Axiom Corp. Announces Filing of Annual Report and Update From CEO
(firmenpresse) - ST. CATHARINES, ON -- (Marketwired) -- 04/05/16 -- Axiom Corp. (OTC PINK: AXMM) ("Axiom" or the "Company"), an eco-friendly sustainable packaging solutions provider, today announced it has filed its Annual Report (Form 10-K) for Q4 2015 and the year ended December 31, 2015, with the Securities and Exchange Commission.
Key Highlights:
Revenues for 2015, up 42.4% from 2014
Strong fourth quarter - Revenues in Q4 2015 up 203% from Q4 2014
Gross Margins of 37.7% in 2015
Raised $940,068 in new investment funding
Successfully implemented significant design improvements (faster, lighter, stronger, lower operating/maintenance costs) to PaperNuts packaging technology platform
Additional provisional patents filed
Launch of newly designed PaperNuts machines anticipated available for sale in Q2 2016
Retail and corporate marketing programs with strategic partners planned for Q2 2016
Tyler Pearson, CEO of PaperNuts, commented, "During 2015 we achieved some of our most important goals, including successfully funding the company and implementing some significant improvements to our commercial and retail PaperNuts sustainable packaging technologies. The fourth quarter was particularly strong; the result of a recent client extensively adopting PaperNuts into their packaging strategy."
Pearson concluded, "Sustainable packaging solutions, like PaperNuts, are a growing priority for many companies and consumers that increasingly rely on shipping their products around the world, safely and securely. We are very confident that this strong trend will continue and we look forward to building on our recent momentum to carve out a significant space within this growing industry."
Additional information regarding the planned Q2 2016 launch of the next generation of PaperNuts machines will be released as details become available.
The Axiom Corp. Annual Report (Form 10-K) for the year ended December 31, 2015, is available for review at .
Axiom Corp., operating through its majority owned subsidiary (95.6%), PaperNuts Corporation, is a global focused developer and marketer of innovative and environmentally friendly packaging solutions. PaperNuts Corporation owns proprietary technology and intellectual property originally developed in Finland that provides an environmentally friendly alternative to traditional protective packaging options that are often very harmful to the environment. PaperNuts delivers a loose-fill packaging solution that competes directly with polystyrene foam plastic "peanut" fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products.
PaperNuts are a cost-effective green alternative to competitive fillers, made from 100% recycled paper that was destined for landfill, and are both biodegradable and fully recyclable after use. PaperNuts also provide superior product protection, are clean and easy to handle, non-polluting, and low in particulates. The "PaperNuts Converter" machine used to create PaperNuts requires only 10 sq. ft. of floor space to operate and gives small, medium, and large scale businesses the capability to produce on-demand on-site packaging that reduces the shipping and storage costs associated with competitive products.
For additional information regarding Axiom Corp. and PaperNuts Corporation, visit .
Axiom Corp. files reports with the Securities and Exchange Commission. The Company''s filings can be viewed at .
This Axiom Corp. / PaperNuts Corporation news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company''s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company''s contracts, the Company''s ability to raise sufficient development and working capital, the Company''s liquidity position, the Company''s ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.
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Datum: 05.04.2016 - 13:08 Uhr
Sprache: Deutsch
News-ID 1426214
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