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Axia Submits OpCo NGNBN bid

Fri. December 05, 2008; Posted: 09:35 AM
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CALGARY, Dec. 5, 2008 (Canada NewsWire via COMTEX) -- AXX | Quote | Chart | News | PowerRating -- Axia NetMedia Corporation ("Axia") today announced that it has submitted its bid to the Singapore Government in response to the Request for Proposals for the Operating Company for Singapore's Next Generation National Broadband Network. As this is a competitive bid process, the details of the submission are confidential.

Axia provides Real Broadband(TM) IP services and solutions through planning, designing and operating no conflict Open Access Next Generation Networks. Axia trades on the Toronto Stock Exchange under the symbol "AXX".

This News Release contains 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. These statements are based on our current expectations, estimates, forecasts and assumptions about the operating environment, economies and markets in which we operate and are subject to important assumptions, risks and uncertainties that are difficult to predict. Examples of these statements would include those where Axia forecasts its success and timing in winning new OAN NextGen contracts, the timing of completion and estimated total costs of these networks, the revenues and operating costs associated with these networks over time, and Axia's ability to generate future cash flows and avail itself of other financing alternatives given current market conditions. The assumptions, risks and uncertainties that could cause actual results to differ materially from the forward looking information, include, but are not limited to, changes in customer markets, changes in demand for our services, our inability to deliver services in a timely and cost efficient manner, technological change, general economic conditions and other risks detailed from time to time in our ongoing filings with the Canadian securities regulatory authorities, including those in our Annual Information Form, which filings can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are cautioned not to place undue reliance on such forward looking statements. Unless otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward looking statements either as a result of new information, future events or otherwise.

%SEDAR: 00002394E

SOURCE: Axia NetMedia Corporation

please visit Axia's website at www.axia.com, or contact: Dawn Tinling, VP, Investor Relations and Communications, Axia NetMedia Corporation, (403) 538-4074, dawn.tinling@axia.com

For full details for AXANF click here.

    


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