SOURCE: Axium Technologies, Inc

March 08, 2007 09:30 ET

Axium Technologies Announces Agreement With Samsung Techwin to License Maximum and Network Video Recorder Products

Agreement Estimated to Add an Additional $1.0 Million in Revenues

PASADENA, CA -- (MARKET WIRE) -- March 8, 2007 -- Axium Technologies, Inc. (PINKSHEETS: AXGI) is pleased to announced the completion of a licensing agreement with Samsung Techwin for its Maximum Software and the Software-Based Network Video Recorder Products.

The term of the agreement is two (2) years and includes terms for automatic renewal. The agreement calls for Axium to create versions of the Maximum Software and the Network Video Products that specifically operate with the Samsung Techwin suite of Digital Video Recorders. The initial delivery of products is scheduled for 4th quarter of 2007. When the integration work is completed Axium will retain industrial and intellectual property rights for the products. When under full production this agreement will deliver a minimum of $1.0 million annually.

Mr. WonSoo Chung CEO of Axium Technologies stated, "This agreement provides Axium yet another world class distribution channel for our products. We see this agreement as a stepping stone to greater revenue opportunities with Samsung Techwin in the future. This agreement also provides Axium a clear advantage in the Security and Surveillance sector, as a supplier of software-based solutions."


Axium Technologies, Inc is a leading provider in surveillance security systems software and hardware. The company maintains its corporate presence in Pasadena, CA and its Research and Development Facility in South Korea.

The Company's primary products include MAXIMUM Surveillance Software, which is the key solution providing interoperability for numerous digitalized security and surveillance products from diverse manufacturers. The Company's Digital Video Recorders (DVRs) and Network Video Products (NVPs) are targeted at the Security and Surveillance segment of the gaming industry. The Company's newest product "Tagger Trap " is a state of the art graffiti detection product, which detects and alarms local police of graffiti activity. The estimated cost of graffiti clean up in North America is projected at $1.0 billion annually. Millions of dollars have been budgeted in the past year by large metro police departments to detect and apprehend graffiti taggers.

During 2006, Axium Technologies redeployed much of their resources, both fiscal and headcount, to complete development of its current suite of products. In doing so, its 2006 revenues is expected to reach $1.04 million, with revenues for 2007 presently projected to be $13.9 million, with net margins of approximately 33% of revenues.

FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Security and Surveillance industry; the positioning of Axium products in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Axium Technologies can successfully develop new products and the degree to which these products gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.

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