AXSI revoked:

http://www.sec.gov/litigation/admin/2013/34-70537.pdf

AXSI SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-70377.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-70377-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-70376.pdf

AXSI 8k ouch!!!

Item 8.01 Other Events.

On August 31, 2010 and September 15, 2010, Axcess International Inc. (“AXCESS” or the “Company”) failed to pay its employees due to a lack of operating capital. Axcess intends to pay all of its employees for the period worked. All of the Company’s employees have continued to work. This has allowed the Company to continue to ship its products and maintain customer support. The Company is attempting to close on the latest round of fund commitments, however, no assurance can be given that the Company will close on this round of financing and that the Company’s employees will continue to work and that the Company will be able to maintain its operations unless this capital is received.

AXSI.. $0.26

Added on 05/14 at 08:24 PRESS RELEASE: Axcess International Reports First Quarter 2010 Results
DALLAS, Texas--(BUSINESS WIRE)--May 14, 2010--

Axcess International Inc., (OTCBB: AXSI) a leader in local area Wireless ID solutions, today reported results for the quarter ending March 31, 2010.

Highlights for the First Quarter ending March 31, 2010

-- Revenue for the quarter was $145,289

-- Introduced new integrated Wireless ID-Access Control product at ISC
Security Trade Show

-- Introduced new security industry market channels with global corporate
partners

-- Gross margin was $59,240 or 41%

-- Net Loss $1,118,732 represents $0.03 per share of common stock

-- Patented MicroWirelessTM technology continues to demonstrate competitive
advantages and opportunities for future innovations

"The introduction of the new DotTM Wireless ID product at the International Security Conference trade show launched a new era for the Company," said Allan Griebenow, president and CEO of Axcess. Mr. Griebenow further stated, "The product offers an exciting growth platform for wireless-based features tailored to specific industry segments. Supported by our agreement with HID Global, the dominant access control products supplier in the world, and under the Advantage HID ConnectTM Partner program we are also the first Company to field a local area wireless ID integrated with proximity access control. Now a single badge can provide access to the facility and open up the multitude of security, safety and productivity solutions inside the enterprise. Growing traditional security market channels with HID and others which provide a global sales coverage has set the stage for the product's introduction and revenue contribution while reducing the Company's dependence on large less predictable projects."

Corporate and Industry Developments

Axcess' systems for business and government use its patented MicroWirelessTM technology to wirelessly enable business ID badges, access control cards and other credentials to provide automatic local area real-time business activity monitoring and control solutions. Manual access control and business ID systems, which are constrained in their value to the front door, are easily upgraded to Axcess' solutions inside the enterprise. These include high speed access control, internal security monitoring and intrusion detection, emergency evacuation workforce accounting, automatic asset protection and visitor tracking for security and compliance reporting. Systems are also used for contractor time and attendance data collection, safety monitoring and compliance reporting, and workforce time and motion data collection for business process improvement and business intelligence initiatives.

The Company introduced a new DotTM Wireless ID product at the International Security Conference (ISC-West) trade show in Las Vegas in March. Various Axcess DotTM solutions were demonstrated in kiosks located in the HID Global and Tyco- ADT corporate trade show booths highlighting the new product and introducing it to sales personnel, independent security system dealers, system integrators and distributors as well as end users. The product is being positioned as a natural evolutionary step for access cards and business IDs to provide added value in the enterprise. It is expected that Axcess' reference accounts in oil/gas, petrochem, construction, utilities, transportation, DoD, and government will provide support for new sales.

During the quarter, Axcess finalized a contract valued at approximately $100, 000 to provide a worker safety monitoring solution on an oil platform, the Company's second order on that type of facility. Axcess has numerous proven-in installations in the oil and gas industry. Follow-on sales for systems already installed occurred in the areas of mining personnel safety, IT asset tracking and loss prevention, and government weapons automated inventory and loss prevention.

The Company believes the recent oil refinery, oil platform, and mining disasters will bring a new awareness to the Company's workforce safety solutions. The DotTM Wireless ID with an embedded motion sensor now provides personnel telemetry data which is constantly monitored to sense a workplace injury situation. Additional features in support of safety and security are being readied to further the Company's competitive advantage in these areas.

Axcess' core technology area of MicroWirelessTM communications has now been proven to represent the technological sweet spot where autonomous wireless identification and data transfer are best enabled in very small low cost battery-powered devices. Regardless of their hardware platform or form factor, DotTM IDs operate in their own wireless frequency and are designed specifically for the unique need, independent from interference and unobtrusive to backbone networks. For these uses, MicroWireless eclipses other wireless technologies such as cell phones, EPC-RFID, Ultra-Wideband (UWB), Zig-Bee, Wi-Fi and Bluetooth which are not suited to the automated monitoring of personnel and assets in the enterprise because of unacceptable cost, size, reliability, infrastructure and power consumption constraints.

The core technology continues to be supported by a strong intellectual property foundation of patents and filings. The Company believes this portfolio will continue to open opportunities for IP monetization and strategic partnerships in the near term and long into the future.

Bringing to market the complete set of innovative functions of MicroWireless creates an open architecture for multiple sources of data to be acquired to deliver previously inaccessible information 24/7 in real-time. These innovation and growth efforts continue to be supported by our shareholders and by key financial advisor, Amphion Innovations plc.

Three Months Ended March 31, 2010 Financial Results

Revenue for the three months of 2010 was $145,289 compared to $1,082,682 for the same period in 2009. The decrease in revenue is a result of the Caribbean Port Security Initiative in the first half of 2009 that has not been repeated in 2010. Add-on sales that are considered by the Company to represent a form of recurring revenue were 55% of total sales (excluding the Caribbean Port Security Initiative) in 2010 and 45% for 2009.

Gross margin was 41% or $59,240 for 2010 compared to 31% or $336,708 for 2009, reflecting an improved sales mix and timing of the increased scope of the system installation for the Caribbean Port Security Initiative.

Research and development expenses were $343,677 for the three months ended March 31, 2010 and $309,359 for the three months ended March 31, 2009. The majority of the increase relates to the non-cash stock compensation expense from an option grant that was completed at the end of the 2009 offset by a reduction in prototype development.

Selling, marketing, general & administrative (S, M, G & A) expenses were $732, 620 for the three months ended March 31, 2010, as compared to $719 012 in 2009. The majority of the increase relates to the non-cash stock compensation expense from an option grant that was completed at the end of the 2009 and a slight increase in legal, investor relations and advertising expenses.

Other expense for the three months ended March 31, 2010 totaled $96,418, as compared to $63,551 for 2009. Interest expense was $10,943 lower during the three months ended March 31, 2010, compared to the three months ended March 31, 2009, reflecting lower expense associated with warrants that were issued with the convertible notes. The gain on vendor settlements was also decreased by $43, 810.

Net loss was $1,118,732 for the three months ended March 31, 2010, compared to $759,878 for the three months ended March 31, 2009. The increase is mainly related to a decrease in gross margin contribution and non-cash stock compensation expense from an option grant that was completed at the end of the 2009.

Recurring preferred stock dividend requirements were $0 for three months ended March 31, 2010 and $47,466 for three months ended March 31, 2009. The decrease is a result of 2003B Series preferred stock being converted to common shares leaving no dividend paying preferred shares outstanding as of December 31, 2009.

Net loss applicable to common stock for the three months ended March 31, 2010 was $1,118,732, or $0.03 per share, compared to a loss of $807,344, or $0.03 per share for same period in 2009. The majority of the increase in loss in the current year period from the prior year is primarily attributable to the increase in non-cash stock compensation expense from option grant that was completed at the end of the 2009 and decreased gross profit contribution from the Caribbean Port Security Initiative.

Conference Call

In conjunction with the earnings release, Axcess invites you to listen to its conference call Friday, May 14, 2010, at 12:00 p.m. (Eastern). To participate in the call, domestic callers can dial (888) 713-4214 and international callers can dial (617) 213-4866 and enter the reservation code "18058804." Participants should dial into the call about 10 minutes prior to the start time.

For those unable to attend the live conference call, a replay will be available by dialing (888) 286-8010 for domestic callers and (617) 801-6888 for international callers and entering the replay code "63704292." The replay will be available for one month beginning approximately two hours after the end of the call. There is no charge for participants to access the live event or replay.

The conference call and replay dial in information is also available at Axcess' Website at www.axcessinc.com.

About Axcess International Inc.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=Efi9AW97QRKxo89nYhwDbw%3D%3D. You can use this link on the day this article is published and the following day.


(MORE TO FOLLOW) Dow Jones Newswires
05-14-10 0824ET

Added on 05/14 at 08:24 PRESS RELEASE: Axcess International Reports First -2-
Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. MicroWireless -- based on active RFID principles -- is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc ( AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

Axcess' on-demand webinars are viewable by linking to them from Axcess' Home page or clicking on the following links:

-- Emergency Evacuation Workforce Accounting

-- MicroWireless Process Automation

AXSI.. $0.26

Statement of Operations Information:

Three Months Ended
March 31, Year Ended
December 31,
2010 2009 2009 2008
Sales $ 33,556 $ 18,531 $ 108,045 $ 73,563
Gross profit 3,636 1,948 11,737 7,737
Operating income 2,189 787 6,906 5,066
Interest (expense) income, net (2 ) 23 (354 ) (134 )
Beneficial conversion feature expense -- (125 ) (153 ) (393 )
Change in derivative liability -- -- -- 47
Other income (expense) (2 ) (284 ) 154 15
Net income 2,188 355 6,553 4,601
Deemed preferred stock dividend (644 ) -- (1,244 ) --
Net income available to common shareholders 1,544 355 5,309 4,601
Net income per share of common stock (basic) $ 0.01 $ 0.00 $ 0.07 $ 0.06
Weighted average shares of common stock outstanding (basic) 109,194 83,315 89,772 81,649
Income per share (diluted) $ 0.01 $ 0.00 $ 0.06 $ 0.06
Weighted average shares of common stock outstanding (diluted) 144,961 83,866 117,579 81,649


Balance Sheet Information:

March 31, December 31,
2010 2009 2008
Working capital $ 1,015 $ 1,530 $ (856 )
Total assets 30,524 27,000 18,069
Total liabilities 1,444 1,238 2,029
Retained earnings 16,317 14,773 9,463
Shareholders’ equity 29,079 25,761 16,040

AXSI.. $0.50

Axcess Int'l First to Introduce Automated Security Checks

Business Wire - May 04 at 09:34

Company Symbols: NASDAQ-OTCBB:AXSI


Wireless ID System Performs Physical Intrusion Detection/Authentication in Real Time

DALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB: AXSI), a leader in wireless IDs, today announced the first of its kind physical security solution for automatically determining in real time if a person is carrying a proper ID and is authorized to be in a given place. This announcement makes it possible for Axcess' security systems to provide complete, constant coverage of a facility day and night. Until now, physical security systems have provided a physical barrier to intrusion and/or a sensor for detection but have been unable to automatically determine a person's security authorization throughout a facility. This internal security capability means ID badges can be electronically monitored in real time to alert if a visitor, intruder or employee is improperly in any part of a facility at any time of day. By replacing manual ID access control cards with Axcess' ID badges, called Dot MicroWireless CredentialsTM, a portfolio of new applications is made available including: automatic access control, asset loss prevention, visitor tracking, emergency evacuation accounting and now intrusion detection. Axcess' ID badges are interoperable with the vast majority of access control system infrastructures installed worldwide, making it easy to augment the existing system for the new capabilities. The product drops easily into virtually any vertical industry worldwide in support of the $10 billion global electronic access control market.

Typical intrusion detection systems work only during off-hours when any presence detected triggers an alarm. With the Axcess system, personnel are checked during operational hours for a proper ID and location authorization. The capability was proven-in in a high profile implementation with the U.S. Department of Homeland Security. In a high security bonded warehouse at JFK International Airport, the system successfully detected personnel crossing painted boundary lines, indicating movement into the secure zone. As personnel entering the zone were detected using traditional security detection devices, Axcess' system autonomously validated their IDs for authorization to be in the secure area.

"Our Dot MicroWireless Credentials have been proven to add significant value in physical security," commented Ben Donohue, Vice President of Business Development at Axcess International. "Until now, ID badges have only been useful for a visual validation, which is subject to gross human error. We've introduced the first automated method of monitoring authorized movement throughout a facility. Our MicroWireless Credentials are compatible with existing access control systems, which makes the upgrade decision much easier."

The wireless ID badges are the same size as traditional badges yet have wireless transceivers and a battery embedded inside them. The automatically activated devices have been proven to last years, sending short reliable messages around the local facility. For autonomous internal intrusion monitoring, the wireless IDs are electronically correlated to standard security industry presence detection devices using "Functional Linkage" business intelligence rules defined in the system. Alerts for improper positioning are sent via email or SMS text or standard industry alarm through the security system.

Dot Wireless Credentials, based on Axcess' patented MicroWireless technology, together with AxcessViewTM software comprise a system that enables existing access control systems to be expanded easily into advanced workforce management solutions. Dot solutions also augment existing access control software with automated identity-related information. Dot provides local position determination, tracking, sensing and control capabilities, leveraging MicroWirelessTM technologies to implement a unique Control Point Location System (CPLS) architecture. Axcess systems are sold through distributor, dealer and integrator channels worldwide.

The most implemented applications include personnel access control, emergency evacuation, process automation, compliance reporting, productivity metering, asset protection via custodianship assignments, advanced workforce management, and contractor and visitor time and attendance. The Axcess MicroWireless architecture is designed specifically for local area security, safety and productivity applications while other technologies such as Wi-Fi, Bluetooth or ZigBee are poorly suited due to size, cost or power consumption limitations. MicroWireless ID badge technology is viewed as the next generation in access control and business credentials.

On-Demand Webinar

View the following free on-demand webinar:

Wireless Business Credentials: Axcess Control Beyond the Front Door

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel ID badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6275798&lang=en




Source: Axcess International Inc.

AXSI.. $0.44

Axcess Int'l Receives Order for Wireless IDs to Improve Safety on Oil Platform

Business Wire - Apr 22 at 09:34

Company Symbols: NASDAQ-OTCBB:AXSI


MicroWireless System Automates "Man-Down" Monitoring and Locating

DALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB: AXSI), a leader in wireless credentials, today announced it has secured a contract for providing a wireless ID system in support of advanced workforce management applications that will improve the safety of workers on a large oil platform in the Far East. It will be the Company's second oil platform implementation and the first to include a new safety feature for automatically monitoring workers for injuries on the job. MicroWireless-based IDs have been successful in automatically securing perimeters and internal facilities and in counting worker "in/out" status to comply with industry emergency evacuation regulations such as Occupational Safety and Health Administration (OSHA) federal laws in oil and gas, mining, petrochemical, utility, transportation and government operations. Now, with nano-positioning sensors implemented inside Axcess' Dot MicroWireless CredentialTM, an individual worker's on-the-job status and location is automatically monitored by the RFID-based system 24/7 to alarm in the event of a serious injury, commonly called a "man-down" situation, arises. On April 21, 2010 an explosion on a platform in the Gulf of Mexico, the Deepwater Horizon, left 15 workers injured and 11 of the 126 workers unaccounted for hours after the incident. The Axcess contract, valued at around $100,000, is one of an estimated market opportunity of 300 off-shore oil platforms. According to the U.S. Bureau of Labor Statistics data, over 115 million employees in the United States alone work in industries where physical injuries are commonplace.

"Our Dot MicroWireless Credentials have been proven to add significant value in industrial safety. Emergency evacuation accounting and injury monitoring solutions are closely related, necessary and available today," commented Allan Griebenow, President and CEO of Axcess International. "The returns include legal compliance and improved life safety."

The wireless ID badges are the same size as traditional badges yet have wireless transceivers and a battery embedded inside. The devices which are activated automatically have been proven to last years, individually programmed for each required operation sending small, reliable messages around the local facility. The MicroWireless architecture is designed specifically for these local area applications while other technologies such as Wi-Fi, Bluetooth or ZigBee are poorly suited due to size, cost or power consumption limitations.

Dot Wireless Credentials, based on Axcess' patented MicroWireless technology, together with AxcessViewTM software comprise a system that enables existing access control systems to be expanded easily into advanced workforce management solutions. Dot solutions also augment existing access control software with automated identity-related information. Dot provides local position determination, tracking, sensing and control capabilities, leveraging MicroWirelessTM technologies to implement a unique Control Point Location System (CPLS) architecture. Axcess systems are sold through distributor, dealer and integrator channels worldwide. The most implemented applications include personnel access control, emergency evacuation, process automation, compliance reporting, productivity metering, asset protection via custodianship assignments, advanced workforce management, and contractor and visitor time and attendance. MicroWireless ID badge technology is viewed as the next generation in access control and business credentials.

Axcess' on-demand webinars are viewable by linking to them from Axcess' Home page or clicking on the following links:

-- Emergency Evacuation Workforce Accounting
-- MicroWireless Process Automation


About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.



Source: Axcess International Inc.

AXSI.. $0.44 NASA's SEWP IV Contract Enables Agency-Wide Procurement of Axcess' Solutions

DALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB:AXSI), a leader in wireless credentials, and Victory Global Solutions, Inc., an experienced system engineering and integration firm, announce that Axcess International has been added to two popular federal government contracting vehicles: NASA's Solutions for Enterprise-Wide Procurement (SEWP) IV and 8(a) Small Business Administration (SBA). SEWP IV, whose period of performance is seven years with a $5.6 billion contract limit, allows Federal agencies to buy a wide range of IT products without having to secure multiple quotes in an RFP procurement process. Axcess' popular automated applications such as IT asset protection, vehicle gate access control and emergency evacuation accounting have already been successfully implemented by numerous agencies including the Veteran's Administration, multiple branches of the U.S. Department of Defense and the Postal Service. Government customers can purchase Axcess' MicroWireless solutions through Victory Global quickly and easily because the contract has already been pre-competed.

Victory Global will demonstrate Axcess' Dot MicroWirelessTM Credentials at the annual SEWP Conference on April 20 to 21 at the Walt Disney World Swan and Dolphin Resort in Lake Buena Vista, Florida. The conference will provide attendees (Government, Technical and Procurement Personnel; SEWP Contract Holders and SEWP Program Staff) with information and training on the SEWP IV contracts, available product solutions and planned initiatives for 2010.

"Inclusion on NASA's SEWP IV contract makes it significantly easier and faster for federal agencies to procure our MicroWireless solutions. We provide security and safety-related solutions, so they can now be in place as soon as possible to save money and lives," commented Allan Griebenow, President and CEO of Axcess International. "We are pleased to be partnered with Victory Global, a knowledgeable systems integrator with solutions and installation experience with government agencies."

Axcess' Dot MicroWireless Credential provides local position determination, tracking, sensing and control capabilities, leveraging MicroWirelessTM technologies to implement a unique Control Point Location System (CPLS) architecture. Applications include personnel access control, emergency evacuation, process automation, compliance reporting, productivity metering, asset protection via custodianship assignments, advanced workforce management, and contractor and visitor time and attendance. The Axcess RFID/CPLS systems offered through Victory Global consist of activators, receivers, tags, middleware and application software. Among other large government and military installations, Axcess' applications have included: tracking of laptops to prevent loss of assets in multi-floor facilities, vehicle identification with in-vehicle person count, personnel identification at barracks' entrances, identification of armament arsenal and tracking of classified documents with tag embedding in binder spines. Axcess' solution has been implemented in military and civilian agencies to track and trace personnel and assets and affiliate people to items to protect and secure facilities and personnel.

