SOURCE: Axiom Management, Inc.

September 17, 2008 09:00 ET

Axiom Management Inc. Signs Two New Contracts Adding in Excess of $10M of New Revenues Annually

SANTA FE SPRINGS, CA--(Marketwire - September 17, 2008) - Axiom Management Inc. (PINKSHEETS: AXMA), a full-service staff recruitment, fulfillment, and human resources management company, today announced it has signed new contract Agreements with Homemakers and 1 Source. These two accounts will add in excess of $10M of new revenues and over 200 new employees into Axiom Management Inc. annually.

James Clapp, CEO, stated, "We are committed to growing our company and this has been another very good week for us. We continue to meet with large companies who realize that by utilizing Axiom's personnel administration services, allows their management team to focus on core business while maintaining control of their internal work environment.

"With the new Contract Agreements as well as our current list of customers such as Huffy Bicycles, Tecnicon Diamond, FAMSA, and La Victoria, to list a few, we are poised to exceed $34M in annualized revenues once these contracts are in place.

"In addition, as part of our overall growth strategy we continue to build organic growth as well as expanding geographically. Axiom plans to acquire key agencies in the highly fragmented staffing and outsourced services industry throughout the U.S. Axiom will be able to consolidate those agencies into its existing operations, realizing the full benefits of a consolidation."

Axiom filed its Form 10-12G on May 15th, 2008, with the SEC to become listed on the OTC Bulletin Board Exchange and since the filing has completed two rounds of SEC comments.

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.
    Gani Gjonbalaj
    Vice President
    (562) 388-4150

    Robert Gartzman
    Investor Relations
    (561) 447-7177