Axiom Corp (OTCMKTS:AXMM) is surging up the charts on increasing volume and becoming one of the heavily traded stocks on the bb’s. It successfully closed above the $1 mark with gains of more than 1%. The volume of 505,583 is a strong indicator of a major promotion gearing up here. The stock certainly appears like a big promo candidate in the early phases. It has got all the earmarks including over $100 million valuation with no fundamentals to support it up and a series of new press releases that match perfectly with the rise in trading volume.
In February, Axiom bought PaperNuts Corporation, which owns the rights to intellectual as well proprietary technology developed in Finland to offer an environmentally friendly option to harmful and obsolete traditional loose-fill packaging products. It offers a loose-fill packaging alternative that competes with polystyrene foam plastic fillers, air pillows, bubble wrap, crumpled paper, the corn starch peanut and foam-in-place products.
Axiom Corp (OTCMKTS:AXMM) is now functioning through its fully-owned subsidiary. The company is a developer and marketer of environmentally friendly packaging solutions. The products are a cost-effective green packaging alternative to competitive fillers. It is created from 100% recycled paper that was meant for the landfill. The products are both fully recyclable and biodegradable after use. It provides premium product protection, are non-polluting, low in particulates, clean and easy to handle.
Axiom will use the “PaperNuts Converter” machine to make the green products. The machine requires only 10 square feet of floor space to function and provides small, medium, and large scale firms the capability to create on-demand and on-site packaging that minimizes the storage and shipping costs associated with other competitive products. AXMM CEO, Tyler Pearson expressed his views on the government legislation approved in New York banning Expanded Polystyrene foam. He said that the move is in right direction and will help to get rid of litter and water pollution.