SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

May 07, 2013 08:00 ET

Axios Mobile Assets Corp. Receives the "OK" to Ship

VAUGHAN, ON--(Marketwired - May 7, 2013) - Axios Mobile Assets Corporation (CNSX: AXA) today announces the approval and sign off by Ongweoweh Corporation, a leading pallet management company, to ship eight thousand pallets which Ongweoweh will use in a pilot program with a key customer. This approval comes following Ongweoweh's President and CEO, Daniel Bonamie and his executive staff's tour and review of the fully automated molding and pallet assembly line in Guelph, Ontario. "This approval now demonstrates Axios' ability to scale at large volumes quickly, and ensures the repeatability of quality and dimensional integrity that is expected by our clients. We now have the capacity at this one facility to assemble 500,000 pallets on an annual basis and moreover, this footprint can be replicated within our manufacturing partners' facilities as well," said Axios' Rich MacDonald, President and CEO.

Mr. Bonamie said that Ongweoweh is pleased to cooperate with Axios in this program, which should help bring innovative solutions to the pallet needs of its customer. Ongweoweh's customer hopes to improve its sustainability metrics and Mr. Bonamie is eager to place the pallets with it and then monitor and share with Axios useful performance data.

About Axios Mobile Assets
Axios Mobile Assets Corp. is a logistics enabler, featuring next generation, composite pallet technology, which can be bundled with its proprietary tracking and information system that helps improve the value chain in the logistics market. The Axios bundled offering is gaining market acceptance based on its unique attributes: lower total cost, longer useful life, customized configurations and a revenue stream through carbon credit generation, monitoring and the monetizing of carbon emissions reductions. 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 National Stock Exchange (CNSX) under the symbol AXA.

Further information concerning the Company can be found at, and

About Ongweoweh Corporation
Established in 1978, Ongweoweh Corp., a Certified Minority Business Enterprise, is a full service, sustainable pallet procurement management organization that serves public and privately-owned companies across North America. Ongweoweh utilizes industry-approved logistics software to enable the 30 million pallets the company services each year to be tracked using real-time monitoring. Ongweoweh's unique service approach, including its 500+ service and product partners, reduces overall costs for its clients by ensuring safe delivery of assets and enabling pallets to be recovered, reused and recycled through its reverse logistics program. Ongweoweh belongs to the National Minority Council (NMSDC) and the Sustainability Packaging Coalition (SPC).

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

    Michelle Culver
    Lambert, Edwards & Associates
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