VAUGHAN, ON--(Marketwire -04/06/12)- Axios Mobile Assets Corporation (CNSX: AXA), a leading logistics enabler featuring next generation, bio-based pallet technology, today announced the appointment of Grant Thornton LLP (Grant Thornton) as its independent registered public accounting firm effective February 15, 2012.
Prior to engaging Grant Thornton, John Scholz had served as the Company's independent registered public accounting firm since January 1, 2010. The decision to change auditors was not the result of any disagreements between the Company and the former firm on any matters of accounting principles or practices, financial statement disclosures or auditing scope or procedures.
"We view our engagement with an auditing industry leader such as Grant Thornton as a positive step toward aligning ourselves with highly regarded partners that understand our needs and will be a valuable resource to us on our continued path of growth," said Richard MacDonald, president and CEO of Axios. "Grant Thornton's worldwide presence, combined with vast experience working with companies of our size, offers our shareholders a strong combination of high-quality service and extensive experience. We are looking forward to a long and successful relationship."
About Axios Mobile Assets
Axios Mobile Assets Corp. is a logistics enabler, featuring next generation, bio-based pallet technology, which can be bundled with its proprietary tracking and information system that helps improve the value chain in the logistics market. The Axios bundled offering is gaining market acceptance based on its unique attributes: lower total cost, longer useful life, customized configurations and a revenue stream through carbon credit generation, monitoring and the monetizing of carbon emissions reductions. Axios was incorporated under the Business Corporations Act (Ontario) and is a reporting issuer in the Province of Ontario. Axios is traded on the Canadian National Stock Exchange (CNSX) under the symbol AXA.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Axios and the pallet management company are able to agree on the terms of a definitive supply agreement, and whether Axios is able to meet price, performance, quality and delivery requirements. Axios undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.