SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

March 18, 2011 21:42 ET

Axios Enters Into Debt Settlement

TORONTO--(Marketwire - March 18, 2011) - Axios Mobile Assets Corp. (CNSX: AXA) reports that it has reached agreement to settle outstanding debt of $60,550.16 owed to outside directors and consultants to the company in exchange for 1,211,003 common shares of the company.

No exchange or regulating authority has approved or disapproved the contents of this press release.

AXIOS MOBILE ASSETS CORP. has 67,379,431 outstanding common shares (to be 68,590,434 upon closing of this debt settlement).

Contact Information

  • FOR FURTHER INFORMATION CONTACT:

    AXIOS MOBILE ASSETS CORP.
    Marc Topacio
    CFO
    (877) 762-9467 x401