After a formal evaluation process, NASA awarded 48 Indefinite Delivery Quantity (IDIQ) contracts to 38 prime Contract Holders, both Original Equipment Manufacturers (OEM) and Value Added Resellers (VARS). Victory Global, awarded in June of 2008, is one of 4(four) 8(a) contract holders, and Axcess was added on April 6, 2010.

Angela Brown, President and CEO of Victory Global Solutions, Inc., was recognized in 2009 by the editors of CRN Magazine as one of the top 100 Most Powerful Women of the Channel because of her commitment to Victory's government customers, involvement in high tech and eight-year participation in the promotion of women in the industry.

Axcess' on-demand webinars are viewable by linking to them from Axcess' Home page or clicking on the following links:

-- Emergency Evacuation Workforce Accounting
-- MicroWireless Process Automation


About Victory Global Solutions, Inc.

Victory Global Solutions, Inc. is a system engineering and integration firm that supports DoD, federal government and commercial clients. Founded in 2001, staffed with IT industry veterans and experienced with large scale deployment and logistics management of complex enterprise solutions, the company is committed to designing "best of breed" technology based solutions that create value in addressing current and future technology requirements. For more information, visit www.victorygs.com.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM platform. The complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.




Source: Axcess International Inc.


Copyright Business Wire 2010

AXSI.. $0.44... Axcess International AxcessView Software Enables New Wireless Credential Applications...

Business Wire - Mar 18 at 09:32

Company Symbols: NASDAQ-OTCBB:AXSI

Automated Data Collection and Alerting Increases Security, Life Safety with Proven ROI

DALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB:AXSI), a leader in wireless business credential systems, announces the release of AxcessViewTM, an intelligent desktop software package that automatically monitors, analyzes and alerts on critical personnel and asset activities in the enterprise. AxcessView derives real-time visibility via data collected from Wireless Credentials (traditional proximity access control badges augmented to enable local area wireless capabilities). With access control badges extended within the enterprise, AxcessView enables new found applications increasing security, safety and enterprise productivity. Compatible with existing access control systems, the product drops easily into virtually any vertical industry worldwide in support of the $10 billion global access control market. The product will be demonstrated at the International Security Conference (ISC West) at the Sands Convention Center in Las Vegas from March 24 to 26. In addition to demonstrations in Axcess' booth (number 20145) in the Access Control section, it will be shown in the booths of HID Global (number 12051) and ADT (number 24051).

Access control cards have evolved recently to improve authentication of the real user but have lagged in usability beyond the front door as their transmit range has been constrained to a few inches, requiring manual presentation. Axcess' recently announced product, the DotTM Wireless Credential, evolved from active RFID principles and is compatible with existing installed access control systems. The AxcessViewTM desktop software uses Wireless Credential-based event data to make it easy to see critical activity and generate summary reports for compliance and management. Beyond that, AxcessView is a rule-based tool for automating the analysis, parsing and distribution of that data to automate electronic alerts for rapid response. It also delivers highly productive exception-based actionable information direct to legacy systems throughout the enterprise for business intelligence solutions.

"AxcessView brings to life the new world of local area wireless credential applications right on the desktop. Based on proven, documented solutions, it delivers immediate life safety, security and economic returns," commented Allan Griebenow, President & CEO of Axcess International. "Its dynamic real-time monitoring is always there, determining and alerting to exception-based situations. The corresponding data bring first-time solutions and new opportunities only Dot can deliver."

Dot Wireless Credentials, based on Axcess' patented Micro-WirelessTM technology, together with AxcessView software comprise a unique system that enables existing HID 26- and 37-bit proximity technology and Corporate 1000(TM) access control systems to be expanded easily into advanced workforce management solutions. The new version of AxcessView, a dramatic make-over of the previous version, was necessary to facilitate the power of intra-facility wireless personnel applications now available with Dot. The applications include:


1) Access Control Anti-tailgate Mitigation - the ability to properly account
for all badged personnel entering a secure doorway

2) Internal Security Monitoring - adding security points inside the facility
with automatic detection capability

3) Visitor Management - electronically assigning visitors to custodians and
monitoring their movements

4) Asset Protection - automatically monitoring the movement of high value
assets within the facility and alarming if they exit

5) Emergency Evacuation Accounting - an automatic and dynamic inventory of who
is in and out at any time

6) Time & Attendance Data Collection - an automated way to collect accurate
time and attendance information and send it along to enterprise systems

7) Security and Safety Compliance Reporting - Automating reports to management
and legal mandates

8) Personnel to Asset Linkage - a way of relating personnel activities to
assets for utilization and productivity analytics




AxcessView is a MicrosoftR desktop platform design utilizing .NET for extensibility and supporting SQL databases. The new version includes a new GUI, easy-to-set up data parsing and analysis rules, color-coded data for rapid identification and handling, advanced search features, drill downs and report generation. It also offers middleware-like data distribution to third party enterprise systems.

Interested parties may contact sales@axcessinc.com to set up meetings at ISC West.

Axcess' on-demand webinars are viewable by linking to them from Axcess' Home page or clicking on the following links:

-- Emergency Evacuation Workforce Accounting
-- MicroWireless Process Automation


About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.



Source: Axcess International Inc.

AXSI.. $0.44 Year End earnings..

Axcess International Reports Year End 2009 Results

Business Wire - Feb 26 at 07:04

Company Symbols: NASDAQ-OTCBB:AXSI


DALLAS--(BUSINESS WIRE)-- Axcess International Inc., (OTCBB: AXSI) a leader in local area wireless real-time business activity monitoring and control solutions, today reported results for the year ending December 31, 2009.

Highlights for the Year End December 31, 2009

-- Revenue for the year achieved a record $4.80 MM, up 219% over 2008
-- Port infrastructure security contract contributed $3.65 MM in revenue
-- Gross margin increased to 61% from 47% in 2008
-- Net loss for the year was $1.1 MM, down from $4.78 MM in the prior year
-- Net Loss per share of common stock was $.04, down from $.19 in the
period earlier
-- Patented MicroWirelessTM technology continues to demonstrate competitive
advantages and opportunities for future innovations


"2009 was a record revenue year for Axcess. The Company implemented its second turn-key infrastructure security project in the Caribbean, which highlighted on a global stage the use of our Wireless Credential product," said Allan Griebenow, president and CEO of Axcess. Mr. Griebenow further stated, "Also of significance were the steps taken to position the Company for growth in the physical security products industry first with the introduction of a product bundle for use in distribution sales. We also announced a unique and exciting agreement with HID Global, the dominant access control products supplier in the world, under the Advantage HID ConnectTM Partner program. Axcess has now taken access control and business IDs into the wireless age, opening up vast new opportunities to improve security, safety and productivity in the enterprise."

Corporate and Industry Developments

Axcess' systems for business and government use its patented MicroWirelessTM technology to wirelessly enable business credentials for automatic local area real-time business activity monitoring and control solutions. Manual access control and business ID systems, which are constrained in their value to the front door, can now be upgraded to access solutions inside the enterprise. These include high speed access control, internal security tracking, emergency evacuation management, automatic asset protection and visitor tracking for security and compliance reporting. Systems are also used for contractor time and attendance data collection, safety tracking and compliance reporting, and workforce time and motion data collection for business process improvement and business intelligence initiatives.

The Port contract won and implemented in 2009 has been credited for its role in successfully securing the facility and the 34 heads of state participating in the Fifth Summit of the Americas 2009 conference in Trinidad. It followed a previous similar implementation at Barbados Port Inc., the primary port for Barbados. The solutions provided included visitor and vehicle tracking, emergency evacuation accounting, internal zonal security, wireless WMD sensing, various security scanners and other equipment designed to enhance security solutions and resources. The final value of the contract was $3.65MM and was the primary factor in achieving record revenues for Year End 2009.

Axcess announced it had successfully increased worker safety and saved the government time and money by wirelessly automating the process of weighing and identifying loads of radioactive and hazardous materials on transport trucks and automatically generating reports for Washington Closure Hanford. The work is being done at the U.S. Department of Energy's Hanford Site, a 586-square-mile decommissioned nuclear production complex along the Columbia River in southeastern Washington State.

To leverage its success in Wireless Credential applications the Company introduced the DotTM Wireless Credential product into the security distribution sales channel as a bundled system so existing proximity access control systems in businesses can be easily expanded into advanced workforce management solutions for improving security, safety, compliance reporting and efficiency. The Company announced the bundled product would be first introduced through PSA Security Network.

The company also announced an agreement with HID Global to use HID proximity technology in Axcess' Dot Wireless Credential product. HID proximity technology is recognized as the industry standard for low frequency physical access control. By combining HID Global's strength in secure credentialing with Axcess' solutions, a single secure credential can be used to solve additional business problems cost-effectively and conveniently throughout an enterprise. Axcess is authorized to use HID technology and applicable patents in its Wireless Credentials under the Genuine HID TechnologyTM program.

MicroWirelessTM communications has now been proven to represent the technological sweet spot where autonomous wireless identification and data transfer are best enabled in very small, low cost battery-powered devices. Regardless of their hardware platform or form factor, the devices commonly called DotTM operate in their own wireless frequency and are designed specifically for the unique need, independent from interference and unobtrusive to backbone networks. For these uses, MicroWireless eclipses other wireless technologies such as cell phones, EPC-RFID, Ultra-Wideband (UWB), Zig-Bee, Wi-Fi and Bluetooth which are not suited to the automated monitoring of personnel and assets in the enterprise because of unacceptable cost, size, reliability, infrastructure and power consumption constraints.

The core technology continues to be supported by a strong intellectual property foundation of patents and filings. The Company believes this portfolio will continue to open opportunities for IP monetization and strategic partnerships in the near term and long into the future.

