CALGARY, Jan. 6, 2014 /CNW/ - Axia NetMedia Corporation (Axia) is pleased to announce the declaration of an initial quarterly cash
dividend to be paid on January 29, 2014 to the holders of common shares
of Axia of record on January 15, 2014 of $0.0125 per share. The
dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Art Price, CEO and Chairman of Axia said "Axia's business has developed
such that our shareholders are now able to participate in both the
growth of value of their shares and receive a yield on those shares.
The dividend reflects a further step in our ongoing process to maximize
shareholder value. We believe that continuing cash flow generation and
the prospect of future growth will be attractive to value focused
medium and long term shareholders and to those shareholders seeking
yield. Our normal course issuer bid remains active in the market as
well."
About Axia
Axia sells services over fibre optic communications infrastructure in
jurisdictions that have implemented the Axia NGN Solution. Axia has
networks in Alberta, France and Massachusetts. Axia trades on the
Toronto Stock Exchange under the symbol "AXX".
This News Release contains forward-looking statements, including,
without limitation, statements containing the words "should",
"believe", "anticipate", "may", "plan", "will", "continue", "intend",
"expect", "estimate" and other similar expressions which constitute
"forward-looking information" within the meaning of applicable Canadian
securities laws. These statements are based on our current
expectations, estimates, forecasts and assumptions about the operating
environment, economies and markets in which we operate and are subject
to important assumptions, risks and uncertainties that are difficult to
predict. Examples of these statements would include those where Axia
forecasts its success and timing in winning new NGN business, the
timing and amount of future dividend payments, the timing of completion
and estimated total costs of our networks, the revenues and operating
costs associated with these networks over time, and Axia's ability to
generate future cash flows and avail itself of other financing
alternatives given current market conditions. The assumptions, risks
and uncertainties that could cause actual results to differ materially
from the forward-looking information, include, but are not limited to,
changes in customer markets, changes in demand for our services, our
inability to deliver services in a timely and cost efficient manner,
technological change, general economic conditions and other risks
detailed from time to time in our ongoing filings with the Canadian
securities regulatory authorities, including those in our Annual
Information Form, which filings can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by applicable securities laws, we
undertake no obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise.
SOURCE Axia NetMedia Corporation
For further information, please visit Axia's website at www.axia.com, or contact:
Glenn Jamieson
Investor Relations
Axia NetMedia Corporation
(905) 582-6169
glenn.jamieson@axia.com
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