SOURCE: Axium Technologies, Inc.

April 17, 2007 08:00 ET

Wall Street Resources, Inc. Releases an Analytical Profile on Axium Technologies, Inc. With 12-Month Target Value of $2.15

PASADENA, CA -- (MARKET WIRE) -- April 17, 2007 -- Axium Technologies, Inc. (PINKSHEETS: AXGI) is pleased to announce the release of an analytical profile on the Company, by respected micro-cap analyst Mr. Paul Silver, Director of Research for Wall Street Resources, Inc., which contains a 12-month target value for AXGI of $2.15 per share.

The free report is available at: The 36-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks. Wall Street Resources, Inc. is a professional research and consulting firm and its principals have over 15 years of experience providing analysis for emerging growth companies and information to the investment community.

"We are very pleased to provide investors with a clearer picture of Axium Technologies with this report," said Mr. Won Soo Chung, the CEO of Axium Technologies. "This report covers virtually every aspect of the Company and we are confident that it will help outsiders better understand Axium Technologies."

Mr. Silver stated, "Axium Technologies' state-of-the-art Maximum software is the only product on the market that is able to successfully integrate different branded and different versions of digital technologies into a homogenous security network. Based on the strong level of interest from some of the leading DVR manufacturers in the world, in addition to a line of innovative security-related hardware products, we believe that Axium can capture a meaningful share of the deep and growing multi-billion dollar electronic security market."


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 its 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.

About Wall Street Resources, Inc.:

Wall Street Resources, Inc. and its affiliated site is a leading source for information on micro-to-small capital publicly traded companies. Wall Street Resources (WSR) acts as a conduit between micro-to-small capital company investors and emerging growth companies through its proprietary financial publications including daily and monthly newsletters, as well as comprehensive 20-50 page featured company reports. To sign up to receive WSR's financial publications go to : WSR also provides business consulting services to help corporate executives by writing analytical reports, building financial models, and developing business plans.

Disclaimer -- We, our affiliates, and any officer, director or stockholder or any member of their families may have a position in and may from time to time purchase or sell any securities discussed in our financial publications. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. Our associates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in our reports. WSR is a consultant to the Company and has received $15,000 in cash and 60,000 shares of 144 restricted stock for due diligence fees and consulting services from February of 2007 through September of 2007.


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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