SOURCE: Axion Spatial Imaging, Inc.

June 16, 2008 08:30 ET

Axion Spatial Imaging, Inc. (ASII) Signs Stock Purchase Agreement With Alco

LAS VEGAS, NV--(Marketwire - June 16, 2008) - Axion Spatial Imaging, Inc. (PINKSHEETS: ASII) announced today that the Company has finalized a signed stock purchase agreement with Alco Advanced Technologies, Inc., a Nevada privately held Corporation. Alco is an experienced company focusing on data security in addition to its presence in Las Vegas casinos via its patented security software. Alco also specializes in voice encryption technology as well as CCTV systems. Additionally, Alco has a foothold in the Latin American market specializing in such security products as port scanning software as well as digital video recording. Many of Alco's products can be seen on its website: www.alco-advanced.com. The agreement between the two companies allows ASII to purchase up to 40% of Alco stock over the next few months.

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:
    Axion Spatial Imaging, Inc.
    Ricardo Perez Rodriguez
    President
    206-925-3415