Bringing to market the complete set of innovative functions of MicroWireless, creates an open architecture for multiple sources of data to be acquired to deliver previously inaccessible information 24/7 in real-time. These innovation and growth efforts continue to be supported by our shareholders and by key financial advisor, Amphion Innovations plc.

Twelve Months of 2009 Financial Results

Revenue for the twelve months of 2009 was $4,797,711, an increase of 219% from 2008. The increase in revenue is a result of the Caribbean Port Security Initiative in the first half of 2009. Add-on sales that are considered by the Company to represent a form of recurring revenue were 40% of total sales (excluding the Caribbean Port Security Initiative) in 2009 and 25% for 2008.

Gross margin was 61% or $2,931,626 for 2009 compared to 47% or $708,919 for 2008, reflecting an improved sales mix and including increased scope of the system installation for the Caribbean Port Security Initiative.

Research & development (R&D) expenses for the twelve months of 2009 totaled $1,077,208, compared to $2,229,590 in 2008. The decrease in R&D is due to the timing of the development of the next generation RFID product and reduction in salary expense, reflecting a lower headcount.

Selling, marketing, general & administrative (S, M, G & A) expenses for the twelve months of 2009 totaled $2,752,756, as compared to $2,699,964 in 2008. The expenses were mainly flat year over year. Axcess did increase selling expense as a result of higher sales and increased legal fees but were able to offset the majority of that with lower salary expense due to reduced headcount and lower advertising expense.

Other expense for 2009 totaled $224,033, as compared to $527,764 for 2008. The majority of the decrease in expense relates to lower interest expense as a result of the warrants issued in connection with convertible notes and an increase of the gain on vendor settlements recorded.

Net loss for the twelve months of 2009 was $1,143,369 as compared to $4,774,941 in the prior year. The decrease in the net loss is mainly related to the decrease in expenses as the Company developed the Dot, lower salary expense from reduced headcount and increased gross profit contribution.

Recurring preferred stock dividend requirements for 2009 was $95,263, as compared to $245,307 for 2008. The decrease in recurring dividends is the result of the 2003B preferred shares converting to common during 2009. Axcess also recorded a one-time dividend of $558,686 for the 2008 preferred stock issued in the first quarter of 2008, $187,501 for the 2008B preferred stock issued in the second half of 2008.

Net loss applicable to common stock for 2009 was $1,238,632, or $0.04 per share, compared to a loss of $5,766,435, or $0.19 per share for 2008. The difference in loss in the current year period from the prior year is primarily attributable to the preferred stock dividend requirements, a decrease in research and development relating to the Dot Wireless Credential and increased gross profit contribution from the Caribbean Port Security Initiative.

Conference Call

In conjunction with the earnings release, Axcess invites you to listen to its conference call Friday, February 26, 2010, at 12:00 p.m. (Eastern). To participate in the call, domestic callers can dial (888) 679-8035 and international callers can dial (617) 213-4848 and enter the reservation code "55406433." Participants should dial into the call about 10 minutes prior to the start time.

For those unable to attend the live conference call, a replay will be available by dialing (888) 286-8010 for domestic callers and (617) 801-6888 for international callers and entering the replay code "65622942." The replay will be available until April 15, 2010 beginning approximately two hours after the end of the call. There is no charge for participants to access the live event or replay.

The conference call and replay dial in information is also available at Axcess' Website at www.axcessinc.com.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

Axcess' on-demand webinars are viewable by linking to them from Axcess' Home page or clicking on the following links:

-- Emergency Evacuation Workforce Accounting
-- MicroWireless Process Automation


This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.


AXCESS INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

2009 2008

ASSETS

Current assets:

Cash and cash equivalents $ 65,534 $ 51,392

Accounts receivable - trade, net of
allowance for

doubtful accounts of $24,715 and $27,424 for
2009 and

2008, respectively. 142,213 92,844

Inventory, net 83,387 142,782

Prepaid expenses and other 46,631 43,100

Total current assets 337,765 330,118

Property, plant and equipment, net 16,727 18,969

Deferred debt issuance costs 12,500 18,750

Other assets 40,213 53,062

Total assets $ 407,205 $ 420,899

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:

Accounts payable (includes $15,253 and
$18,645 with

related party in 2009 and 2008, $ 831,484 $ 905,354
respectively)

Accrued liabilities 331,899 502,566

Accrued interest 1,246,812 1,112,862

Deferred revenue 9,342 22,222

Notes payable (includes $1,038,273 with a 162,000 1,200,273
related party in 2008)

Dividends payable 31,514 280,394

Total current liabilities 2,613,051 4,023,671

Notes payable to stockholders (includes
$,1,791,213 and

$393,787 with a related party in 2009 and
2008,

respectively) 4,248,772 2,696,346

Debt discount (682,478 ) (13,092 )

Total liabilities 6,179,345 6,706,925

Commitments and contingencies

Stockholders' deficit:

Convertible preferred stock, 10,000,000
shares authorized

in 2009 and 2008. Without liquidation
preferences; $0.01

par value, 4,550,211 and 6,125,211 shares
issued and

outstanding in 2009 and 2008, respectively 45,502 61,252

Common stock, $.01 par value, 70,000,000
shares

authorized in 2009 and 2008; 33,642,593
shares issued

and outstanding in 2009 and 31,204,931
shares issued and

outstanding in 2008. 336,426 312,050

Additional paid-in capital 167,385,813 165,641,922

Accumulated deficit (173,539,881 ) (172,301,250 )

Total stockholders' deficit (5,772,140 ) (6,286,026 )

Total liabilities and stockholders' deficit $ 407,205 $ 420,899





AXCESS INTERNATIONAL INC.

CONSOLIDATED STATEMENTS OF OPERATION

(Unaudited)

2009 2008

Sales $ 4,797,711 $ 1,504,924

Cost of sales 1,866,085 796,005

Gross profit 2,931,626 708,919

Expenses:

Research and development 1,077,208 2,229,590

General and administrative 1,475,136 1,507,703

Selling and marketing 1,277,620 1,192,261

Depreciation and amortization 20,998 26,542

Operating expenses 3,850,962 4,956,096

Loss from operations (919,336 ) (4,247,177 )

Other income (expense):

Interest expense (311,065 ) (485,253 )

Gain on vendor settlements, statuary write-off

and other 87,032 (42,511 )

Other income (expense), net (224,033 ) (527,764 )

Net loss (1,143,369 ) (4,774,941 )

Preferred stock dividend requirements

Recurring (95,263 ) (245,307 )

2008 Preferred equity offering (558,686 )

2008B Preferred equity offering (187,501 )

Preferred stock dividend requirements (95,263 ) (991,494 )

Net loss applicable to common stock $ (1,238,632 ) $ (5,766,435 )

Basic and diluted net loss per share $ (0.04 ) $ (0.19 )

Weighted average shares of common stock 32,573,548 30,252,074
outstanding







Source: Axcess International Inc.


Copyright Business Wire 2010

AXSI $0.44 Debuts New Local Area Wireless Business Credential Product.......


Axcess International Debuts New Local Area Wireless Business Credential Product

Business Wire - Feb 25 at 09:34

Company Symbols: NASDAQ-OTCBB:AXSI


Dot Wireless CredentialTM Extends Existing Access Control to Internal Enterprise Applications

DALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB:AXSI), a leader in local area wireless real -time business activity monitoring and control solutions, has announced Dot Wireless CredentialTM, a local area wireless business credential product that gives businesses the option to augment existing access control and ID systems to provide dramatic, new added-value solutions inside the enterprise in a single ID card. As a first of its kind, this card combines short range manual ID and facility wide auto ID. Previous generations have been successful in enhancing security, safety and productivity across multiple industry segments gobally. The product will be demonstrated at the International Security Conference (ISC - West) at the Sands Convention Center in Las Vegas from March 24 to 26. In addition to demonstrations in Axcess' booth (number 20145) in the Access Control section, it will be shown in the booths of HID Global (number 12051) and ADT (number 24051).

Dot is based on Axcess' patented MicroWirelessTM technology, which is built around RFID principles specifically designed for robust, low cost energy-efficient wireless messaging and optimized for automatic identification, sensing and control solutions. It eclipses architectures such as Wi-Fi and battery-assisted passive RFID where size, cost, signal robustness and power management are problematic.

The new product uniquely addresses both very short range and long range uses by incorporating existing manual access control codes based on a license agreement with HID Global to use HID proximity technology in Axcess' Dot Wireless Credential product. Axcess' Dot Wireless Credential encompasses local location identification, sensing and control capabilities. HID proximity technology is recognized as the industry standard for low frequency physical access control. By combining HID Global's strength in secure credentialing with Axcess' solutions, a single secure credential can be used to solve additional business problems cost-effectively and conveniently throughout an enterprise. Axcess is authorized to use HID technology and applicable patents in its Wireless Credentials under the Genuine HID TechnologyTM program.

"Dot Wireless Credential is the access control badge of the future delivered today in an all around business credential," commented Allan Griebenow, President & CEO of Axcess International. "We are introducing a local area wireless platform in card form with the capacity to add features tailored to specific uses and to keep things simple for the user by combining functions into a single card. Automated visibility into enterprise labor and assets has proven its value, and the options now are endless."

