AXESS MEDIA Bets on Small-Cap Bulls; Company Becomes Newest Dot Com to Prepare for a Small Cap Market Rally.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--July 27, 2001 The AXESS MEDIA Group, Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AXMG), a publicly traded development-stage Internet production and multimedia holding company, Friday announced that it has expanded its network of prospective market makers into New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Washington, D.C., Toronto, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Vancouver and Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. in order to take advantage of an expected rally in small-cap stocks. USA Today USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. reported on July 26 that "while the market appears to be going nowhere in the face of an ugly profit recession, many obscure, no-name stocks are quietly rising." The "average" stock is doing better than the major indexes. The S&P 600 small-cap index is up 1.5% for the year and 57 percent of the 6,000-plus small-cap stocks tracked by Ned Davis Research have posted gains this year. The median gain of small caps See Small capital for the year is reported at 6 percent; while the Dow is down 3.5 percent and the Nasdaq has plunged 19.7 percent. "As a micro-cap/small-cap company, we have historically done better than our competitors when the broader markets are in a downturn," said AXMG Chairman Michael Grandon. "We are looking to investors who recognize the buying opportunities amongst a select group of small-cap 'diamonds in the rough.' "We expect the rally in small-caps to continue to build and lead the charge back into quality dot com dot com - com issues." AXESS MEDIA's predecessor public company, BioLogix International, Ltd. (formerly OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BGIX), reportedly returned over 1,100 percent to its shareholders during the five years prior to a take-over bid in late 1999. BioLogix reorganized in 2000 under its standing leadership and merged with AXESS MEDIA earlier this year. AXMG was approved by the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and OTCBB for active trading on the OTC public market on May 30, 2001. About AXESS MEDIA Group Las Vegas-based AXESS MEDIA Group is a publicly traded development-stage company comprised of a diverse array of Internet-based business-to-business, business-to-government and business-to-consumer website applications. AXESS MEDIA's proprietary websites currently under development include: THE EDUCATION CHANNEL, for customized learning and online tutoring; VOTRON, for online voting; AXESS INSURANCE, the world's first truly paperless insurance company; HIGHER WEALTH, a portal for charitable giving and creating your own foundation; axessTV, television-style Internet programming; MUSIX, Internet live events, music and entertainment; BIOEXCHANGE, one of the world's leading biotechnology industry portals; THE ART CHANNEL, exploring the world of art; VIRTUCARE, a window to the world of virtual health care; RADIOGLOBO, listening to a universe of online radio stations; UP SMART, an Internet incubator for future innovations; as well as BIOLOGIX, which now focuses on medical research. Recent additions to AXESS MEDIA Group's website portfolio are: THE CHILDRENS CHANNEL and AXESS KIDS, for both fun and learning experiences online; CYBERNET CYBERNET Network of Control Data Corporation TRAVEL, end-to-end adventure, romance, family and fitness travel; E-VAULT, an electronic "lock-box" for the secure distribution of music, art, and other intellectual property over the Internet; AXESS EDUCATION, for "learning anywhere anytime"; AXESS HEALTH, which enables patients to manage their own health care from anywhere in the world; axessTV's STUDIO E-ONE, for producing "Internet the way television should be"; AXESS MUSIC, which is targeted at empowering independent artists, studios and producers; AXESS FILM, for producing and distributing "first run Internet" movie or video shorts; AXESS VENTURES, as a ".com Diversified" fund; and AXESS ENTERTAINMENT, for finding the "Best of the Web" in music, television art, and film. A corporate profile of AXESS MEDIA and its public announcements will be obtained on an on-going basis at www.businesswire.com under "Company News Archives." Information may also be obtained on the web at www.axessmedia.com, via email at info@axessmedia.com, or by toll-free phone at: 866/GO-AXESS. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Included in this press release are AXESS MEDIA Group, Ltd. forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. |
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