Attached files
| file | filename |
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| 8-K - Axiologix Education Corp | v207795_8k.htm |
| EX-10.1 - Axiologix Education Corp | v207795_ex10-1.htm |
Axiologix
Signs Letter of Intent to Acquire Intellectual Property of E*pad
EGG
HARBOR TOWNSHIP, NJ – 01/10/11) - Axiologix Education Corporation
(http://www.axiologix.net/) (OTC.BB:AXLX), an educational software provider,
announced today that the Company has entered into a letter of intent to acquire
all of the intellectual property for the E*pad software application from
Edumedia Software Solutions Corporation.
E*pad, is
an innovative, web based, electronic portfolio, and authentic assessment
development application for students and educators. Axiologix is currently the
exclusive worldwide reseller of E*pad. Once this acquisition is complete,
Axiologix will no longer have to pay a margin for the resale of this product as
Axiologix will own the product and all rights.
E*pad
features a multimedia student portfolio for students combined with a performance
assessment manager which is a research-based approach to structuring the
collection, interpretation, and assessment of evidence about student learning.
Specifically E*pad:
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Aligns
assessments to national and state standards and
rubrics
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Contains
a variety of performance tasks designed to assess student competency in
core subject areas
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Provides
structured activities for teachers to use with
students
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Allows
teachers to create new assessments or to modify existing
ones
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Focuses
on improving the learning of all
students
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Provides
a highly interactive assessment
environment
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Supports
a collegial learning community for sharing materials and
activities
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Contains
an assessment framework to help educators make systematic use of evidence
of learning
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Provides
a structured process for analyzing evidence of student
learning
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Allows
students to develop a portfolio of their exemplary
work
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Supports
an interactive educational environment where teachers can work
collaboratively and share strategies with colleagues to improve future
assessments
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“We are
pleased to acquire the intellectual property of E*pad. This transaction
represents a significant step for Axiologix and is a key platform for our growth
strategy going forward which, among other things, is to acquire software
applications and intellectual properties. We expect that this key acquisition
will position the Company to grow our sales and bottom line,” said John Daglis,
CEO of Axiologix Education Corporation.
Under the
terms of the letter of intent, as the purchase price for the E*pad assets,
Axiologix will issue 10 million shares of its common stock to Edumedia and will
pay to Edumedia $120,000.00 in cash on or before the first anniversary of the
closing of the acquisition. Axiologix will assume no liabilities of
Edumedia in the transaction.
The
closing of the acquisition is subject to several conditions, including
satisfactory completion of Axiologix’ due diligence review. The acquisition is
currently expected to close on or before January 31, 2011.
About
Axiologix
Axiologix
Education Corporation is an educational software and services provider. The
company is now on a quest to become one of the nation's leading partners with
school systems K-12 and higher education, focused on raising student achievement
through research-based school design, uniquely aligned assessment systems,
interactive professional development, integrated use of technology, and other
proven productivity applications in education.
Safe
Harbor Statement
Matters
discussed in this press release contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. When used in
this press release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect," and similar expressions identify such forward-looking
statements. Although expected, actual results, performance, or achievements
could differ materially from those contemplated, expressed, or implied by the
forward-looking statements contained herein. These forward-looking statements
are based largely on the expectations of Axiologix Education Corporation and are
subject to a number of risks and uncertainties. These include, but are not
limited to, risks and uncertainties associated with: the impact of economic,
competitive, and other factors affecting Axiologix Education Corporation and its
operations; its markets, products, and performance, and other factors detailed
in reports filed by Axiologix Education Corporation with the SEC.
Contact:
Investor
Relations
Phone:
877.338.3723
501
Scarborough Drive, 3rd Floor
Egg
Harbor Township, NJ 08234