Axiologix Strengthens Management with Appointment of Industry Veteran as President of Telecom Operat
Axiologix Strengthens Management with Appointment of Industry Veteran as President of Telecom Operations and New Board Member
BEDMINSTER, N.J.--(BUSINESS WIRE)-- Axiologix, Inc. (www.axiologix.net) (AXLX.PK), an International Technology and Services Organization focused on delivering 'Cloud' Products and Services today announced that it has recently appointed Mr. Dennis Mitrano, a telecoms and technology veteran, as President of Telecom Operations. Mr. Mitrano has also been elected to the board of directors of the Company on September 21, 2012.
Mr. Mitrano became President of Telecom Operations of AXLX on August 17, 2012. Mr. Mitrano has over 30 years experience successfully bringing technologies and companies to market. Prior to joining Axiologix, Mr. Mitrano was President of DayStar Communications, a leading CLEC telecom operator in Florida, and he will continue in that position through the closing date of its pending acquisition that is due to close imminently. Mr. Mitrano is also currently President & CEO for Realistic Solutions, Inc. and has served in that capacity since July 1992. Mr. Mitrano holds an MBA from George Washington University, majoring in Finance and International Business, and received a Bachelor of Science in Finance from Virginia Tech. He is also currently on the advisory boards of two early stage firms, is an Executive Advisory Board member of ATP (Association for Telecom Professionals) and has been involved with TAG (Technology Association of Georgia) for over 10 years. Further details of Mr. Mitrano's biography and employment terms are outlined in a Supplemental Information Statement filed today with the OTC Markets Group through the OTC Markets News and Disclosure Service which can be found at http://www.otcmarkets.com/stock/AXLX/filings.
Commenting on his appointment Mr. Mitrano said "I am delighted to be joining Axiologix at this thrilling stage in its development. The strategy is correctly focused and timely as the market continues to grow but also becomes more competitive as a result. Executing the plan of rolling-up profitable independent telecom operators to build a sustainable nationwide provider of telecoms and cloud services to small business in the United States and beyond is very exciting. There already is a strong pipeline of candidates and partner companies that bring new offerings to market. It will be a very busy, and rewarding, future for us and I am ready for the new challenge."
Vincent Browne, Chairman and Chief Executive of Axiologix Inc., said, "This is a further concrete step in the development our business and brings a new dimension to our operations. I am clearly thrilled that Dennis has committed to our plans and his confidence in what we are building here at Axiologix. He has a wealth of experience in both acquiring and consolidating businesses at all stages of growth and will be instrumental in executing our roll-up strategy. I look forward to working closely with him as we build a market leading company."
About Axiologix, Inc.
Axiologix Inc. is an International Technology and Services Organization focused on delivering Cloud-based Products and Services to small and medium sized businesses primarily in the United States and to operators globally. Axiologix is headquartered in New Jersey, with international operations in Dublin, Ireland. Additional information may be found at www.axiologix.net.
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 Securities and Exchange Commission and 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.
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