Axia NetMedia Corp
SymbolAXX
Shares Issued63,957,734
Close 2009-11-09C$ 1.50
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Axia NetMedia earns $924,000 in first quarter

2009-11-10 04:03 ET - News Release

Mr. Art Price reports

AXIA RELEASES RESULTS FOR Q1FY2010

Axia NetMedia Corp. today released the results for the first quarter of fiscal 2010 for the period ended Sept. 30, 2009.

Art Price, chairman and chief executive officer, commented: "We begin the new fiscal year with operations in Canada, France and Singapore on plan. In Alberta, the government of Alberta (GoA) implemented a new phase in the digital transformation of the Alberta libraries that is enabled by expanded use of Real Broadband services. In France, sales grew on both the national backbone and the regional segments. In Singapore, OpenNet began its nationwide rollout schedule in August of this year and is on plan."

Operational highlights

Alberta

Axia's Alberta SuperNet business continues to generate stable revenues and cash flows. The corporation is seeing demand for Axia's high-availability Real Broadband services as its customers' needs evolve. The Alberta SuperNet's province-wide footprint enables Axia services to be offered in each community and form a foundation for its customers to make investments in assets and technology that enable end-users to participate in the digital revolution.

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