Axcess' Dot Wireless Credential product enables existing HID 26-bit proximity technology and Corporate 1000(TM) access control systems to be expanded easily into advanced workforce management solutions for improving security, safety, compliance reporting and efficiency. Wireless Credentials provide businesses real time visibility into the location and status of their labor and assets inside their operation. Wireless Credentials also enable numerous applications that have proven to provide near immediate returns for customers across multiple industry segments. Axcess' Dot Wireless Credentials were used to help protect President Obama during last year's visit to Trinidad for the 5th Summit of the Americas Conference. The many applications proven in worldwide use include:

-- Automated Internal Zonal Security Monitoring - made possible by Axcess'
technology
-- Automated Visitor Management - for enhanced security and no escort
burden
-- Contractor Time and Attendance Data Collection - for improving billing
accuracy as much as 14%
-- Automatic Asset Protection (via automated asset-to-custodian linking) -
for labor optimization and asset protection, saving typically 10% of the
asset base annually
-- Emergency Evacuation Accounting (required by law) - for improving life
safety in the event of a catastrophe
-- Real-Time Personnel Performance Measurement - for labor supervision and
optimization
-- Automatic Compliance Reporting - for management and government agencies
-- Process Automation - for efficiencies where personnel, asset and
material activities are automated
-- Business Intelligence (BI) Data Collection - enables real-time,
continuous data collection of personnel and asset movements for BI
initiatives


The license agreement between HID Global and Axcess International was established under the Advantage HID Connect(TM) Partner program, which offers a variety of marketing opportunities to help partners leverage the HID Global brand and installed base. Through this worldwide network of HID Global partners, end-users can easily find third-party solutions that solve business needs through the innovative use of HID technology. The Genuine HID Technology(TM) trademark provides customers with the means to quickly identify third-party products that are manufactured using authentic HID Global technology.

"We are pleased to have the opportunity to work with Axcess International," said Debra Spitler, HID Global's vice president of HID Connect. "The Axcess Dot Wireless Credential allows users of HID proximity technology to continue to experience the convenience and security of HID proximity technology for physical access while expanding the use of the same credential for other applications."

Interested parties may contact sales@axcessinc.com to set up meetings at ISC West.

Axcess' on-demand webinars are viewable by linking to them from Axcess' Home page or clicking on the following links:

-- Emergency Evacuation Workforce Accounting
-- MicroWireless Process Automation


About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.




Source: Axcess International Inc.

AXSI.. $0.44

Axcess International to Announce Record Revenues on Earnings Call

Business Wire - Feb 22 at 09:00

Company Symbols: NASDAQ-OTCBB:AXSI


2009 Earnings Release Conference Call on February 26th

DALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB: AXSI), a leader in local area wireless identification and sensing solutions, announced today that it will release year end 2009 earnings results after the market closes on February 25, 2010. Axcess' management will conduct a conference call on Friday, February 26, 2010, at 12:00 PM Eastern Time to discuss the financial and operating performance for the reporting period.

The Company's Dot Wireless CredentialsTM deliver visibility into the location and status of their labor and assets inside their operations for improved security, safety and productivity. Wireless credentials enable numerous applications proven to provide near immediate returns for customers, leveraging the $9 billion worldwide market for access control systems.

Axcess' DotTM Wireless Credentials were recently used to provide internal security to help protect President Obama during his 2009 visit to Trinidad for the 5th Summit of the Americas Conference. Late last year the Company announced a unique licensing agreement with HID Global to make the Dot credentials work with existing 26-bit access control infrastructures residing in the majority of enterprise facilities worldwide. Designed to take current access control badges beyond their manual door control limitations, the added value internal applications include: automated visitor tracking, automatic time and attendance data collection, automatic asset protection, emergency evacuation accounting, real-time personnel performance measurement, automatic compliance reporting, labor-asset process automation and business intelligence data delivery.

Axcess' President and CEO Allan Griebenow will discuss the results of the fourth quarter and year end, the new licensing and partner agreement announced with HID Global and the Company's recent investment round.

To participate in the call, domestic callers can dial (888) 679-8035 and international callers can dial (617) 213-4848 and enter the reservation code "55406433." Participants should dial into the call about 10 minutes prior to the start time. For those unable to attend the live conference call, a replay will be available by dialing (888) 286-8010 for domestic callers and (617) 801-6888 for international callers and entering the replay code "65622942." The replay will be available until April 15, 2010 beginning approximately two hours after the end of the call. There is no charge for participants to access the live event or replay. The conference call and replay dial-in information is also available on Axcess' Web site at www.axcessinc.com.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for real-time business activity monitoring encompassing local location identification, sensing and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel badges by automating tasks that increase productivity, security, safety and business intelligence. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices around the local enterprise. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release may contain forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. These and other factors are discussed in the Company's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K.



Source: Axcess International Inc.

AXSI.. $0.44

PRESS RELEASE: Axcess International Reports Third Quarter 2009 Results

Dow Jones & Company, Inc. - Nov 13 at 10:11

Company Symbols: NASDAQ-OTCBB:AXSI


DALLAS--(BUSINESS WIRE)--November 13, 2009--

Axcess International Inc. (OTCBB: AXSI), a leading provider of wireless credential systems for business activity monitoring and control, today reported results for the third quarter ending September 30, 2009.

Highlights for the Third Quarter Ended September 30, 2009

-- Third Quarter 2009 Revenue of $.2MM down $2.9MM over Second Quarter 2009

-- Year To Date 2009 Revenue of $4.4MM up $3.3MM versus Year To Date 2008
due to large international order completed in June 2009

-- Record revenue forecasted for CY 2009 based on port contract total of
$3.54MM

-- Year To Date loss of $0.8MM, or $0.02 per share for Q3 2009

-- Gross margin percentage of 62% Year To Date 2009

-- In 3Q 2009, an entry level Wireless Credential product bundle was
introduced into the new security market distribution channel for greater
sales leverage

-- In 3Q 2009, Axcess Announced it has become a Marketing Partner and
Licensee of Genuine HID proximity access control technology to be the
first to provide standard access control and advanced workforce
applications in a single credential

-- Axcess' Patented MicroWireless technology continues to demonstrate
competitive advantages and opportunities for future innovations

"As we highlighted last quarter, our 2009 financials continue to be dominated by our Caribbean Port Security Initiative," said Allan Griebenow, president and CEO of Axcess. Mr. Griebenow further stated, "Following a second successful implementation on the world stage last spring, we are working to further replicate our physical infrastructure security wins in the U.S., in the region, and farther abroad. In the quarter, we took steps to position our DotTM Wireless Credential line for sale through traditional physical security market channels where it is unique in providing multiple advanced workforce management application solutions in and around business facilities. We implemented an entry level product bundle so integrators can more easily buy our solution through security distributors. We became a marketing partner of HID, and successfully licensed and embedded their worldwide dominant proximity access control technology into our Wireless Credential to provide the world's first single card solution for both access and advanced internal applications. Our plan now is to build our integrator sales channel for greater sales leverage. We are well positioned for growth in 2010 as we continue to focus on making our wireless credential the world's next generation business credential."

Corporate and Industry Developments

Axcess' systems for business and government use specialized MicroWireless technology to wirelessly enable "things" for real-time business activity monitoring, automation and control solutions. The systems directly increase productivity, security and safety and offer short term ROIs in virtually all industries.

Axcess transforms common manual identification products into wireless devices capable of automated identification, tracking and sensing. As an example, Axcess transforms manual access control badges into wireless personnel credentials for advanced workforce management, safety and security. These include applications such as high speed access control, internal security tracking, emergency evacuation management, automatic asset protection and visitor tracking for security and compliance reporting. Systems are also used for contractor time and attendance data collection, safety tracking and compliance reporting, as well as workforce time and motion data collection for business process improvement and business intelligence initiatives.

The Port contract won and implemented early in the year was successfully completed, and Axcess has been credited for its role in successfully securing the facility and the 34 heads of state participating in the Fifth Summit of the Americas April conference in Trinidad. Systems include visitor and vehicle tracking, emergency evacuation accounting, internal zonal security, wireless WMD sensing, various security scanners and other equipment designed to enhance security solutions and resources. The Company continues to work toward replicating its successes at additional ports, airports and other critical infrastructure facilities worldwide.

To leverage its success in Wireless Credential applications the Company introduced its DotTM Wireless Credential product into the security distribution sales channel as a bundled system so existing proximity access control systems can be easily expanded into advanced workforce management solutions for improving security, safety, compliance reporting and efficiency. Wireless Credentials provide businesses visibility into the location and status of their labor and assets inside their operations.

Wireless Credentials have proven to provide near immediate return on investment for customers as part of the rapidly growing $9 billion worldwide market for access control systems. Axcess announced in the quarter it has entered into a license agreement with HID Global to use HID proximity technology in the Axcess' DotTM Wireless Credential product. Axcess' DotTM Wireless Credential encompasses local location identification, tracking and control capabilities. HID proximity technology is recognized as the industry standard for low frequency physical access control. By combining HID Global's strength in secure credentialing with Axcess' solutions, a single secure credential can be used to cost-effectively and conveniently solve additional business problems throughout an enterprise.

Axcess' DotTM Wireless Credential product is designed to enable existing proximity access control systems to be expanded easily beyond the front door into advanced workforce management solutions inside for improving security, safety, compliance reporting and efficiency. Wireless Credentials provide businesses real time visibility into the location and status of their labor and assets inside their operation. Wireless Credentials also enable numerous applications that have proven to provide near immediate returns for customers across multiple industry segments. Axcess is authorized to use HID technology and applicable patents in its Wireless Credentials under the Genuine HID TechnologyTM program.

MicroWireless communications has been proven to represent the technological sweet spot where autonomous wireless identification and data transfer are best enabled in very small, low cost battery-powered devices. Regardless of their hardware platform or form factor, devices or tags commonly called DotsTM operate in their own wireless frequency and are designed specifically for the unique need, independent from interference and unobtrusive to backbone networks. For these uses, MicroWireless eclipses other wireless technologies such as cell phones, EPC-RFID, Ultra-Wideband (UWB), Zig-Bee, Wi-Fi and Bluetooth which are not suited to the automated monitoring of personnel and assets in the enterprise because of unacceptable cost, size, reliability, infrastructure and power consumption constraints.

The core technology is supported by a strong intellectual property foundation of patents and filings. The Company believes this portfolio will continue to open up opportunities for IP monetization and strategic partnerships in the near term and long into the future.

