SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

June 26, 2015 12:08 ET

Axios Mobile Assets Announces AGSM Results

VAUGHAN, ON--(Marketwired - Jun 26, 2015) - Axios Mobile Assets Corporation (CSE: AXA) ("Axios" or the "Company") reports on the following results from its Annual and General Special Meeting:

Election of Directors:

The Nominees listed in the management proxy circular for the 2015 AGSM were elected as directors of Axios. Detailed Results of the votes by ballot for the election of directors held at the AGSM are as follows:

Nominee   Votes For   % For   Votes Withheld   % Withheld
Richard MacDonald   76,965,432   99.93%   54,000   0.07%
Marc Topacio   76,965,432   99.93%   54,000   0.07%
Jim Taylor   76,968,432   99.93%   51,000   0.07%
Dennis Bausch   76,968,432   99.93%   51,000   0.07%
Chris Salapoutis   76,968,432   99.93%   51,000   0.07%
David Wickwire   76,965,432   99.93%   54,000   0.07%

Appointment of Auditors

Grant Thornton LLP, Chartered Accountants has been appointed auditors of the corporation to hold office until the close of the next annual general meeting of shareholders at such remuneration as may be fixed by the directors and the directors are hereby authorized to fix such remuneration.

Results for the appointment of auditors are as follows: 77,019,432 (100.00%) votes for and Nil (0.00%) votes withheld

Stock Option Plan

The Axios 10% rolling Stock Option Plan has been approved by the shareholders. Results as follows: 76,969,432(99.93%) votes for and 50,000 (0.07%) votes against.

Special Resolution Approving Share Consolidation

A special resolution authorizing Axios to consolidate its existing common shares on the basis of one (1) new common shares for up to every ten (10) existing common shares was approved by the shareholders, and to file Articles of Amendment in respect thereof. Results as follows: 76,958,432 (99.92%) votes for and 61,000 (0.08%) votes against.

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 an integrated solution to their customer. 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 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.

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