SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

May 26, 2016 07:30 ET

Axios Announces Largest Contract to Date, Fleet Size Set to Double

MISSISSAUGA, ON--(Marketwired - May 26, 2016) - Axios Mobile Assets Corp. (TSX VENTURE: AXA) ("Axios" or the "Company") is pleased to announce that it has signed a contract with a leading egg supplier in the United States representing the largest single contract the Company has ever received for its pallet and technology platform. Once rollout under the agreement is complete, Axios will have approximately doubled the size of its active pallet fleet.

This contract -- the eighth for Axios with a major US egg producer -- will expand the Company's pallet and logistics solutions into the Southeast, South and Southwest regions, supporting product shipments into several perishable-foods Distribution Centres. Axios expects to begin service to the customer in June 2016.

"An order of this magnitude enables Axios to achieve significant new levels of operational efficiency and revenue generating capacity," said Richard MacDonald, President and CEO of Axios. "Our pallet pooling team looks forward to executing a smooth rollout to this new strategic customer and ensuring that we make the most of the economies of scale and other opportunities facilitated by the two new contracts announced since the beginning of 2016."

Inventory management and other measures have been taken throughout the first two quarters of the year to ensure smooth onboarding of new customers anticipated by the Company. Axios remains on track to meet its goal of supporting shipments to over 40 Distribution Centres nationwide by the end of 2016.

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 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 date on which the Company will begin to service the new customer, the expected size of the active pallet fleet once rollout of this agreement is complete and the Company's ability to support shipments to 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