"Axiologix, Inc. Committed to No Reverse Split and Continues to Build Revenue With Company's Cloud Technology Solutions.
SARASOTA, Fla., April 23, 2013 /PRNewswire/ --Axiologix, Inc. (www.axiologix.net) (AXLX.PK), an International Technology and Services Organization focused on delivering 'Cloud' Products and Services, announced today that the Company is committed to increasing shareholder value and no reverse split for its stock.
Additionally, according to data at OTCShortreport.com (http://otcshortreport.com/index.php?index=AXLX&action=view) while over 180 million shares traded on April 16th and 17th, short volume exceeded 90 million shares or about half of the total volume.
Vincent Browne, Chairman and Chief Executive of Axiologix, Inc. said, "Following some inquiries from our shareholders relating to a potential reverse stock split, I would like to confirm we have no plans to execute a reverse split on the stock of our Company. We are committed to increasing shareholder value by building a robust and sustainable business. Therefore, we see no need and no reason to substantially decrease shareholder value through a reverse split."
Mr. Browne continued, "I have no idea why our stock is such a target for the short side of the market. We expect to continue to increase revenues quarter to quarter and organically grow our Company, and we are also pursuing strategic acquisitions, as previously announced, that will substantially increase our cash flows if completed. We will continue to build our business with our marketing campaigns, including exhibiting at future Cloud Technology trade shows and conferences as appropriate. The marketplace has a way of working itself out, and regarding the short position, our best response is by increasing our enterprise value and surprising the market with significant announcements going forward."
Corporate Press Release e-Mail Distribution - Interested investors and shareholders will be added to the corporate e-mail database for future corporate press releases and industry updates after sending an e-mail with "AXLX" in the text to investorrelations@mindspring.com.
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.
Needless to say, with these major developments, it should come as no surprise that the Penny Stock Dream platform has taken up such an interest in the inner workings of AXLX (Axiologix, Inc.). Due to the significant expectations being kicked around for this company, by active penny stock investors, we believe that there may be a great deal of upside left for this company as things continue to progress. We urge all subscribers and followers to keep a close eye on this stock but an even closer eye on the major penny stock newsletter alert that we will be releasing tomorrow morning! Platinum Members will be receiving it first, so if you wish to receive the major announcement early, be sure to subscribe to www.pennystckdream.com/platinum.
Penny Stock Dream aims to bring only the best penny stock information to our subscribers, so that they can all make more informed decisions when it comes to their research regarding penny stock investment. AXLX (Axiologix, Inc.) proved an incredible gainer over the course of this past week and although we have not previously released an alert for it, we do periodically write pieces on fast moving penny stocks, to the readers of our blog and to the subscribers of our newsletter. General subscription to our newsletter service is absolutely free, so we highly suggest that those investors most interested in buying penny stocks, as well as anyone who is simply interested in learning how to trade penny stocks, take the time to subscribe to this free service. You can subscribe to our top penny stock newsletter platform at www.pennystockdream.com.
While our general penny stock newsletter subscription services are absolutely free, many highly successful traders have opted to sign up to our elevated Platinum Membership services, for the purpose of receiving various special alerts in advance of free members. This has given them a significant advantage in their ability to digest key information before many others are able to. Those wishing to sign up to our special Platinum Membership package, can do so at www.pennystockdream.com/platinum.
Pennystockdream.com and its employees are not registered as Investment Advisers in any jurisdiction whatsoever. We encourage all of those that are interested in trading penny stocks, or any other form of investment, to conduct their own research to garner a better understanding of what they are getting involved in. Be sure to read the full pennystockdream.com disclaimer at: http://pennystockdream.com/disclaimer.
RSS Feed
