I wrote about AXLX not long ago as the stock was breaking out. http://pennystockgurus.blogspot.com/2013/02/axlx-surges-100-on-acquisition-news.html
Today the stock continued its upward price pressure hitting a high of $.0029 and currently trading at $.0025 a share. It broke through major moving average resistance and looks poised to make new highs this year.
This news helped push the stock higher today:
Axiologix Enters Into $800,000 Equity Transaction With Institutional Investor Ironridge Technology Co. - Underpinning Growth And Acquisition Strategy
PR Newswire "Press Releases US - English"
SARASOTA, Fla., Feb. 26, 2013 /PRNewswire/ --Axiologix, Inc. (www.axiologix.net) (AXLX.PK), an
As a result of the transaction,
Vincent Browne, Chairman and Chief Executive of
"We are impressed with what Vincent and the team at
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.