SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

August 16, 2016 08:00 ET

Axios Customer List Grows to 10 Major US Egg Suppliers

MISSISSAUGA, ON--(Marketwired - Aug 16, 2016) - Axios Mobile Assets Corp. (TSX VENTURE: AXA) ("Axios" or the "Company") announced today that a tenth major US egg supplier has begun using the Company's unique pallet-based logistics solution for transporting products to regional Distribution Centres. 

Purchase orders received from the customer cover facilities shipping eggs and egg products from the states of Ohio and Indiana. Because the facilities are in close proximity to an Axios pallet-washing plant and to egg producing facilities of existing customers, the new orders present an opportunity for the Company to increase density within current delivery lanes. 

"Our new customer operates in areas the Axios team knows well and this should enable us to achieve a high level of efficiency during both initial rollout and ongoing system management," said Richard MacDonald, President and CEO of Axios Mobile Assets. "The customer's production facilities are fairly close to our sanitization facility in Ohio, which is another positive aspect of the new orders," he added.

Axios employs a proprietary Safe Quality Food (SQF)-certified washing process to sanitize its pallets after each use. Superior strength-to-weight ratio and advanced track-and-trace capabilities are among other features making the Axios solution an increasingly popular choice for producers of perishable goods. Axios supplies pallets and logistics to four of the five largest egg producers in the United States, and now 10 of the top 40.

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 ability to increase density within current delivery lanes and the Company's ability to achieve a high level of efficiency during the initial rollout and ongoing system management. 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 June 30, 2016 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

  • CONTACT:

    Richard MacDonald
    President & CEO
    Email Contact
    877-762-9467 x601

    Peter Murray
    Shareholder Contact
    Email Contact
    778-839-8382