Axium Technologies, Inc. Awarded Projects for the Installation of New Digital Video Surveillance System for the City of
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PASADENA, CA, Jun 19 (MARKET WIRE) --
Axium Technologies, Inc. (PINKSHEETS: AXGI) is pleased to announce that
it has been awarded the installation projects of its patent pending
products Tagger Trap and Maximum Software at the City of Rosemead and the
Compton School District. The projects will help the city and school
district control the ever growing problem of graffiti throughout local
communities across our nation. The Department of Justice reports that
graffiti costs our nation $12-15 billion per year, and Axium is proud to
offer a solution that can help combat the problem.
Axium Technologies CEO WonSoo Chung stated, "We are pleased to report on
the continuance of our success in winning projects. As we have outlined,
we expect to accelerate our growth over the coming year, and I believe we
are well on our way to achieving that important goal."
Stay up-to-date with current events by joining Axium Technologies' E-Mail
Alert List. Join by clicking the link below:
http://www.b2i.us/irpass.asp?BzID=1638&to=ea&Nav=1&S=0&L=1
ABOUT AXIUM TECHNOLOGIES, INC.
Axium Technologies, Inc. (www.axiumtech.net) is a leading provider of
surveillance security systems software and hardware. The Company maintains
its corporate presence in Pasadena, CA and its Research and Development
Facility in South Korea. The Company's primary products include MAXIMUM
Surveillance Software, which is the key solution providing
interoperability for numerous digitalized security and surveillance
products from diverse manufacturers.
The Company's Digital Video Recorders (DVRs) and Network Video Products
(NVPs) are targeted at the security and surveillance segments of the
gaming industry. The Company's newest product "Tagger Trap" is a state of
the art graffiti detection product, which detects, records and alarms
local police of graffiti activity. The estimated cost of graffiti
clean-up in North America is $1.0 billion annually and millions of
dollars have been budgeted over the past year by large metro police
departments to detect and apprehend graffiti taggers.
FORWARD-LOOKING STATEMENT: This press release contains forward-looking
statements, including expected industry patterns and other financial and
business results that involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance or achievements to differ materially from results expressed or
implied by this press release. Such risk factors include, among others:
the sustainability of recent growth rates in the Security and Surveillance
industry; the positioning of Axium products in the market; ability to
integrate acquired companies and technology; ability to retain key
employees; ability to successfully combine product offerings and customer
acceptance of combined products; general market conditions, fluctuations
in currency exchange rates, changes to operating systems and product
strategy by vendors of operating systems; and whether Axium Technologies
can successfully develop new products and the degree to which these
products gain market acceptance. Actual results may differ materially
from those contained in the forward-looking statements in this press
release.
CONTACT INFORMATION
Corporate Inquiries:
WonSoo Chung
626-351-1200
Email Contact
Investor Inquiries:
Gerald Kieft/Ryan Audin
Wall Street Resources, Inc.
772-219-7525
Email Contact
www.wallstreetresources.net
Copyright 2008, Market Wire, All rights reserved.
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