This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Axia NetMedia earns $5.98-million in 2009 2009-09-22 06:15 ET - News Release Mr. Art Price reports AXIA RELEASES RESULTS FOR FISCAL 2009 AND Q4FY09 Axia NetMedia Corp. today released the results for the fourth quarter and year end of fiscal 2009 for the period ended June 30, 2009.
Art Price, chairman and chief executive officer, commented: "Our business units in Alberta, France and Singapore are on plan. Axia has a strong balance sheet with funds and cash flow that exceed its investment obligations. Revenue from providing next-generation network services continues to grow. Axia continues to deliver services and a value proposition that is core to the growing digital economy and the evolution of the information and communication technology sector. "Since our last quarterly report, large cap issuers in the ICT sector have typically experienced marked improvement in their share values while share values of small cap ICT issuers, in particular those listed in Canada, have only increased marginally. In spite of Axia's sound fundamentals and performance, Axia shares are being valued in the market in the range of $1.30 to $1.50. Axia's management and board are evaluating the trends in the capital markets as they relate to Axia to ensure that decisions made are aligned with providing our shareholders with the best prospects to receive value for their investment."
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