Axium Technologies Signed Partnership Agreement With Esteemed Marketing Professional Group

PASADENA, CA -- (MARKET WIRE) -- Jul 12, 2007 -- Axium Technologies, Inc. (PINKSHEETS: AXGI) is pleased to announce it has entered into a long-term partnership with Securus Technologies Group (STG) to direct its new software business development. STG is a privately held market development firm specifically aligned with the electronic security industry. STG's equity partners have over 25 years of private, commercial and homeland security experience combined.

Mr. WonSoo Chung, Axium Technologies' CEO, noted: "We are very pleased to work with STG, an organization that has a proven track record in the electronic security industry. STG's President, Mr. Wade Thomas, was previously the President of Samsung CCTV - GVI Security Solutions' Professional Products Group and was instrumental in GVI's sales growth from $12 million to over $60 million within three years. Mr. Thomas shall be responsible for the channel development initiative of Axium's unique Video Management Software, Maximum-Software."

Wade Thomas, President of Securus Technologies Group, added: "We are excited to have been chosen as the market development partner to Axium Technologies. Axium Technologies has a very unique software technology. This patented Video Management Software platform enables security integrators and end-users the complete control and management capability of Linux-based embedded Digital Video Recorders (DVRs), Network Video Recorders (NVRs), PC-based DVRs and individual IP cameras all on a single command control software platform with limitless expandability. The Maximum Software platform will revolutionize the integration of today's embedded and IP recording world with all forms integrated systems such as access control, time and attendance, POS, intrusion detection and video analytic technologies."

It is expected that the partnership between Axium and STG will expedite Axium's sales growth drastically.


Axium Technologies, Inc. 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 "TaggerTrap" 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.

During 2006, Axium Technologies redeployed much of its resources, both fiscal and headcount, to complete development of its current suite of products. With many of these products now in commercialization, management projects 2007 revenues to be approximately $8.8 million.

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.


Corporate Inquiries
Won Soo Chung

Email Contact

Investor Relations
Brock Malky

Review Article Be the first to review this article


Featured Video
GIS Analyst for G2 Partners LLC at San Ramon, CA
Structural Engineer for Albert Kahn and Associates at Detroit, MI
Vice President, Transportation Services for Associated General Contractors of New York State at Albany, NY
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
Structural Engineer for The Planate Management Group LLC at Perry Point, MD
Upcoming Events
GIS-PRO 2017 at Jacksonville FL - Oct 23 - 26, 2017
GEO WEEK 2017 at Washington DC - Oct 23 - 27, 2017
Commercial UAV EXPO Americas at The Westgate Resort Las Vegas NV - Oct 24 - 26, 2017
6th International Colloquium on Scientific and Fundamental Aspects of GNSS / Galileo at Technical University of Valencia Valencia Spain - Oct 25 - 27, 2017
Teledyne Optech
Teledyne: - Countless CAD add-ons, plug-ins and more.

Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise