VAUGHAN, ON--(Marketwired - Apr 30, 2014) - Axios Mobile Assets Corporation (CSE: AXA) today announces that they have signed a second five year, long term contract with Centrum Valley Farms (Centrum). This second contract complements the initial Trillium Farms (Trillium) contract that was signed earlier in the month that continues the deployment of the Axios pallet and technology platform to the egg industry.
As with Trillium, Centrum and CCF Brands have identified the first logistics lanes between the Centrum facilities and their customers Distribution Centers. Centrum has begun mapping the roll out process with Axios and their pallet pooling Division, Axios Logistics Solutions Inc. with the intent of having product shipped on the Axios platform in the month of May 2014.
"We are very pleased to have been awarded this second contract for Axios Logistics Solutions Inc. in such a short time. These awards move the company to cash flow in a very condensed time frame and we are excited to be able to continue on at this pace," said Rich MacDonald, President and CEO of Axios Mobile Assets Corp.
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.
CCF Brands is a Rogers, Arkansas-based Company that has become a force in refrigerated cases over the past decade. Its Great Day and Farmers Market egg products and prepared breakfasts have graced the shelves in chains such as Walmart, Target, Albertsons and Walgreens.
Centrum Valley Farms
Centrum is one of America's leading shell egg and egg-product producers founded by the Jim Dean family, Steve Boomsma family and Brian Boomsma family. With a rich history in farming and egg production, their commitment to doing the right thing is engrained in all their management teams and all their dedicated employees since the first farm in 1978.
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.