accretive revenues and
positive EBITDA to the Company. We are also at advanced discussions
with a number of other acquisition targets to follow this one and
will issue further updates on these in due course."
Corporate Press Release e-Mail Distribution
Interested investors and shareholders will be added to the
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Investor Relations Contact:
A.S. Austin Co.
E-mail: axlx@asaustinco.com
Phone: +1 941 306 3935
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 Florida, 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 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.