in bold is the "good news"
AXIM .... Axiom
Tuesday November 17, 6:59 pm Eastern Time
Company Press Release
SOURCE: Axiom Inc.
Axiom Inc. Announces Settlement of Trademark
Litigation
MOUNT LAUREL, N.J., Nov. 17 /PRNewswire/ -- Axiom Inc. (Nasdaq: AXIM - news) announced today that, on November 16, 1998, Judge McKelvie, District Judge of the United States District Court for the District of Delaware, rendered his decision in the previously announced trademark case brought by Acxiom Corporation against the Company. Acxiom sought injunctive relief, money damages and attorneys' fees.
The court concluded that Acxiom was entitled to an order enjoining Axiom from making further use of the Axiom name and
related injunctive relief. The court also concluded that Acxiom is not entitled to any money damages or attorneys' fees. The court has not yet entered an order specifying the required timing with respect to Axiom's discontinuing use of its name. Axiom stated that it and its counsel are still in the process of reviewing the court's opinion and no decision has yet been made on whether to appeal the decision or take other action.
Serving telecommunications and information service providers worldwide for 30 years, Axiom Inc. is an ISO 9001 Certified company. Axiom is recognized as a leader in the provision of real-time billing data collection and processing, fraud management and traffic management systems. Additional information on Axiom can be found on its home page at axiomav.com.
This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, the volatility of international markets, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Axiom Inc.
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