SOURCE: Axiom Management Inc.

June 25, 2008 06:00 ET

Axiom Management Inc. Signs Two New Contracts Adding in Excess of $15M of New Revenues Annually

SANTA FE SPRINGS, CA--(Marketwire - June 25, 2008) - Axiom Management Inc. (PINKSHEETS: AXMA), a full-service staff recruitment, fulfillment, and human resources management company, today announced it has signed a new contract Agreement with Canoga Auto Sales with a value of $2M in revenues on an annual run rate. On Wednesday, June 18th, Axiom announced that it had signed a new contract with a premier Los Angeles Construction Company, Tecnicon Diamond Construction. These two accounts will add in excess of $15M of new revenues and over 430 new employees into Axiom Management Inc. annually.

James Clapp, CEO, stated, "This has been a very exciting week for us. We continue to meet with large companies who realize that by utilizing Axiom's personnel administration services, they are free to focus on their core business while maintaining control of their internal work environment.

"With the Canoga and Tecnicon Diamond Agreements as well as our current list of customers such as Huffy Bicycles, FAMSA, and La Victoria, to list a few, we are poised to exceed $24M in annualized revenues.

"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.

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