Axiologix Enters Into $800,000 Equity Transaction

New Post Public Reply Private Reply Replies (0) Message Board
fitzkarz

Axiologix Enters Into $800,000 Equity Transaction With Institutional Investor Ironridge Technology Co. - Underpinning Growth ...

Axiologix, Inc. (PC) (USOTC:AXLX)
Intraday Stock Chart

Today : Tuesday 26 February 2013

Click Here for more Axiologix, Inc. (PC) Charts.

SARASOTA, Fla. , Feb. 26, 2013 /PRNewswire/ -- Axiologix, Inc. ( www.axiologix.net ) (AXLX.PK), an International Technology and Services Organization focused on delivering 'Cloud' Products and Services, today announces it has settled over $800,000 in debt and trade payables, removing these obligations from its balance sheet, in exchange for issuance of common stock to Ironridge Global Technology, an institutional investor specializing in direct equity investments in telecommunications, electronics, computer, and technology companies.

As a result of the transaction, Axiologix has turned secured debt and other strategic payables on the balance sheet into equity. This has significantly strengthened the balance sheet position that will give existing customers more confidence, support the Company's acquisition process and allow the positive cash flows currently created in the business to be focused on growth rather than debt servicing. Full details of the transaction can be found in a Supplemental Information Statement filed today at www.otcmarkets.com/stock/AXLX/filings .

Vincent Browne , Chairman and Chief Executive of Axiologix, Inc. said , "This is a hugely important event for us and comes at a great time for our Company. We recently announced the completion of a Letter of Intent to acquire a leading IP voice and data operator and having such a supportive and strong investor come into the business at this time underpins our ability to close this and other transactions. I would like to thank Ironridge for their confidence in Axiologix and our strategy and we look forward to a very rewarding partnership going forward."

"We are impressed with what Vincent and the team at Axiologix have achieved so far," commented John C. Kirkland , Managing Director of Ironridge Global Partners. "Cloud computing is growing at an unprecedented rate. Gartner predicts it will be over the $148 billion mark by 2014, much greater than Forrester's forecast of over $118 billion for the same year. Analysts and leaders in the cloud computing sector have agreed upon one thing: the global demand for hosted IT services will push cloud computing's rapid growth as cloud-based solutions continue to offer significant resolutions for organizations of all types and sizes. We are very pleased to complete this first transaction with Axiologix and look forward to an exciting future with them in this exciting sector."

About Axiologix, Inc.

Axiologix, Inc. is an International Technology and Services Organization focused on delivering Cloud-based Products and Services to small and medium sized businesses primarily in the United States and to operators globally. Axiologix is headquartered in Florida , with international operations in Dublin, Ireland . Additional information may be found at www.axiologix.net

About Ironridge Technology Co.

Ironridge Technology Co. is a division of Ironridge Global IV, Ltd. that specializes in direct equity investments in telecommunications, electronics, computer , and technology companies. Ironridge Global is an institutional investor, making direct equity investments in small cap public companies. The firm seeks to be a long-term financial partner, assisting public companies in financing operations and expansion by supplying innovative funding solutions and flexible capital. The firm does not desire to influence or control management, will not restrict use of proceeds, requires no restrictive covenants, and will never take an affiliate or control position. Ironridge Global exclusively places its trust in current management with a strong vision for accelerated growth and increased shareholder value. For more information on Ironridge Global, please visit www.IronridgeGlobal.com .

This press release contains forward-looking statements. Words such as "expects", "intends'', "believes'', and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies , the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE Axiologix, Inc.

Copyright 2013 PR Newswire

I'm in it to win it!

NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.

I was born with it, I'm truly blessed!


Alway's searching for winners'
937206596_images.jpg
Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI Coding Models' Self-Reporting Under Scrutiny with New Tool

Updated Category News Views 6

Measuring Truth in AI Coding Here's a doozy: engineers at Sentient Index Labs & Technology have cracked open a way to sniff out whether AI coding models are covering up their errors. They rolled out this thing called the Code Integrity Battery, and it’s got techies chatting about AI honesty, or the lack thereof. It's not about AI writing shoddy code; that we can handle....

Continue Reading
EnGenius Names Experienced VP to Boost Sales Growth

Updated Category News Views 3

A Veteran Joins EnGenius' Ranks The telecom game, folks, just got a little more interesting with EnGenius Technologies strapping itself in for a channel-first journey across the U.S. and Canada. They've placed a seasoned player, Rachel Saunders, into the cockpit as Vice President of Sales, North America. Her resume reads like a telecom scout's dream: 17 years in electric...

Continue Reading
Linkind's Light Stick Revolutionizes Retail Lighting Experience

Updated Category News Views 5

Transforming Lighting in Retail Spaces Folks, let's talk lighting. Not the humdrum switch-you-on kind, but something much snazzier, more customized, and downright interactive. I'm talking about Linkind's latest brainchild—the Smart Light Stick. Launched amidst the neon rush of tm:rw in New York City, this gizmo isn't just another bulb in the home improvement aisle. It's...

