SOURCE: Axios Mobile Assets Corp

May 06, 2011 17:00 ET

Axios Enters Into Debt Settlement

TORONTO--(Marketwire - May 6, 2011) - Axios Mobile Assets Corp. (CNSX: AXA) reports that it has reached agreement to settle outstanding debt of $80,000 owed to outside contractors to the company in exchange for 800,000 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 68,590,434 outstanding common shares (to be 69,390,434 upon closing of this debt settlement).

Contact Information

  • FOR FURTHER INFORMATION CONTACT:

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