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Axiologix, Inc. Files Report For First Fiscal Quarter Ending August 31, 2013 - Last Report Expected To Be Filed Via OTC Markets Prior To Re-Filing With The SEC
Axiologix, Inc. Files Report For First Fiscal Quarter Ending August 31, 2013 - Last Report Expected To Be Filed Via OTC Markets Prior To Re-Filing With The SEC.
About this update from Axiologix Inc
[{"type":"text","content":"\n\n\n\nAxiologix, Inc. Files Report For First Fiscal Quarter Ending August 31, 2013 - Last Report Expected To Be Filed Via OTC Markets Prior To Re-Filing With The SEC\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.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n\n\n\n\n\n\nAxiologix, Inc. Files Report For First Fiscal Quarter Ending August 31, 2013 - Last Report Expected To Be Filed Via OTC Markets Prior To Re-Filing With The SEC\nPR Newswire\nSARASOTA, Fla., Nov. 20, 2013\n\n\n\n\n \n\n \n\n \n\n\nSARASOTA, Fla., Nov. 20, 2013 /PRNewswire/ -- Axiologix Inc. (www.axiologix.net) (Pinksheets: AXLX), an International Technology and Services Organization focused on delivering 'Cloud' telecom Products and Services, today announced that it has recently filed unaudited results for the three months ended August 31, 2013, via the OTC Markets Disclosure & News Service. The Company expects this to be the last report filed with the OTC Markets Disclosure Service prior to the filing of an SEC Form 10 with the Securities and Exchange Commission that will see the Company quoted on the OTC-QB market tier when effective.\n\nKey results of the unaudited results were:\n\n\nRevenues of $187,336 for the quarter ending August 31, 2013 versus $207,600 revenues for the same quarter in the previous year. \nGross margins dropped slightly to 92% for the current year, from 95% the previous year. \nEBITDA for the current quarter was a loss of $99,311 versus a loss of $80,786 for the same period the previous year. \nNet Loss for the year ending May 31, 2013 was $177,234 down slightly from $209,931 for the same period last year due to lower interest charges. \nCash used in operations for the quarter was $58,714 versus cash generated of $10,404 for the prior year. \nCash increased by $6,786 for the current quarter...