SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

August 31, 2015 09:44 ET

Axios Files Quarterly Financial Statements and MD&A

MISSISSAUGA, ON--(Marketwired - Aug 31, 2015) - Axios Mobile Assets Corp. (the "Company") (CSE: AXA), Axios advises that it has now filed its quarterly financial statements and accompanying MD&A for the quarter ending June 30, 2015.

During the quarter ended June 30, 2015, the Company raised gross proceeds of $1,375,000 in a second closing of its 12% convertible debenture financing, and $150,000 in a second closing of its equity unit financing; settled $1,209,349 of debt through the issuance of 8,062,325 common shares at $0.15 per share.

During the quarter, the Company manufactured and introduced into the system 21,124 of its proprietary pallets for deployment in fulfilling existing supply contracts (and since July 1, 2015, have manufactured and introduced a further 13,702 pallets into the system).

About Axios Mobile Assets

Axios Mobile Assets Corp. is a logistics enabler, providing greater supply chain visibility. The Axios Solution features next-generation lightweight composite pallet technology with an integrated data management system, providing a comprehensive solution for customers. The Axios Solution, when applied with its proprietary tracking and information system delivers actionable data that helps improve visibility and transparency within their customers' value chain. The Axios Solution continues to gain market acceptance based on its unique attributes: lower total cost, longer useful life and customized configurations. The Axios Solution will increase sustainability performance for its users through the generation and subsequent retirement of carbon credits. It also enables customers to monetize the generated credits to provide an additional revenue stream, to assist in the overall reduction of cost within their supply chain. 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.

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.

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