ATLANTA, Jan. 7, 2015 /PRNewswire/ -- Axiologix, Inc.
(www.axiologix.net) (Pinksheets: AXLX), operating in the rapidly
growing Mobile Payments and International Remittance markets, today
announces that, following a period of strategic review and business
restructuring, it has recently launched a Cloud based
'Member-to-Member' payments service for both consumers and
merchants in the United States
that provides a mobile device alternative to traditional banking
services for those who have so far chosen not to operate a regular
bank account. Read more and sign up at www.axiocashgenie.com.
The Genie Cash product suite is offered in conjunction with
AllCom, Inc., a veteran of the telecoms and payment processing
industry that has developed the solution over many years using
patent pending technology and procedures.
The service allows all merchants and small businesses, from
online stores to local service providers and eateries, to grow
their business and make it easier for customers to pay them. Using
Genie Cash, businesses can attract new customers that otherwise
could not buy from them using the 'buy online but pay in cash
locally' feature; Genie Cash also allow patrons to 'Pay by Text' if
they wish, without having to disclose their card details. Genie
Cash also delivers a more cost effective solution for these
businesses over traditional options by taking in customer payments
at less cost than traditional processing fees and subsequently
paying their vendors instantly by check with a simple email. No
more expensive ACH or wire fees.
Vincent Browne, Chairman and
Chief Executive of Axiologix, Inc., commented. "We are obviously
pleased to announce some positive developments in the business
following a longer than expected period of refocus and
reorganization last year. With the launch of the Genie Cash product
suite we have taken the first steps in becoming exclusively
financial services focused which should allow the markets to better
understand our operations, our markets and our positioning going
forward. Following a relatively quiet period and following
questions received from shareholders, we have posted a shareholder
update letter on our website at
www.axiocashgenie.com/investors to update on the
Company's progress on various topics. Whereas not all aspects of
our restructuring have been finalized at this point, we have now
received the necessary commitments from key participants to allow
us to move forward with some optimism."
Investor Relations Contact:
E-mail:
investors@axiologix.net
Phone: +1 770 392 4266
About Axiologix, Inc.
Axiologix, Inc. (OTC Pinks:
AXLX) based in Atlanta, Georgia,
USA operates in the rapidly growing Mobile Payments and
International Remittance markets. Our key focus is on un-banked and
under-banked communities both in the
United States and around the World. Together with our
innovative strategic partners we provide disruptive 'Cloud' banking
services such as 'member-to-member' payments and merchant services
using cell phones and the Internet, along with linked debit cards
for convenience and international mobile money remittance transfers
at a keystroke. Our users have long sought to use more convenient,
more inclusive and ultimately more affordable banking services that
are currently unavailable to them from regular banking channels.
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/axiologix-inc-launches-exciting-member-to-member-payments-service-as-part-of-new-focus-on-financial-services-products-300017271.html
SOURCE Axiologix, Inc.