SOURCE: Axios Mobile Assets Corp.

April 03, 2015 20:00 ET

Axios Issues Stock Options and Settles Debt

TORONTO, ON--(Marketwired - Apr 3, 2015) - Axios Mobile Assets Corp. (CNSX: AXA) wishes to announce that an aggregate of 9,650,000 options to purchase common shares of the Corporation at $0.15 per share for 5 years have been granted to employees, consultants, management and directors.

The Company reports that it has reached agreement to settle outstanding debt of CAD$781,345 owed to outside directors, consultants and accrued wages to employees to the company in exchange for 10,417,936 units of the company. Each Unit consists of one common share in the capital of the Company at CAD$0.075 and one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at a price of CAD$0.15 until April 1, 2017.

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. The Axios Solution, when applied with its proprietary tracking and information system delivers actionable data that helps improve the value chain. The Axios Solution is gaining 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 is also possible to monetize the generated credits to provide users with 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.

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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