Wednesday, October 03, 2012 7:24:26 AM
AXLX UPLISTING TO OTCBB! DD+CHART
Axiologix Inc. (www.axiologix.net), (AXLX.PK) an International Technology and Services Organization focused on delivering ‘Cloud’ Products and Services today announces that it has commenced the process to re-list on the OTC Bulletin Board (OTCBB) as soon as possible.
Generally, companies listed on the OTCBB gain greater credibility and appeal to a wider investment community than those listed on Pink Sheets.
Re-listing on the OTCBB requires the Company to complete an audit for its year ended May 2012 and file the necessary forms with the Securities and Exchange Commission, which the Company expects to complete by the end of October 2012.
Vincent Browne, Chairman and Chief Executive of Axiologix Inc., said “The Company was listed on the Bulletin Board until October 2011 when it elected to deregister its stock to save costs. Since the acquisition of VOIP ACQ in January and Prime Carrier in March, the Company has seen its first revenues and positive EBITDA reported for the quarter and year ended May 2012. With revenues continuing to grow and other acquisitions planned we feel that the time is right to once again list on the OTCBB. We believe that being a fully reporting Company again, will enable Axiologix to address a wider investment community which should generate a better return for shareholders going forward.”
Axiologix Inc. (www.axiologix.net), (AXLX.PK) an International Technology and Services Organization focused on delivering ‘Cloud’ Products and Services today announces that it has commenced the process to re-list on the OTC Bulletin Board (OTCBB) as soon as possible.
Generally, companies listed on the OTCBB gain greater credibility and appeal to a wider investment community than those listed on Pink Sheets.
Re-listing on the OTCBB requires the Company to complete an audit for its year ended May 2012 and file the necessary forms with the Securities and Exchange Commission, which the Company expects to complete by the end of October 2012.
Vincent Browne, Chairman and Chief Executive of Axiologix Inc., said “The Company was listed on the Bulletin Board until October 2011 when it elected to deregister its stock to save costs. Since the acquisition of VOIP ACQ in January and Prime Carrier in March, the Company has seen its first revenues and positive EBITDA reported for the quarter and year ended May 2012. With revenues continuing to grow and other acquisitions planned we feel that the time is right to once again list on the OTCBB. We believe that being a fully reporting Company again, will enable Axiologix to address a wider investment community which should generate a better return for shareholders going forward.”
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