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Axiologix, Inc. Signs Definitive Agreement To Acquire Assets Of International Money Management Inc. To Strengthen Money Transfer Portfolio
Axiologix, Inc. Signs Definitive Agreement To Acquire Assets Of International Money Management Inc. To Strengthen Money Transfer Portfolio.
About this update from Axiologix Inc
[{"type":"text","content":"\n\n\n\nAxiologix, Inc. Signs Definitive Agreement To Acquire Assets Of International Money Management Inc. To Strengthen Money Transfer Portfolio\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\nAxiologix, Inc. Signs Definitive Agreement To Acquire Assets Of International Money Management Inc. To Strengthen Money Transfer Portfolio\nPR Newswire\nATLANTA, Feb. 3, 2015\n\n\n\n\n \n \n  \n \n \n   \n \n \n\n\n\n\nATLANTA, Feb. 3, 2015 /PRNewswire/ -- Axiologix Inc. (www.axiologix.net) (Pinksheets: AXLX), operating in the rapidly growing Mobile Payments and International Remittance markets, today announces that it has completed definitive agreements to acquire certain assets of International Money Management Inc. (\"IMM\"), based in Irvine CA. The transaction is subject to certain closing conditions that include Axiologix securing new investment of a minimum of $500,000 in funding to coincide with closing this transaction. Interested parties have committed the required funding and Axiologix will now move to complete the acquisition and funding transactions as soon as possible, currently expected to be within the first calendar quarter of 2015.\n\nIMM markets a U.S. issued prepaid debit card that is uniquely affiliated with a distinctly independent foreign bank debit card, allowing money to be transferred to the foreign country via a \"person-to-person\" conveyance. This new financial service permits working immigrants to share money with debit card holders faster, better and far less expensive then currently available options. It also uniquely offers the ability to pay bills or insurance premiums due in their home country of origin or even to withdraw money in the U.S. or internationally using their IMMCard.\n\nThe two companies have been conducting requisite due diligence since the signing of a letter-of-intent in July 2014 resulting in this asset purchase agreement. The current IMM management team will remain with the combined business on completion to expand their business to enhance Axiologix management. \n\nFull details of the transaction have been posted on t...