SOURCE: Axios Mobile Assets Corp.

December 20, 2013 22:00 ET

Axios Enters Into Debt Settlement

TORONTO, ON--(Marketwired - Dec 20, 2013) - Axios Mobile Assets Corp. (CNSX: AXA) reports that it has reached agreement to settle outstanding debt of $761,009 owed to outside contractors and independent directors to the company in exchange for 15,220,177 common shares of the company.

AXIOS MOBILE ASSETS CORP. has 93,849,945 outstanding common shares (to be 109,070,122 upon closing of this debt settlement).

About Axios Mobile Assets

Axios Mobile Assets Corp. is a logistics enabler, featuring next generation, bio-based pallet technology, which can be bundled with its proprietary tracking and information system that helps improve the value chain in the logistics market. The Axios bundled offering provides the customer with efficiencies in total cost of ownership, useful life, customized configurations, and a revenue stream through carbon credit generation, monitoring and the monetizing of carbon emissions reductions.

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

The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.

Contact Information

  • FOR FURTHER INFORMATION CONTACT:

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