Business
Axiologix, Inc. Committed to No Reverse Split and Continues to Build Revenue With Company's Cloud Technology Solutions
Axiologix, Inc. Committed to No Reverse Split and Continues to Build Revenue With Company's Cloud Technology Solutions.
About this update from Axiologix Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nAxiologix, Inc. Committed to No Reverse Split and Continues to Build Revenue With Company's Cloud Technology Solutions\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nAxiologix, Inc. Committed to No Reverse Split and Continues to Build Revenue With Company's Cloud Technology Solutions\n\nPR Newswire\n\nSARASOTA, Fla., April 23, 2013\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n \n\n\nSARASOTA, Fla., April 23, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (AXLX.PK), an International Technology and Services Organization focused on delivering 'Cloud' Products and Services, announced today that the Company is committed to increasing shareholder value and no reverse split for its stock.\n\n\n\n\nAdditionally, according to data at OTCShortreport.com (http://otcshortreport.com/index.php?index=AXLX&action=view) while over 180 million shares traded on April 16th and 17th, short volume exceeded 90 million shares or about half of the total volume.\n\n\n\n\nVincent Browne, Chairman and Chief Executive of Axiologix, Inc. said, \"Following some enquiries from our shareholders relating to a potential reverse stock split, I would like to confirm we have no plans to execute a reverse split on the stock of our Company. We are committed to increasing shareholder value by building a robust and sustainable business. Therefore, we see no need and no reason to substantially decrease shareholder value through a reverse split.\"\n\n\n\n\nMr. Browne continued, \"I have no idea why our stock is such a target for the short side of the market. We expect to continue to increase revenues quarter to quarter and organically grow our Company, and we are also pursuing strategic acquisitions, as previously announced, that will substantially increase our cash flows if completed. We will continue to build our business with our marketing campaigns, including exhibiting at future Cloud Technology trade shows and conferences as appropriate. The marketplace has a way of working itself out, and regarding the short position, our best response is by increasing our enterprise v...