SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

April 10, 2014 08:30 ET

Axios Mobile Assets Corp. Announces Newly Formed Logistics Company

VAUGHAN, ON--(Marketwired - Apr 10, 2014) - Axios Mobile Assets Corporation (CSE: AXA) today announces that they have formed a new wholly owned subsidiary, Axios Logistics Solutions to provide the pallet pooling and logistics services focusing on the supply chain at the retailer and vendor levels. This enables Axios to offer a full service pallet solutions suite to its users who are looking to gain greater visibility into their supply chains.

"More and more clients are asking for a seamless integration of their pallet requirements into their operational, logistics and shipping processes. The formation of this Group enables us to meet and exceed these needs, as we become a one-stop shop for driving out cost from disconnected partners in their logistics chain. Axios can now control the key cost drivers with our combined pallet and logistical service platform," states Rich MacDonald, President and CEO of Axios Mobile Assets.

Axios Logistics Solutions will function as an operating division focusing on the management (distribution, retrieval, processing, data and re-distribution) of the Axios platform. With this enhanced vertical integration, Axios can provide a level of service that complements the extraordinary value generated by the Axios platform itself. 

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.

Contact Information

  • CONTACT:
    Matt DiDio
    VP Sales and Marketing
    Email Contact
    877.762.9467 x201