SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

May 31, 2016 07:30 ET

Axios Adds New Contract in US Northeast

MISSISSAUGA, ON--(Marketwired - May 31, 2016) - Axios Mobile Assets Corp. (TSX VENTURE: AXA) ("Axios" or the "Company") is pleased to announce that it has signed a service agreement with a new customer in the Northeast region of the United States. The contract calls for Axios pallets to be used for shipping eggs to two Distribution Centres ("DCs") in the state of Pennsylvania, with Axios now transporting food products into 75% of its largest end retailer's cold chain DCs. Training at the customer's production facility is scheduled to begin next week.

The new contract increases the number of major egg producers using Axios pallets and logistics to nine, including four of the top five egg producers in the United States. Owing in part to strict sanitization of pallets following each use and the availability of industry leading track-and-trace technology to monitor shipment conditions, most of the pallets in the Axios fleet are currently utilized by producers of eggs and egg products.

"The North Atlantic region is strategically important for Axios and we are excited to begin work with one of its leading egg producers," said Richard MacDonald, President and CEO of Axios. "Our objective remains to have Axios pallets in supply chains reaching at least 40 Distribution Centres nationwide by the end of 2016 and the addition of another two locations in Pennsylvania draws us closer to this goal."

About Axios Mobile Assets
Axios Mobile Assets Corp. is a supply chain logistics company that is rapidly becoming a key supplier of pooled pallets, primarily to the perishable food industry. The Company's proprietary pallet-based tracking and information system delivers actionable data to help improve supply chain visibility and food safety. Unique attributes of the system include lower total cost, high system-wide biosecurity standards, real-time data and lighter weight. Axios is the only pallet pooler in the world with SQF certification in the Provision of Sanitation and Hygiene Services category.

Further information concerning the Company can be found at www.axiosma.com and www.sedar.com.

Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the Company's objective to support shipments to at least 40 Distribution Centres by the end of 2016. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's Management's Discussion and Analysis for the period ended September 30, 2015 under the heading "Risk Factors", a copy of which is filed on SEDAR at www.SEDAR.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Contact Information