SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

October 08, 2015 07:30 ET

Axios Expands Service Area With Two New Contracts in Southeastern United States

MISSISSAUGA, ON--(Marketwired - Oct 8, 2015) -  Axios Mobile Assets (CSE: AXA) (OTCQB: AXBSF) ("Axios" or the "Company") is pleased to announce that it has received contracts to supply its proprietary pallet-based logistics system to two egg producers in the US state of Georgia. The new long-term agreements bring the total number of long-term contracts announced by Axios since 2014 to six and extend the Company's service area into the southeastern United States.

Axios personnel are scheduled to assist the producers with system implementation in mid-October and the Company expects to ship the first pallets to them by the end of the month.

"These two contracts are the first for Axios in the southeastern United States and give us a regional presence in one of the country's most important centers of perishable food production," stated Axios Mobile Assets CEO Richard MacDonald. "We are on track with our growth plan for 2015, having expanded from our Midwest starting point to the Northeast, and now into the Southeast. As we gain footholds in more regions it brings the opportunity to service new farms and support the transportation of different perishable foods."

Axios provides a comprehensive transport logistics solution to its customers with lightweight, 100% recyclable composite pallets backed by an integrated data management system. Featuring an easy-to-use dashboard, the system enables users to access information about location and a variety of shipment conditions. It has been adopted by some of the leading regional egg producers in the United States.

The Company's shares also trade on the Canadian Securities Exchange under the symbol AXA. Quotes are available at http://www.cnsx.ca/CNSX/Securities/Technology/Axios-Mobile-Assets-Corp.aspx.

About Axios Mobile Assets

Axios Mobile Assets Corp. is a supply chain logistics company. Axios is becoming a key supplier of pooled pallets primarily in the perishable food category. The Axios Solution, includes proprietary tracking and information systems that deliver actionable data that helps improve supply chain visibility and food safety. The Axios Solution is gaining market acceptance based on its unique attributes: lower total cost, lighter weight, sanitary pallets, and real time data. Axios was incorporated under the Business Corporations Act (Ontario) and is a reporting issuer in the Province of Ontario. Axios is traded on the Canadian Securities Exchange (CSE) under the symbol AXA, and on the OTCQB Venture Marketplace under the symbol AXBSF.

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

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Axios and the pallet management company are able to agree on the terms of a definitive supply agreement, and whether Axios is able to meet price, performance, quality and delivery requirements. Axios undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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