Bringing to market the complete set of innovative functions of MicroWireless creates an open architecture for multiple sources of data to be acquired to deliver previously inaccessible information 24/7 in real-time. These innovation and growth efforts continue to be supported by our shareholders and by key financial advisor, Amphion Innovations plc.

Third Quarter and First Nine Months of 2009 Financial Results

Revenue was $213,164 for the three months ended September 30, 2009 compared to $511,190 for the three months ended September 30, 2008. Revenue for the Nine months of 2009 was $4,452,681 compared to $1,175 022 for the same period in 2008. The increase in sales is a result of the Trinidad Contract awarded in January 2009. Add-on sales that are considered by the Company to represent a form of recurring revenue was 73% of total sales in the third quarter 2009 and 41% for the nine months of 2009.

Gross margin was 37% or $79,423 in the third quarter 2009 as compared to 51% or $260,292 in the 2008 period, and 62% or $2,775,037 in the nine months of 2009 as compared to 48% or $559,528 in the nine months of 2008. The year to date increase in gross margin was due to a change in product mix as a result of the Trinidad Contract awarded in January 2009.

Research & Development (R&D) expenses for the third quarter totaled $257 137, compared to $451,274 in the prior year period and $805,736 for the nine months of 2009, compared to $1,858,962 for the nine months of 2008. The decrease in R&D is due to the timing of the development of the next generation RFID product which we continue to expense as it is incurred.

Selling, Marketing, General and Administrative (S, M, G & A) expenses for the third quarter totaled $522,149, as compared to $658,558 in the prior year period and $2,183,723 for the nine months of 2009, as compared to $2,048,108 for the nine months of 2008. The majority of the increase relates to an increased selling expense relating to the Trinidad contract.

Other expenses for the third quarter of 2009 totaled $53,776, as compared to $ 100,296 for the prior year period in 2008 and $173,594 for the nine months of 2009 compared to $392,537 for the nine months of 2008. The majority of the decrease relates to the decreased interest expense recorded in connection with the issuance of warrants to the convertible notes issued during 2008.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=DSl7HQqkY3qF8fSdn4RiYA%3D%3D. You can use this link on the day this article is published and the following day.


(MORE TO FOLLOW) Dow Jones Newswires
11-13-09 1011ET

Added on 11/13 at 10:11 PRESS RELEASE: Axcess International Reports Third -2-
Net loss for the third quarter of 2009 was $759,348 as compared to $952 815 in the prior year period and $403,447 for the nine months of 2009 as compared to $ 3,750,020 in the nine months of 2008. The decrease in the net loss is mainly related to the increased margin contribution of the Trinidad contract, lower research and development expenses and lower interest expense.

Recurring preferred stock dividend requirements for the third quarter of 2009 was $0 and $39,883 for 2008 and $95,263 for the nine months of 2009 and $188,430 for the nine months of 2008. Axcess also recorded a one-time dividend of $558, 686 and $171,984 for the preferred stocks issued during the nine months of 2008.

Net loss applicable to common stock for the 2009 third quarter was $759 348, or $0.02 per share, compared to a loss of $1,164,682 or $0.04 per share, for the third quarter of 2008 and $498,710 or $0.02 per share for the nine months of 2009 compared to $4,669,120 or $0.16 per share for the same period in 2008.

Conference Call

In conjunction with the earnings release, Axcess invites you to listen to its conference call Friday, November 13, 2008 at 12:00 p.m. (Eastern). To participate in the call, domestic callers can dial (888) 713-4213 and international callers can dial (617) 213-4865 and enter the reservation code " 95282225." Participants should dial into the call about 10 minutes prior to the start time.

For those unable to attend the live conference call, a replay will be available by dialing (888) 286-8010 for domestic callers and (617) 801-6888 for international callers and entering the replay code "56556313." The replay will be available for one month beginning approximately two hours after the end of the call. There is no charge for participants to access the live event or replay.

The conference call and replay dial in information is also available at Axcess' Website at www.axcessinc.com.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides wireless business activity monitoring solutions including its intelligent Wireless Credentials for business encompassing local location identification, tracking and control capabilities. Using its patented MicroWirelessTM technology platform, the complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. Real-time data from labor activities also enable previously unattainable business intelligence and analytics initiatives. MicroWireless -- based on active RFID principles -- is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). Additional information on Axcess is available on the Company's Web site at www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.

AXCESS INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)

September 30, December 31,
2009 2008
-------------- ----------------
ASSETS

Current assets:
Cash and cash equivalents $ 80,833 $ 51,392
Accounts receivable - trade, net of
allowance for doubtful accounts of
$30,132 and $27,424 for 2009 and
2008, respectively. 130,212 92,844
Inventory, net 74,874 142,782
Prepaid expenses and other 61,971 43,100
------------ ------------

Total current assets 347,890 330,118

Property, plant and equipment, net 19,705 18,969
Deferred debt issuance costs 14,062 18,750
Other assets 45,737 53,062
------------ ------------

Total assets $ 427,394 $ 420,899
============ ============

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
Accounts payable (includes $2,891
and $18,645 with related party in
2009 and 2008, respectively) $ 765,018 $ 905,354
Accrued liabilities 385,106 502,566
Accrued interest 1,271,816 1,112,862
Deferred revenue 14,652 22,222
Notes payable (includes $1,038,273
with a related party in 2009 and
2008) 1,200,273 1,200,273
Dividends payable 31,515 280,394
------------ ------------
Total current liabilities 3,668,380 4,023,671

Notes payable (includes $393,787
with a related party in 2009 and
2008), net of discount of $0 and
$13,092 in 2009 and 2008,
respectively 2,696,346 2,683,254
------------ ------------

Total liabilities 6,364,726 6,706,925

Commitments and contingencies
Stockholders' deficit:
Convertible preferred stock,
10,000,000 shares authorized in
2009 and 2008. Without liquidation
preferences; $0.01 par value,
4,550,211 and 6,125,211 shares
issued and outstanding in 2009 and
2008, respectively 45,502 61,252
Common stock, $.01 par value,
70,000,000 shares authorized in
2009 and 2008; 33,642,593 shares
issued and outstanding in 2009 and
31,204,931 shares issued and
outstanding in 2008. 336,426 312,050
Additional paid-in capital 166,480,699 165,641,922
Accumulated deficit (172,799,959) (172,301,250)
------------ ------------

Total stockholders' deficit (5,937,332) (6,286,026)
------------ ------------

Total liabilities and
stockholders' deficit $ 427,394 $ 420,899
============ ============



AXCESS INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF OPERATION
(Unaudited)

Three Months Ended Nine Months Ended
September 30, September 30,
-------------------------- ---------------------------

-

2009 2008 2009 2008
---------- ---------- ---------- ----------

Sales $ 213,164 $ 511,190 $ 4,452,681 $ 1,175,022
Cost of sales 133,741 250,898 1,677,644 615,494
---------- ---------- ---------- ----------

Gross profit 79,423 260,292 2,775,037 559,528
Expenses:
Research and
development 257,137 451,274 805,736 1,858,962
General and
administrative 361,599 359,703 1,096,522 1,105,511
Selling and
marketing 160,550 298,855 1,087,201 942,597
Depreciation and
amortization 5,709 2,979 15,431 9,941
---------- ---------- ---------- ----------

Operating
expenses 784,995 1,112,811 3,004,890 3,917,011
---------- ---------- ---------- ----------

Loss from
operations (705,572) (852,519) (229,853) (3,357,483)

Other income (expense):
Interest expense (55,453) (102,512) (233,949) (397,071)
Gain on vendor
settlements 1,677 2,216 60,355 4,534
---------- ---------- ---------- ----------

Other
income
(expense),
net (53,776) (100,296) (173,594) (392,537)
---------- ---------- ---------- ----------

Net loss (759,348) (952,815) (403,447) (3,750,020)
---------- ---------- ---------- ----------

Preferred stock
dividend
requirements:
Recurring -- (39,883) (95,263) (188,430)
2008 Preferred
equity offering -- -- -- (558,686)
2008B Preferred
equity offering -- (171,984) -- (171,984)
---------- ---------- ---------- ----------
Preferred stock
dividend
requirements -- (211,867) (95,263) (919,100)
---------- ---------- ---------- ----------

Net loss
applicable to

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=DSl7HQqkY3qF8fSdn4RiYA%3D%3D. You can use this link on the day this article is published and the following day.


(MORE TO FOLLOW) Dow Jones Newswires
11-13-09 1011ET

Added on 11/13 at 10:11 PRESS RELEASE: Axcess International Reports Third -3-
common stock $ (759,348) $(1,164,682) $ (498,710) $(4,669,120)
========== ========== ========== ==========

Basic and diluted net
loss per share $ (0.02) $ (0.04) $ (0.02) $ (0.16)
========== ========== ========== ==========

Weighted average shares
of common stock
outstanding 33,625,582 30,813,627 32,213,284 29,932,137
========== ========== ========== ==========


CONTACT: Public Relations

Driver Public Relations

Kenni Driver,

972-978-6455

kenni.driver@driverpr.com

or

Axcess Contact

Axcess

International

Allan Frank, CFO,

972-407-6080

afrank@axcessinc.com

or

Investor Relations

EPOCH Financial

Group

James Kautz, 888-654-5318

jkautz@epochfinancial.com

SOURCE: Axcess International Inc. Copyright Business Wire 2009

AXSI.. Third Quarter 2009 Earnings Release Conference Call on November 13th

Axcess International to Announce Record Revenues on Earnings Call

Business Wire - Nov 06 at 09:57

Company Symbols: NASDAQ-OTCBB:AXSI


Third Quarter 2009 Earnings Release Conference Call on November 13th

DALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB: AXSI), a leader in automated wireless identification, tracking and sensing solutions, announced today that it will release third quarter earnings results after the market closes on November 12, 2009. Axcess' management will conduct a conference call on Friday, November 13, 2009, at 12:00 PM Eastern Time to discuss the financial and operating performance for the reporting period.

