SOURCE: Axiom Corp.

February 27, 2015 12:10 ET

Axiom Corp. Completes Acquisition of PaperNuts Corporation

ST. CATHARINES, ON--(Marketwired - Feb 27, 2015) - Axiom Corp. (OTC PINK: AXMM) ("Axiom" or the "Company") is pleased to announce that it has completed the acquisition of PaperNuts Corporation, a Canadian-based developer and marketer of innovative and environmentally friendly packaging solutions. As a result of the acquisition, PaperNuts Corporation has become a wholly-owned subsidiary of Axiom Corp. 

Tyler Pearson, CEO of PaperNuts, commented, "We are extremely pleased to have quickly completed this important going-public transaction that should help to accelerate our growth strategy and allow us to better deliver the highest-quality eco-friendly and sustainable paper packaging technologies to businesses of all sizes." 

Pearson concluded, "Over the next several months, we hope to introduce more people than ever before to the PaperNuts biodegradable alternative to traditional packaging fillers like polystyrene foam "peanuts" that are causing irreparable damage to our environment. I look forward to working with the entire PaperNuts team, our distributors, and our end-users to help grow this company and the PaperNuts brand to its full potential as a strong, trusted, and profitable leader in the global recyclable packaging sector."

The Company expects to change its name from "Axiom Corp." to "PaperNuts Limited" to better represent its new business focus and the PaperNuts brand.

About PaperNuts Corporation

PaperNuts Corporation is a global focused developer and marketer of innovative and environmentally friendly packaging solutions. PaperNuts Corporation owns proprietary technology and intellectual property originally developed in Finland that provides an environmentally friendly alternative to traditional protective packaging options that often can be very harmful to the environment. PaperNuts delivers a loose-fill packaging solution that competes directly with polystyrene foam plastic "peanut" fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products. 

PaperNuts are a cost-effective green alternative to competitive fillers, made from 100% recycled paper that was destined for landfill, and are both biodegradable and fully recyclable after use. PaperNuts also provide superior product protection, are clean and easy to handle, non-polluting, and low in particulates. The "PaperNuts Converter" machine used to create PaperNuts requires only 10 sq. ft. of floor space to operate and gives small, medium, and large scale businesses the capability to produce on-demand on-site packaging that reduces the shipping and storage costs associated with competitive products.

For additional information regarding PaperNuts Corporation, visit www.papernuts.ca.

Disclaimer/Safe Harbor: This Axiom Corp./PaperNuts Corporation news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company's contracts, the Company's ability to raise sufficient development and working capital, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.

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