The stock recently hit as high as $.0013 on news its was acquiring "100% of a leading California based provider of IP voice, data and managed services to small and medium enterprises (SMEs) across the United States. ".
Let's see if the stock can break the early 2013 highs and make a move over $.002 in the short term.
Axiologix To Acquire Leading Provider Of IP Voice, Data And Managed Services With Revenues Exceeding $6M Per Year.
PR Newswire "Press Releases US - English"
SARASOTA, Fla., Feb. 20, 2013 /PRNewswire/ --
Completion of the acquisition would bring immediate additional annual revenues in excess of $5 million to the group and is EBITDA positive. When consolidated with other pending acquisitions in the VoIP market, the combined operating costs can be reduced due to shared common services and network cost reductions, therefore generating more positive income from the existing revenue streams when combined.
Dennis Mitrano, President of Telecom Operations at
Vincent Browne, Chairman and Chief Executive of
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