Axium Technologies, Inc. Awarded Projects for the Installation of New Digital Video Surveillance System for the City of Rosemead
June 19 2008 - 8:00AM
Marketwired
PASADENA, CA is pleased to announce that it has been awarded the
installation projects of its patent pending products Tagger Trap
and Maximum Software at the City of Rosemead and the Compton School
District. The projects will help the city and school district
control the ever growing problem of graffiti throughout local
communities across our nation. The Department of Justice reports
that graffiti costs our nation $12-15 billion per year, and Axium
is proud to offer a solution that can help combat the problem.
Axium Technologies CEO WonSoo Chung stated, "We are pleased to
report on the continuance of our success in winning projects. As we
have outlined, we expect to accelerate our growth over the coming
year, and I believe we are well on our way to achieving that
important goal."
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ABOUT AXIUM TECHNOLOGIES, INC.
Axium Technologies, Inc. (www.axiumtech.net) 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
"Tagger Trap" 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.
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.
CONTACT INFORMATION Corporate Inquiries: WonSoo Chung
626-351-1200 Email Contact Investor Inquiries: Gerald Kieft/Ryan
Audin Wall Street Resources, Inc. 772-219-7525 Email Contact
www.wallstreetresources.net
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