EQUITIES IRHub

[ICEQUITY]

Axiologix (OTCBB: AXLX) Completes Acquisition of E*pad

Date: January 24, 2011 1:20 PM
Publisher: Bolton Flautt
Source: Bolton Flautt, AP, Bloomberg, Reuters
Categories: Market Drivers, Market Movers, OTCBB
Tags: AXLX, Equities.com

Axiologix Education Corporation (OTC: AXLX), an educational software provider, announced today that they have completed the acquisition of E*pad from Edumedia Software Solutions Corporation. E*pad is an innovative, web based, electronic portfolio, and authentic assessment development application for students and educators. Shares of Axiologix were very active today gaining nearly 30 percent to $0.13 per share on volume of more than 200,000 shares.

Axiologix will no longer have to pay a margin for the resale E*pad as the Company now owns all intellectual property and rights to the software application. Under the terms of the Agreement, Axiologix acquires all rights and intellectual property of E*pad from Edumedia for a combination of restricted stock and cash.

"The transition from reseller to owner of E*pad has begun for our Company," stated John P. Daglis, CEO of Axiologix Education Corporation. "We are off to a good start for 2011 and will continue to focus on organic growth of revenue and acquisitions to build value for the Company and our shareholders," Daglis concluded.

The CEO and President of Edumedia, J. Chris Tyson, said, "We are excited for Axiologix and look forward to the future of E*pad. With its marketing and professional development team Axiologix assures the best success for the software application."

For more information visit: http://www.axiologix.net/.

http://www.worldmarketmedia.com/779/section.aspx/2917/post/axiologix-otcbb-axlx-completes-acquisition-of-epad