SCOTTSDALE, AZ--(Marketwire - Jul 27, 2012) - Axxess Unlimited, LLC ("Axxess") and Azia Corp. ("Azia") (PINKSHEETS: AZIA) announced today that they have signed a Letter of Intent for Azia to acquire Axxess at a fair market price which has not yet been determined.
Axxess and Azia will begin negotiating a definitive written acquisition agreement and related documents. The acquisition is subject to the definitive agreement being entered into, regulatory approval, and other customary conditions.
"We would be extremely pleased to join Azia. This venture would provide expanded opportunities for our leading custom software solutions in online marketing, as well as a platform to bring new application-specific products to the marketplace," commented Axxess President, Michael Roth.
"This particular opportunity is an excellent complement to our growth initiatives. This acquisition could become an excellent component in the implementation of our strategy," commented a spokesperson for Azia.
Axxess Unlimited is a leading provider of custom software solutions in online marketing. Continuing clients include TapouT®, WSOP Live, Dominance and Authentic Brands Group (ABG). The Company's proven products and services and service innovation allow clients to meet the challenges in today's marketplace. The Company owns and utilizes a wide range of patented and patent-pending technology. A leading product, a software platform behind Ignition Interlock devices, provides a visionary software component for technology that prevents a car from starting if the driver has been drinking. Patented evidence log technology allows courts, law enforcement, The Department of Transportation and other approved parties to keep track of all evidence without risk of tampering or modification. With over 300,000 Interlock systems in use in the U.S., Axxess has positioned itself as the leader for this software technology. For more information, please visit www.axxessunlimited.com.
This press release may contain certain 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports.