Axia Provides Comment on Australian Federal Government Announcement

    CALGARY, June 18 /CNW/ - The Federal Government of Australia made an
announcement earlier today with respect to their Broadband Connect program.
    In response to questions about the implications of this announcement,
Axia's Chairman and CEO Art Price made the following comments:
    "Axia's focus in Australia has been to work with state governments to
offer state-wide Open Access Real Broadband(TM) services. Axia made proposals
to the Broadband Connect program to provide the Federal Government the
opportunity to coordinate their program with state initiatives. The Australia
Government has chosen to not link the Broadband Connect program to state level
initiatives. However, Axia will continue to pursue the state level
    Mr. Price added, "Axia's approach maximizes the use of existing assets
and to the extent that, as a consequence of the Broadband Connect program,
some additional assets or Real Broadband services are made available to Axia,
they would be incorporated into its proposals."

    Axia plans, designs, operates and develops Real Broadband(TM)
ultra-high-performance, open access model networks that give fragmented and
under-served geographies access to limitless IP connectivity and provides
services on any network. Axia trades on the Toronto Stock Exchange under the
symbol "AXX". For more information, visit its website at

    Forward-looking Statements: Except for historical information, this news
release may contain 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, which reflect the Corporation's
current expectations and assumptions, and are subject to a number of risks and
uncertainties that could cause actual results to differ materially from those
anticipated. These forward-looking statements involve risks and uncertainties
including, but not limited to, changes in customer markets, changes in demand
for the Corporation's services, inability of the Corporation to deliver
services in a timely and cost-efficient manner, technological change, general
economic conditions and other risks detailed from time-to-time in the
Corporation's ongoing filings with the Canadian securities regulatory
authorities which filings can be found at Given these risks and
uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. The Corporation undertakes no obligation to
publicly update or revise any forward-looking statements either as a result of
new information, future events or otherwise.

    %SEDAR: 00002394E

For further information:

For further information: Dawn Tinling, Vice-President, Investor
Relations and Communications, Axia NetMedia Corporation, Tel: (403) 538-4074,

Organization Profile

Axia NetMedia Corporation

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890