Axios Mobile Assets Announces Non-brokered Private Placement of $0.90 Units - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - November 25, 2015) - Axios Mobile Assets Corp (CSE: AXA) (OTCQB: AXBSF) has announced a non-brokered private placement, with plans to raise between $13 and $18 million. The offering will consist of units priced at $0.90 with each unit comprising one common share and one full warrant, with each warrant exercisable at $1.50 for a period of 36 months.

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Axios, a supply chain logistics company, is becoming a key supplier of pooled pallets, primarily in the perishable food sector. The company's logistics solution combines physical pallets engineered from advanced material, with a sophisticated technology platform that tracks and monitors each load to enable enhanced operational effectiveness.

The company's bio-based pallets provide significant advantages over competing products, as they are made completely of recyclable materials, are lighter, more durable and more cost-effective on a per trip basis than the wooden pallets that currently dominate the market. Axios pallets are produced using a proprietary manufacturing process that requires less equipment, labor, time and capital investment.

The Axios logistics system, which incorporates GPS-enabled RFID tracking capabilities, is truly disruptive to the existing logistics market, delivering the lowest cost per trip and offering a decreased carbon footprint.

The North American annual replacement market for pallets is estimated to be US$5 billion, accounting for over 2 billion pallets in use every day. On an annual basis, 12-25 percent of wood pallets are in need of replacement.

Richard MacDonald, President and CEO stated: "Axios had a strong quarter, with revenue more than doubling compared to the three months previous. Although our net loss expanded, this reflected higher production to meet demand from both existing and new customers for our RFID equipped pallets and logistics services. Our pallet contracts continue to generate recurring revenue in US dollars, so each month draws us closer to the point at which revenue will begin to outstrip investment in production."

The company recently announced that it had reached an agreement in principle to acquire all of the issued and outstanding shares of Axsense Inc. Axsense has developed a proprietary sensor and system which Axios believes will enhance its pallet systems by adding a device that can provide temperature sensing, and potentially also shock sensing, CO2 sensing and GPS sensing. Axios plans to issue up to $2.5 million of units, with each unit consist of one common share and one full purchase warrant, with each warrant exercisable under the same terms as the proposed private placement.

The company's shares are trading at $1.01 and with 23.6 million shares outstanding, the company is capitalized at $23.8 million.

For more information, please visit the company's website www.axiosma.com, contact Richard MacDonald, President & CEO, at 877-762-9467 ext 601 or email rmacdonald@axiosma.com. Investor relations is handled by Peter Murray, who can be reached at 778-839-8382 or email pmurray@axiosma.com.

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