Axiologix, Inc. (OTCPK:AXLX) entered into a letter of intent to acquire a majority stake International Money Management, Inc. in stock on July 2, 2014. The transaction is subject to successful due diligence, definitive agreements and Axiologix securing new investment of a minimum of $2 million in funding to coincide with closing this transaction. The transaction is expected to close within the next 60 to 90 days.

As of February 3, 2015, interested parties have committed the required funding to Axiologix and agreement has been signed. The transaction is subject to certain closing conditions that include Axiologix securing new investment of a minimum of $0.5 million in funding to coincide with closing this transaction. The transaction is expected to be closed in the first quarter of 2015.

Axiologix, Inc. (OTCPK:AXLX) cancelled the acquisition of a majority stake International Money Management, Inc. on July 2, 2015.