The Company's universal Wireless Credentials not only provide businesses high speed access control to enter facilities, but also uniquely deliver visibility into the location and status of their labor and assets inside their operations. Wireless credentials enable numerous applications to have proven to provide near immediate returns for customers as part of the rapidly growing $9 billion worldwide market for access control systems.

Axcess' DotTM Wireless Credentials were recently used to provide internal security to help protect President Obama during his April visit to Trinidad for the 5th Summit of the Americas Conference. Other applications include: automated visitor tracking, automatic time and attendance data collection, automatic asset protection, emergency evacuation accounting, real-time personnel performance measurement, automatic compliance reporting, labor-asset process automation and business intelligence data delivery.

Axcess' President and CEO, Allan Griebenow will discuss the results of the quarter, the new licensing and partner agreement announced with HID Global and the Company's recent investment round.

To participate in the call, domestic callers can dial (888) 713-4213 and international callers can dial (617) 213-4865 and enter the reservation code "95282225." Participants should dial into the call about 10 minutes prior to the start time. For those unable to attend the live conference call, a replay will be available by dialing (888) 286-8010 for domestic callers and (617) 801-6888 for international callers and entering the replay code "56556313." The replay will be available for one month beginning approximately two hours after the end of the call. There is no charge for participants to access the live event or replay. The conference call and replay dial-in information is also available on Axcess' Web site at www.axcessinc.com.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides intelligent Wireless Credentials for business encompassing local location identification, tracking and control capabilities using its patented MicroWirelessTM technology platform. The complete system solutions supersede existing manual personnel badges by automating various workforce management tasks that increase productivity, security, safety and business intelligence. Real-time data from labor activities also enable previously unattainable business intelligence and analytics initiatives. MicroWireless - based on active RFID principles - is the economic and technological sweet spot for autonomously-powered low cost, miniature, remote communication devices. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release may contain forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. These and other factors are discussed in the Company's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K.



Source: Axcess International Inc.

Axcess International Reports First Quarter 2009 Results
May 14, 2009 10:43:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesDALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB: AXSI), a leading provider of wireless business activity automation solutions, today reported results for the first quarter ended March 31, 2009.

Highlights for the Quarter ended March 30, 2009

-- Record revenue in Q'1 2009 of $1.08MM compared to $.2MM for Q'1 2008 due
to the contract for the port infrastructure security system upgrade in
Trinidad & Tobago
-- Record revenue forecasted for CY 2009 based on port award total of
$3.54MM
-- Profitability forecasted for Q'2 2009 as a result of port solution
implementation timing
-- Gross margin of 31% lower than average due to port contract
implementation timing
-- Full year expectation for gross margins remains in 40-50% range
-- Net loss per share of $0.03 improved due to revenue increase
-- Axcess implemented its Micro-Wireless solution into Microsoft BizTalk
Server 2009
-- Micro-Wireless technology continues to demonstrate competitive
advantages and opportunities for future innovations

"The first quarter was dominated by our port security system infrastructure upgrade contract for the Port of Port of Spain in Trinidad & Tobago," said Allan Griebenow, president and CEO of Axcess. Mr. Griebenow further stated, "We have been credited for our role in successfully securing the facility and the 34 heads of state participating in the Fifth Summit of the Americas April conference held in Trinidad. As our second such installation, we believe we have demonstrated on the world stage how advanced wireless technologies, and Micro-Wireless technology in particular are necessary elements of advanced security system solutions."

Corporate and Industry Developments

Axcess' systems for business and government use specialized Micro-Wireless technology to wirelessly enable "things" for real time business activity automation solutions. The systems directly increase productivity, security, safety and offer short term ROI's in traditional industries. Via its Micro-Wireless communications, Axcess transforms common manual identification products into wireless devices capable of automated identification, tracking and sensing.

Axcess turns manual property labels, bar codes, etc. into wireless asset tags capable of automating enterprise asset management including automatic asset inventory, locating, tracking and protection. Axcess turns manual access control badges into wireless personnel credentials for advanced workforce management, safety and security. These include applications such as contractor time and attendance data collection, visitor tracking for security and compliance, safety tracking and compliance reporting, and workforce time and motion data collection and productivity management. Systems are also used for advanced worker location determination and emergency evacuation management.

Micro-Wireless communications has been proven to represent the technological sweet spot where autonomous wireless identification and data transfer are best enabled in very small, low cost battery-powered devices. Regardless of their hardware platform or form factor, devices or tags commonly called DotsTM operate in their own wireless frequency and are designed specifically for the unique need, independent from interference and unobtrusive to backbone networks. Micro-Wireless eclipses other wireless technologies such as cell phones, EPC-RFID, Ultra-Wideband (UWB), Zig-Bee, Wi-Fi and Bluetooth which are not suited to the automated monitoring of personnel and assets in the enterprise because of unacceptable cost, size, reliability, infrastructure and power consumption constraints.

In Q'1, Axcess won a competitive tender valued initially at $3.54MM for its port infrastructure solutions, including visitor and vehicle tracking, wireless WMD sensing, various security scanner solutions and other equipment designed to enhance the security solutions and resources at the main port, The Port of Port-of-Spain in Trinidad & Tobago. The final value of the contract will be slightly higher due to additional items procured following the award. The award is Axcess' second in the region, following the 2007 award in Barbados. Based upon the new award and its traditional channel partner sales, Axcess is forecasting profitability for the second quarter 2009 and record revenues for CY/FY 2009.

During the quarter, Axcess successfully implemented its patented Micro-Wireless system into the Microsoft BizTalk Server platform. BizTalk Server 2009 provides a solution that allows organizations to more easily connect disparate systems, and then process the composite of information through pre-defined rules to automate new areas of business operations. The collaboration between Axcess and Microsoft Corp. will enable the collection of previously unavailable real-time business activity information through Axcess' "active" RFID system which wirelessly enables assets, personnel and sensors. The strategic relationship results in an expanded set of tools that customers can use to drive productivity. BizTalk Server is used by ninety percent of the Global 100, including the majority of retailers, hotel chains and the largest U.S. companies in pharmaceuticals, chemicals, railroads, telecommunications and aerospace and defense, opening additional sales avenues to Axcess. The unique aspect of Axcess' Micro-Wireless technology is that the powered wireless devices attached to assets and personnel autonomously collect their exact location ID and status that can be provided directly to Microsoft BizTalk Server without a central processing element required by RFID and RTLS systems.

Bringing to market the complete set of innovative functions of Micro-Wireless creates an open architecture for multiple sources of data to be acquired to deliver previously inaccessible information 24/7 in real-time. These innovation and growth efforts continue to be supported by our shareholders and by key financial advisor Amphion Innovations plc.

First Quarter 2009 Financial Results

Revenue was $1,082,682 for the three months ended March 31, 2009 compared to $176,486 for the same quarter in 2008. The majority of the increase relates to the Trinidad contract that was sold in 2009.

Gross margin was 31% or $336,708 in the first quarter 2009 as compared to 40% or $70,759, in the same quarter in 2008. The 2009 margin percentage was adversely affected by the Trinidad transaction. However, we continue to believe our margins will be stable in the 40%-50% range.

Research & development (R&D) expenses for the first quarter totaled $309,359, compared to $871,590 in the year-ago period. The decrease in R&D is due to the timing of the development of the next generation RFID product that was launched in the fourth quarter of 2007.

Selling, marketing, general & administrative (SMG&A) expenses for the first quarter totaled $719,012, as compared to $713,485 in the prior year period. We did have a significant increase in selling expenses in connection with the Trinidad transaction; however, we were able to offset them with lower headcount in the selling and marketing area and lower marketing initiatives.

Other expense for the first quarter of 2009 totaled $63,551, as compared to $116,423 for the same period in 2008. The majority of the change was relating to an increase in the gain on vendor settlements during 2009.

Net loss for the first quarter of 2009 was $759,878, as compared to $1,635,031 in the prior year's first quarter. The decrease in the net loss is a result of the decrease in research and development for the next generation RFID platform and the impact of the Trinidad contract.

Recurring preferred stock dividend requirements for the first quarter of 2009 was $47,466, compared to $76,955 for the same period in 2008. The majority of the decrease is due to the conversion of several of the preferred shareholders converting their shares to common stock.

Net loss applicable to common stock for the first quarter of 2009 was $807,344, or $0.03 per share, compared to a loss of $1,711,986, or $0.06 per share, for the first quarter of 2008. The difference in loss in the current year period from the prior year is primarily attributable to the decrease in R&D and the impact of the Barbados Contract.

Conference Call

In conjunction with the earnings release, Axcess invites you to listen to its conference call Thursday, May 14, 2009, at 12:00 A.M. (Eastern). To participate in the call, domestic callers can dial (888) 680-0865 and international callers can dial (617) 213-4853 and enter the reservation code "96426390." Participants should dial into the call about 10 minutes prior to the start time.

For those unable to attend the live conference call, a replay will be available by dialing (888) 286-8010 for domestic callers and (617) 801-6888 for international callers and entering the replay code "68051096." The replay will be available for one month beginning approximately two hours after the end of the call. There is no charge for participants to access the live event or replay. The conference call and replay dial in information is also available at Axcess' Website at www.axcessinc.com.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides wireless automatic identification and sensing solutions for real-time business activity automation. When embedded into vehicle passes, property tags, personnel badges and sensors, its revolutionary and patented Micro-Wireless technology enables automatic local-area wireless data collection and control applications. The systems improve productivity, security and safety and enable personalized education and entertainment. Typical applications include: "hands-free" access control, automatic advanced workforce management, immersive entertainment, workflow management, asset monitoring and distributed sensing. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.


