SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

May 06, 2016 07:00 ET

Axios Receives New Orders in US Midwest, Southeast

MISSISSAUGA, ON--(Marketwired - May 6, 2016) - Axios Mobile Assets Corporation (TSX VENTURE: AXA) ("Axios" or the "Company") announced today that it has received orders to provide the Axios pallet and technology platform to two facilities operated by a new customer that ranks as one of the largest egg producers in the United States. Onboarding of the Axios Solution to the facilities, located in the US Midwest and Southeast, is scheduled to begin in the second quarter of 2016.

The new orders build upon an existing presence in these regions and will increase Axios' pallet density in established delivery lanes. Once service begins, a total of seven major egg and egg product producers will be using Axios pallets and logistics. Most of the pallets in the Axios fleet are currently utilized by the egg industry, reflecting a sanitization and biosecurity profile that makes the platform particularly well-suited to transporting and tracking perishable foods.

"Axios is pleased to have received two significant orders from a new customer and our team is looking forward to beginning work with their facilities as soon as possible," said Richard MacDonald, President and CEO of Axios Mobile Assets. "The orders reinforce our presence in the Midwest and Southeast markets and will enable us to further enhance the efficiency of our local operations."

About Axios Mobile Assets
Axios Mobile Assets Corporation is a supply chain logistics company that is rapidly becoming a key supplier of pooled pallets, primarily to the perishable food industry. The Company's proprietary pallet-based tracking and information system delivers actionable data to help improve supply chain visibility and food safety. Unique attributes of the system include lower total cost, high biosecurity standards, real-time data and lighter weight thanks in part to proprietary compounds used in molding the company's pallets. Axios is the only pallet pooler in the world with SQF certification in the Provision of Sanitation and Hygiene Services category.

Further information concerning the Company can be found at www.axiosma.com and www.sedar.com.

Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the timing of the onboarding of the Axios Solution by this new customer. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's Management's Discussion and Analysis for the period ended December 31, 2015 under the heading "Risk Factors", a copy of which is filed on SEDAR at www.SEDAR.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.

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Contact Information

  • CONTACT:
    Richard MacDonald
    President & CEO
    Email Contact
    877-762-9467 x601

    Peter Murray
    Shareholder Contact
    Email Contact
    778-839-8382