Axiologix, Inc. Enters Potential $10 Million Annual Revenue Joint
Venture
SARASOTA, Fla., May 2, 2013 /PRNewswire/ -- Axiologix, Inc.
(www.axiologix.net) (OTC: AXLX), an International Technology and
Services Organization focused on delivering Cloud-based Products
and Services, today announces a joint venture company, Axiocomm
LLC, in equal partnership with ePath Communications, a Florida based company deploying municipal
wireless broadband networks. The joint venture has a potential
annual revenue stream of $10 million.
50% percent of revenues and profits will be booked to Axiologix,
Inc.
The Joint Venture (JV), known as Axiocomm LLC, is leveraging
ePath's deep relationship with a large national training
institution, to market Axiocomm's Voice, Data and Cloud services,
under license, to a proven database of over 2,000,000 key decision
makers or key influencers in the purchase of such services for
large and small businesses across the
United States. Dennis
Mitrano, Axiocomm's CEO, is the managing member of the JV
and will manage day-to-day operations. Florida will be the first market addressed
given its proximity and will grow state-by-state thereafter.
Axiocomm provides the telecom and cloud services offered by the
JV using its existing network and systems. ePath will share equally
in the net profits generated by the JV. Axiocomm expects to
generate revenues of between $300 and
$1,000 per month per customer based on initial analysis,
with gross margins above 40%.
Joe Tortoretti, President and CEO of
ePath Communications and also CEO of New Horizons Computer Learning
Centers Gulfcoast Florida said, "I am very excited to finally
get this project underway as I have been looking for the right
partner with the right competitive and compelling services to
address the needs expressed to me over the years by many of the
people we are targeting. It also benefits the training organization
as they receive a percentage of the JV revenues under the license
agreement."
Dennis Mitrano, CEO of Axiocomm and
President of Telecom Operations Axiologix, Inc., commented,
"This is another significant event in our ongoing journey to
build a nationwide, market leading provider of cloud services to
businesses across the U.S. – just like those of the decision makers
targeted with this relationship. We are able to serve these new
customers on a national basis, providing our advanced services at
competitive prices that save. Capturing less than 1% of the contact
base over the next few years would give us nearly 20,000 customers
generating about $10 million per year
in revenues."
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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 ePath Communications, Inc.
ePath Communications, headquartered in Tampa, FL, helps firms and government
municipalities conquer the digital divide, encourage economic
development and create a greater sense of community among residents
and visitors through the use of wireless broadband technology.
ePath is leading the charge in deploying wireless broadband
networks. Additional information may be found at
www.epathcommunications.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.