SOURCE: Axiom Management, Inc.

January 29, 2008 11:20 ET

Axiom Management Inc. Initiates Proposed Acquisition of Florida PEO/ASO Company

SANTA FE SPRINGS, CA--(Marketwire - January 29, 2008) - Axiom Management Inc. (PINKSHEETS: AXMA) today announced it has placed in escrow a non-refundable deposit of $50,000 in connection with the proposed acquisition of a Florida, full-service PEO (payroll/workers comp.) ASO (payroll) company. The targeted company had 2007 unaudited sales in excess of $24 million. The combined companies would have un-audited 2007 sales of approximately $31 million. Consummation of the proposed transaction is subject to the satisfactions of various terms and conditions pursuant to the Definitive Purchase Agreement. The anticipated closing will be prior to the close of the Axiom's 2008 first quarter.

Axiom Management's CEO James Clapp said, "This deposit is proof that Axiom is committed to pursuing an aggressive acquisition strategy. Consummation of the proposed transaction would bring to Axiom a strategic advantage that is synergistic to our current and future clients and associate staff." He continued to say, "We continue to work closely with our auditors, Kabani & Company, Inc. to complete Axiom's 2006 and 2007 audited financial statements in preparation for the contemplated listing of Axiom's common stock on the OTC Bulletin Board Exchange."

About Axiom Management Inc.

Axiom Management Inc. (PINKSHEETS: AXMA) is a full-service staff recruitment, fulfillment, and human resources management company focusing primarily on clerical / technical, logistic providers, and light manufacturing as its main industry clients. In addition, the Company has established a wholly owned subsidiary to offer high-margin risk management services to address rising workers compensation costs and related expenses. To learn more about Axiom Management Inc. Visit: www.axiom-management.com.

Forward Looking Statement:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Contact Information

  • CONTACT INFORMATION:
    AXIOM Management Inc
    Robert Gartzman
    Investor Relations
    (561) 447-7177