SOURCE: Axion Spatial Imaging, Inc.

February 25, 2008 09:00 ET

Axion Spatial Imaging (ASII) Announces Purchase Agreement

LAS VEGAS, NV--(Marketwire - February 25, 2008) - Axion Spatial Imaging, Inc. (PINKSHEETS: ASII) announced today the recent outline of the principal terms with Global Staffing, Inc., a multi-million-dollar revenue Delaware corp. The terms of the proposed investment in Global include a sizeable investment in Global in return for Series-A preferred stock. Axion president M. Morey stated, "The recently concluded eight-page proposed document by the parties allows for setting a formula for the future continued acquisition of Global in the near term."

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligations to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information

  • Contact:
    P. Linson
    Axion Spatial Imaging, Inc.