Axion Announces Strong First Quarter Results.Business Editors EDMONTON Edmonton (ĕd`məntən), city (1991 pop. 616,741), provincial capital, central Alta., Canada, on the North Saskatchewan River. The center of the largest metropolitan area in Alberta, Edmonton, known as the "Gateway to the North," is located , Alberta--(BUSINESS WIRE)--May 3, 2000 Axion ax·i·on n. A hypothetical boson having no charge or spin and small mass, proposed to explain the existence of certain symmetries of the strong nuclear force. [axi(al) + -on1.] Spatial Imaging Inc. (Pink Sheets:AXON), a leader in display, distribution and manipulation of geographic information, today announced results for the first quarter of 2000, as well as arrangements for a private placement, the release of their 1999 audited financial statements, and progress on their Form 10-SB submission to the SEC. Axion sales in the first quarter of 2000 showed an increase of 463% over the first quarter of 1999, and approximately 50% of the total sales for 1999. "We are pleased with the progress made in the first quarter of 2000, following on a strong finish to 1999." stated Ian Basford Basford can refer to a number of locations in England:
Axion has released its audited financial statements for 1999, which are available at the company's website at www.axionspatial.com, or by contacting the company directly at 403/270-3132. The Company has received its first comment letter from the Securities and Exchange Commission, concerning its Form 10-SB submission. "Both our legal counsel and accounting firm are currently reviewing the questions and comments on the company's submission, and have indicated that there are no major concerns," indicated Markus Lemke Lemke is a surname, and may refer to
This page or section lists people with the surname Lemke. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Axion Spatial Imaging, Inc. "We are now responding to the questions and recommendations in the letter, and will re-file our submission as soon as all issues have been addressed." Axion's ongoing growth strategy for 2000 and beyond will continue to be based on its main target markets of defense, resource management, asset tracking and management, and aviation. Except for the historical information presented herein, the matters set forth in this press release are forward looking statements within the meaning of the "safe-harbor" provision of the Private Securities Litigation reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The Company disclaims any intent or obligation to update these forward-looking statements. Axion Spatial Imaging is a registered trademark of Axion Spatial Imaging, Inc. All other names and trademarks mentioned above are held by their respective owners and hereby acknowledged. |
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