Axiologix, Inc. Reports Nine Month Results: $710,678 In Revenues
Compared To No Revenues For Same Period Last Year
SARASOTA, Fla., April 17, 2013 /PRNewswire/ -- Axiologix,
Inc. (www.axiologix.net) (AXLX.PK), an International Technology and
Services Organization focused on delivering 'Cloud' Products and
Services, today announced that it has filed unaudited results for
the three and nine months ended February 28,
2013, via the OTC Markets Disclosure & News Service.
Key results were:
Revenues of $710,678 for the
nine month period versus zero revenues for the same period last
year.
Revenues were $241,950 for the
three months ended February 28,
2013.
Gross margins continue to be 95% as per previous
guidance.
Generated positive cash flows from operations of $27,623 in the current quarter increasing the
total cash from operations to $52,750
for the nine months ended February 28,
2013.
Cash increased by $72,879 for
the nine months ended February 28,
2013.
Full details of the Company's Quarterly Report are accessible
at http://www.otcmarkets.com/stock/AXLX/filings
Vincent Browne, Chairman and
Chief Executive of Axiologix, Inc. said, "This has been another
positive quarter for us in maintaining positive operational cash
flow position, increasing our cash position and securing the
$800,000 equity transaction with
institutional investor, Ironridge Technology Co. With the Ironridge
transaction completed, we have significantly strengthened our
Balance Sheet, which will help us a great deal in securing the
necessary funding to close the pending acquisition of a company
which will contribute more than $5
Million in revenues. We have reported positive working
capital and a shareholders equity surplus for the first time. We
have also gained a very supportive investor to help move the
Company forward and execute our ambitious growth
plans."
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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.