Continue Reading
WareSpace Expands Reach With $36.5M Acquisitions

Updated Category News Views 3

WareSpace Makes Strategic Moves in Tight Markets In a bold gamble, WareSpace dropped $36.5 million to snag fresh industrial real estate in Miami Gardens, Florida, and South San Francisco, California. These aren't random picks, mind you. They're strategic grabs in markets where finding space ain't easier than winning the lottery. With more than 210 flexible units for small...

Continue Reading
Bud Ecosystem Debuts AIOS, Aims to Slash Costs

Updated Category News Views 7

AI Fragmentation Tax: Cut It Out! Look, if you think AI is all about fancy algorithms and self-learning voodoo, you're missing the plot. It's the nuts and bolts—the infrastructure—that's been bleeding enterprises dry. That's where Bud Ecosystem comes thrashing in with its Novaria AIOS. They're not just promising a tiny tune-up; they're talking slashing AI costs by a...

Continue Reading
EmpowHer Grants Propel Female-led Social Ventures Forward

Updated Category News Views 9

Every now and then, you stumble upon a story that makes you take off your trading hat and put on your 'citizen of the world' one. The Boundless Futures Foundation is doing just that, pushing past the $1.5 million mark in grant funding to back female founders creating real scale impact. If this doesn't sound like a nonprofit turning the gears of change, I don't know what...

Continue Reading
Airswift's Strategic Acquisition Boosts U.S. Energy Presence

Updated Category News Views 6

What's Driving Airswift's Latest Expansion? Airswift just dropped a bombshell by snapping up key businesses from New Tech Global (NTG), marking a serious power move in the U.S. energy sector. Now, what does this actually mean for investors? In blunt terms: they're muscling up their contractor base by a meaty 30%. That's no small feat. It's a calculated step to ace the...

Continue Reading
Metriport Eyes Major Step in Health Data Integration

Updated Category News Views 6

Metriport's Push into the TEFCA Framework Son of a gun, Metriport's making noise in the health data world! They just got the nod as a Candidate QHIN under the Trusted Exchange Framework and Common Agreement, or TEFCA if you're into acronyms. This isn't just some digital high-five; it's a significant stride forward for healthcare data exchange. Now they're smack in the...

Continue Reading
Chad Tucker's Sequel Explores Deep Spiritual Themes

Updated Category News Views 6

An Honest Take: Faith, Growth, and Surrender A player in the world of spiritual growth literature has stepped up again, and it ain't holding back. Chad Tucker, a name perhaps familiar to folks following transformation tales soaked with faith, has released a beefy sequel to his first hit: The Lord in Us: If You Can Love an Enemy, You Can Love Anyone. Well, now he's back...

Continue Reading
Celebrating Appalachian Soul with Aristotle Jones

Updated Category News Views 6

Igniting a Celebration of Appalachian Soul Now here's a sound that hits you right in the gut. Aristotle Jones, known out there as the 'Appalachian Soul Man,' is making a big move. He's laying out the plan to make July the Appalachian Soul Month. This fellow isn't shy about celebrating the deep roots of Appalachian music, dropping his album Appalachian Soul Power and a new...

Continue Reading

Top 5 Most Recently Viewed Articles

TransUnion Welcomes Monevo to Enhance Credit Offerings

Updated Category News Views 166

TransUnion Completes Strategic Acquisition of Monevo TransUnion has successfully finalized its acquisition of Monevo, a prominent platform specializing in credit prequalification and distribution. This acquisition, recently announced, highlights TransUnion's commitment to enhancing its offerings and providing better service to lenders and consumers alike. The Significance...

Continue Reading
Insights into Jyske Realkredit's Upcoming Early Redemptions

Updated Category News Views 126

Understanding Preliminary Data on Early Redemptions Jyske Realkredit has recently provided crucial preliminary data surrounding the early redemptions, also known as prepayments, applicable to the bonds they have issued. This communication is significant for current and potential investors, facilitating informed decisions within the financial landscape. What are Early...

Continue Reading
Acetonitrile Market: Growth Fueled by Pharmaceuticals

Updated Category News Views 7

Unraveling the Acetonitrile Market’s Surge Dipping our toes into the chemical seas, it’s clear that acetonitrile isn’t playing second fiddle to anyone these days. This is one solvent riding a wave of growing demand, with projections expecting the market to balloon from $325.2 million in 2025 to a whopping $567.5 million by 2035. Fundamentally, this solvent has its...

Continue Reading
Target Circle 360 Expands Access with No Markup Same-Day Delivery

Updated Category News Views 498

Enhanced Delivery Benefits with Target Circle 360 The Target Circle 360 program is leading the way in revolutionizing the membership experience by offering its members the benefit of same-day delivery without any price markups. This unique feature ensures that members save both time and money while enjoying the convenience of having groceries and essentials delivered...

Continue Reading
Regal Rexnord Corporation Announces Earnings Call for Q4 2025

Updated Category News Views 136

Understanding Regal Rexnord Corporation's Upcoming Earnings Call Regal Rexnord Corporation (NYSE: RRX) is gearing up to share key insights during its upcoming fourth quarter earnings call. Scheduled for early February, this event will follow the release of their financial results for the quarter, giving investors and analysts a chance to discuss and understand the...

Continue Reading