ATLANTA,
April 29, 2014
/PRNewswire/ -- Axiologix, Inc. (OTC Pink:
AXLX) announced today that it has hired Belmont
Acquisitions Corp., specifically Mark
Gilbert, Managing Director to manage its investor relations
program.
Axiologix, which currently produces $12 million in annual revenues, has taken some
major steps recently to enhance long-term shareholder value. These
include: the recently announced pending acquisition of iTeknik
Holding Corporation which will effectively double the Company's
annual revenue to $24 million when
completed; the restructuring of its capitalization table in
anticipation of raising capital for growth and additional
acquisitions; and the completion of audits for May 31, 2013 and 2012 that will now allow the
Company to file a Form 10 with the SEC to become fully reporting
once again.
The Company has chosen Mark
Gilbert of Belmont Acquisitions to manage its Investor
Relations program. Mr. Gilbert's bio is attached to this press
release.
Vincent Browne, Axiologix
Inc.'s CEO, said, "It was time to take the necessary steps to bring
professionals to our investor relations efforts. The board believes
that the Axiologix growth story is both compelling and unheralded
to the investor community and we believe that Mark and his team at
Belmont can assist us in getting
our value proposition out into the marketplace more effectively.
The appointment is for a minimum of one year and Belmont is being compensated in restricted
stock that aligns their income directly with the performance of the
common stock."
Mark Gilbert stated, "With
its acquisition of iWorld Services last November, the Company now
produces a solid revenue stream from high growth emerging markets.
Upon completion of its announced roll-up strategy in the Mobile and
Enterprises VOIP space, and its targeted new Business Segment, of
Money Transfer, this Company is set to produce annualized EBITDA in
excess of $1.5m over the course of
the next 15 months."
Mr. Gilbert continued, "The market currently gives a value
of 6 to 8 times revenues for small/mid-cap companies in the VOIP
space, and while there will be a lot of work to get us to that
metric, I have found that their management team is committed 'to do
what it takes' and that's why we agreed to this
assignment."
Over the next few weeks investors will see the launch of a
redesigned, more user friendly investor relations section of the
Company website and the announcements of additional resources and
relationships which will be used to introduce additional individual
and institutional investors to the Company's value
proposition.
About Axiologix, Inc.:
Axiologix, Inc. (OTC Pinks: AXLX), based in Atlanta, Georgia, USA, is a public holding
company, whose subsidiaries operate in the rapidly growing
International Cloud Communications (VOIP) and high margin Mobile
Payments/International Remittances markets. The Company's global
products utilize proprietary technologies and sales channels to
serve consumer and enterprise markets in the U.S. as well as high
growth emerging regions of North
Africa and Middle East. The
Company's management builds shareholder value through both organic
growth in its focused marketing channels as well as scaling through
targeted "roll up" acquisitions in consolidating markets. These
subsidiaries benefit from access to financial markets for
operational and growth capital and the Company's experienced
management team provides operational support to streamline
expenses, which creates a sustained competitive advantage while
building a market leader. For more information please visit our
websites at www.axiologix.net, www.axiocomm.net,
www.primecarrier.com and iworldservices.com.
About Belmont Acquisitions:
Belmont Acquisitions is a national, independent advisory
firm. We provide a broad range of investment banking, and
corporate consulting services to small and medium sized businesses
across the U.S. and internationally. Our firm is closely held
and headquartered in Phoenix,
Arizona with a presence in California, Texas, and Indiana. Our mission is to make advisory
services available to smaller companies, helping to level the
playing field. For more information please visit our website at:
www.belmontacquisitions.com
About Mark
Gilbert:
Belmont Acquisitions-Managing Director - Investor
Relations
Mark Gilbert has over 23
years of direct experience as an Investor Relations Professional.
In addition, to creating and managing intense and comprehensive
Investor Relations campaigns and programs Mr. Gilbert specializes
in working with institutional investors for small cap, Micro-Cap
and Nano-Cap stocks as well as the totality of the market
including Mega-Caps, Large Caps and Mid-Caps, too. Mr.
Gilbert's experience with institutional investors allows him to
target specific broker dealers and funds whose investment criteria
most closely align with Belmont's
clients. By capitalizing on those relationships Mr. Gilbert can
more quickly interest these institutions in Belmont's clients which helps to stabilize the
price fluctuations that are a byproduct of the liquidity that
creates the value in public companies through the increase in
institutional market capitalization each and every time. Mr.
Gilbert has effectively worked in 14 different industries and his
clients have typically commanded the high end of the P/E spectrum
in their respective market segments, though Mr. Gilbert enjoys a
value play enormously. Through his relationships Mr. Gilbert has
the ability to introduce his clients to portfolio managers, (with
equal ease), over the phone as a new investment idea, in one-on-one
meetings, or in conferences held periodically throughout the U.S.
and therefore has also raised just under $85
million for small cap stocks, alone.
Forward Looking Statement Disclaimer:
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 Securities and Exchange Commission and 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.
