SOURCE: Axiologix Education Corporation

Axiologix Education Corporation

September 22, 2010 11:00 ET

Axiologix Education Corporation Announces Five for One Forward Stock Split

EGG HARBOR TOWNSHIP, NJ--(Marketwire - September 22, 2010) -  Axiologix Education Corporation ( (OTCBB: AXLX), an educational software provider, announced today that it will conduct a forward split of its common stock on the basis of five shares for each one share held by shareholders on the date the forward split becomes effective. This means that if you hold 1,000 shares of common stock on the day prior to the forward stock split, you will automatically have 5,000 shares of common stock on the day the forward stock split is effective.

"We believe the forward split will be in the best interest of our shareholders to reduce the market price from its current range by way of the forward stock split in order to facilitate increased liquidity in our common stock," said John P. Daglis, Axiologix' CEO.

Axiologix' Board of Directors have approved the forward split and a corresponding increase in the number of the company's authorized shares of common stock to 750 million. The company currently anticipates that the effective date of the forward split will be on or about October 4, 2010, pending review by FINRA.

About Axiologix

Axiologix Education Corporation is an educational software provider consisting of a group of distinguished education professionals recognized for making a substantial contribution to the educational technology community. The company's goal is to become one of the nation's leading partners with school systems K-12, and higher education, focused on raising student achievement through research-based school designs, uniquely aligned assessment systems, interactive professional development, integrated use of technology and other proven productivity applications in education.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Axiologix Education Corporation and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Axiologix Education Corporation and its operations, markets, products, and performance, and other factors detailed in reports filed by Axiologix Education Corporation with the SEC.

Contact Information

  • Contact:
    Investor Relations
    Phone: 877.338.3723
    501 Scarborough Drive, 3rd Floor
    Egg Harbor Township, NJ 08234