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 enquiries
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."
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investors and shareholders will be added to the corporate e-mail
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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.