Abaxx Technologies Inc N.ABXX

Alternate Symbol(s): ABXXF

Technology Software - Application

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.

NEO:ABXX - Post by User

Abaxx Technologies Inc

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Comment by bencolderon Dec 28, 2006 12:24pm

414 Views

Post# 11928120

RE: cancelled financing

The NR attributes the cancellation to market conditions and I see no reason why the company would mislead shareholders. Perhaps the company was advised that there was little interest in the package. This is quite possible IMO, because too few people are aware of the potential of this project. Maybe some effort will be made in early 2007 to raise the company's profile and facilitate another financing attempt.

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