|By Business Wire||
|August 21, 2012 10:01 AM EDT||
Axiologix Inc. (www.axiologix.net), (AXLX.PK) an International Technology and Services Organization focused on delivering ‘Cloud’ Products and Services today issues guidance on the expected revenues and growth from existing operations and planned acquisitions for the financial year ending May 31, 2013. Existing operations are set to report $1 million for the full year with new additions, subject to successful completion, slated to deliver over $3 million in the current financial year resulting in a 2,000 percent revenue growth year to year.
The market for VoIP services in the U.S. continues to grow rapidly, particularly on mobile devices. Infonetics Research recently forecast the combined business and residential/SOHO VoIP services market to grow to $74.5 billion in 2015. The Telecoms Industry Association see the VoIP share of total U.S. residential and business phones lines reaching 37% and 10% respectively by 2015.
Vincent Browne, Chairman and Chief Executive of Axiologix, said, “It is important that the investment community better understand the expected financial impact of our plans for the current year and beyond. Therefore, we have elected to issue this guidance as an aid to that process. The company is currently in discussions with a number of exciting Cloud based companies operating in fast growth markets that will be announced with further details once final terms have been agreed shortly. Existing operations continue to perform well providing a solid platform to build from for the remainder of the year.”
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 New Jersey, with international operations in Dublin, Ireland. Additional information may be found at www.axiologix.net.
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 Securities and Exchange Commission and 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.