Axios Mobile Assets Corp. AXBSF

RE:RE:RE:iGPS, RM2, other

[VPofFNE]

iGPS has hunkered down to try to milk revenues out of their remaining fleet. They did have logistics support, but not anywhere near enough. This is the part that everyone seems to underestimate. 

Being accepted at Loblaws is incredibly difficult, way harder than Wal-Mart. While it's true that DC acceptance doesn't automatically mean revenue, unless you have this, you won't get any major clients without it. Pallet losses in any major retailer are inevitable - believing otherwise is simply naive. Mitigating these losses is the key. 

The old RM2 pallets were nowhere near the quality of the newly designed ones. The heavier pallets are a two year old design, the new ones are much better. As I've said before, Axios is not disruptive, they're just another alternative material pallet trying to make something of themselves. Who knows which one(s) will be successful, but whomever that is, they will need to raise A LOT more money than Axios has....A LOT. 

One thing is for certain, this is a large industry and you're right, there is a lot of room for innovation, however I don't believe the retail community will widely accept more than 2 - 3 players. 

VeeP