SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

December 30, 2014 14:49 ET

Axios Mobile Assets Corp. Announces First Closing of Convertible Debenture Offering

VAUGHAN, ON--(Marketwired - Dec 30, 2014) - Axios Mobile Assets Corporation (CSE: AXA) -- Axios Mobile Assets Corporation ("Axios" or the "Corporation") is pleased to announce a first closing of $1,925,000 on its up to $3 million offering (the "Offering") of convertible unsecured debenture units (the "Debenture Units") offering.

The terms of the Offering are presented in our press release dated September 25, 2014.

The proceeds of the Offering will be used to manufacture composite, RFID enabled pallets (to fulfil existing orders), working capital and general corporate purposes.

Completion of additional tranches of the Offering is subject to certain conditions, including, without limitation, receipt of Canadian Stock Exchange approval and any other required approvals.

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 and metrics for the users in the value chain. The Axios Solution is gaining market acceptance at Vendors and Retailers 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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