AXCESS INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 31, December 31,

2009 2008

ASSETS

Current assets:

Cash and cash equivalents $ 163,879 $ 51,392

Accounts receivable - trade, net of
allowance for doubtful accounts of $30,320 97,449 92,844
and $27,424 for 2009 and 2008, respectively.

Inventory, net 81,906 142,782

Prepaid expenses and other 373,580 43,100

Total current assets 716,814 330,118

Property, plant and equipment, net 16,894 18,969

Deferred debt issuance costs 17,187 18,750

Other assets 50,474 53,062

Total assets $ 801,369 $ 420,899

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:

Accounts payable (includes $15,446 and
$18,645 with related party in 2009 and 2008, $ 980,799 $ 905,354
respectively)

Accrued liabilities 388,364 502,566

Accrued interest 1,165,171 1,112,862

Deferred revenue 946,771 22,222

Notes payable (includes $1,038,273 with a 1,200,273 1,200,273
related party in 2009 and 2008)

Dividends payable 325,947 280,394

Total current liabilities 5,007,325 4,023,671

Notes payable (includes $393,787 with a
related party in 2009 and 2008), net of 2,686,870 2,683,254
discount of $9,476 and $13,092 in 2009 and
2008, respectively

Total liabilities 7,694,195 6,706,925

Commitments and contingencies

Stockholders' deficit:

Convertible preferred stock, 10,000,000
shares authorized in 2009 and 2008. Without
liquidation preferences; $0.01 par value, 61,152 61,252
6,115,211 and 6,125,211 shares issued and
outstanding in 2009 and 2008, respectively

Common stock, $.01 par value, 70,000,000
shares authorized in 2009 and 2008;
31,222,016 shares issued and outstanding in 312,220 312,050
2009 and 31,204,931 shares issued and
outstanding in 2008.

Additional paid-in capital 165,842,396 165,641,922

Accumulated deficit (173,108,594 ) (172,301,250 )

Total stockholders' deficit (6,892,826 ) (6,286,026 )

Total liabilities and stockholders' deficit $ 801,369 $ 420,899




AXCESS INTERNATIONAL INC.

CONSOLIDATED STATEMENTS OF OPERATION

(Unaudited)

Three Months Ended

March 31,

2009 2008

Sales $ 1,082,682 $ 176,486

Cost of sales 745,974 105,727

Gross profit 336,708 70,759

Expenses:

Research and development 309,359 871,590

General and administrative 324,453 387,435

Selling and marketing 394,559 326,050

Depreciation and amortization 4,664 4,292

Operating expenses 1,033,035 1,589,367

Loss from operations (696,327 ) (1,518,608 )

Other income (expense):

Interest expense, net (107,361 ) (116,494 )

Gain on vendor settlements 43,810 71

Other expense, net (63,551 ) (116,423 )

Net loss (759,878 ) (1,635,031 )

Preferred stock dividend requirements (47,466 ) (76,955 )

Net loss applicable to common stock $ (807,344 ) $ (1,711,986 )

Basic and diluted net loss per share $ (0.03 ) $ (0.06 )

Weighted average shares of common stock 31,211,006 29,388,883
outstanding






Source: Axcess International Inc.


----------------------------------------------
Public Relations
Driver Public Relations
Kenni Driver
972-978-6455
kenni.driver@driverpr.com
or
Axcess Contact
Axcess International
Allan Frank
CFO
972-407-6080
afrank@axcessinc.com
or
Investor Relations
James Kautz
888-654-5318
jkautz@epochfinancial.com

Axcess Integrates Micro-Wireless into Microsoft BizTalk Server Environment
Long, Short Range RFID and Sensors Enabled for Improving Business Intelligence
May 12, 2009 9:34:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesDALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB: AXSI), a leader in automated identification, tracking and sensing solutions, announced today that it successfully implemented its patented Micro-Wireless system into the Microsoft BizTalk Server platform. BizTalk Server 2009 provides a solution that allows organizations to more easily connect disparate systems, and then process the composite of information through pre-defined rules to automate new areas of business operations. The collaboration between Axcess and Microsoft Corp. will enable the collection of previously unavailable real-time business activity information through Axcess' "active" RFID system which wirelessly enables assets, personnel and sensors. The strategic relationship results in an expanded set of tools that customers can use to drive productivity. BizTalk Server is used by ninety percent of the Global 100, including the majority of retailers, hotel chains and the largest U.S. companies in pharmaceuticals, chemicals, railroads, telecommunications and aerospace and defense, opening additional sales avenues to Axcess.

Including over 25 multi-platform adapters and a robust messaging infrastructure, BizTalk Server provides connectivity between core systems inside and outside your organization. In addition to integration functionality, BizTalk Server also provides strong durable messaging, a rules engine, EDI connectivity, Business Activity Monitoring (BAM), RFID capabilities and IBM Host/Mainframe connectivity. BizTalk Server 2009 helps organizations meet the challenges of integrating diverse systems. Most organizations have a multitude of systems and technologies that are required for their daily operations. By bringing these technologies together in an agile and scalable way, BizTalk Server 2009 can help unleash the potential of your existing infrastructure.

Axcess' systems for business and government use specialized Micro-Wireless technology to wirelessly enable "things" for real time business activity automation solutions. The systems directly increase productivity, security, safety and offer short term ROI's in traditional industries. Via its Micro-Wireless communications, Axcess transforms common manual identification products into wireless devices capable of automated identification, tracking and sensing. Axcess turns manual property labels, bar codes, etc. into wireless asset tags capable of automating enterprise asset management. Axcess has numerous reference solutions in automatic asset inventory, locating, tracking and protection. Axcess turns manual access control badges into wireless personnel credentials for advanced workforce management, safety and security. These include such applications as contractor time and attendance data collection, visitor tracking for security and compliance, safety tracking and compliance reporting, and workforce time and motion data collection and productivity management. Systems are also used for advanced worker location determination and emergency evacuation management.

"Microsoft BizTalk Server provides a simple, consistent interface into enterprise systems to enable customers to more easily unleash new business productivity automation solutions," said Allan Griebenow, President and CEO of Axcess International. "Micro-Wireless technology opens a whole new horizon of automation opportunities."

Micro-Wireless communications has been proven to represent the technological sweet spot where autonomous wireless identification and data transfer are best enabled in very small, low cost battery-powered devices. Regardless of their hardware platform or form factor, devices or tags commonly called DotsTM, operate in their own wireless frequency. This unlicensed frequency is characterized by the FCC for "remote control devices," yet it is recognized as a standard frequency worldwide. Dot message formats, air data transmission protocol and receiver infrastructure are designed specifically for the unique need, independent from interference and unobtrusive to backbone networks.

The unique aspect of Axcess' Micro-Wireless technology is that the powered wireless devices attached to assets and personnel autonomously collect their exact location ID and status that can be provided directly to Microsoft BizTalk Server without a central processing element required by RFID and RTLS systems. Micro-Wireless also eclipses other wireless technologies such as cell phones, EPC-RFID, Ultra-Wideband (UWB), Zig-Bee, Wi-Fi and Bluetooth which are not suited to the automated monitoring of personnel and assets in the enterprise because of unacceptable cost, size, reliability, infrastructure and power consumption constraints.

Axcess will present a free webinar on May 19 from 9:00 to 10:00 a.m. (CDT) that focuses on the opportunities unveiled by the Microsoft and Axcess strategic relationship. Register through the Web site at www.axcessinc.com, or click to sign up at https://www1.gotomeeting.com/register/369826377 for the live session: Automated Wireless People Management Systems.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) provides wireless automatic identification and sensing solutions for real-time business activity automation. When embedded into vehicle passes, property tags, personnel badges and sensors, its revolutionary and patented Micro-Wireless technology enables automatic local-area wireless data collection and control applications. The systems improve productivity, security and safety and enable personalized education and entertainment. Typical applications include: "hands-free" access control, automatic advanced workforce management, immersive entertainment, workflow management, asset monitoring and distributed sensing. Axcess is a portfolio company of Amphion Innovations plc (AIM: AMP). For more information on Axcess, visit www.axcessinc.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.




Source: Axcess International Inc.


----------------------------------------------
Public Relations
Driver Public Relations
Kenni Driver
972-978-6455
kenni.driver@driverpr.com
or
Axcess Contact
Axcess International
Allan Frank
CFO
972-407-6080
afrank@axcessinc.com
or
Investor Relations
James Kautz
888-654-5318
jkautz@epochfinancial.com

Axcess International Schedules First Quarter 2009 Earnings Release and Conference Call
May 7, 2009 9:30:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesDALLAS--(BUSINESS WIRE)-- Axcess International Inc. (OTCBB: AXSI), a leading provider of wireless business activity monitoring solutions, will announce results for the first quarter ended March 31, 2009 on May 14, 2009.

Axcess' management will conduct a conference call on Thursday, May 14, 2009, at 12:00 PM Eastern Time to discuss the financial and operating performance for the reporting period. To participate in the call, domestic callers can dial (888) 680-0865 and international callers can dial (617) 213-4853 and enter the reservation code "96426390." Participants should dial into the call about 10 minutes prior to the start time.

For those unable to attend the live conference call, a replay will be available by dialing (888) 286-8010 for domestic callers and (617) 801-6888 for international callers and entering the replay code "68051096." The replay will be available for one month beginning approximately two hours after the end of the call. There is no charge for participants to access the live event or replay.

The conference call and replay dial-in information is also available on Axcess' Web site at www.axcessinc.com.

About Axcess International Inc.

Axcess International Inc. (OTCBB: AXSI) delivers wireless intelligence through real-time business activity monitoring solutions which improve productivity, security, safety and revenue growth. The systems derive wireless intelligence from automatic advanced workforce management, workflow management, asset monitoring and distributed sensing. Its revolutionary and patented DotTM Micro-Wireless technology platform combines radio frequency identification (RFID), real time location (RTLS) and wireless sensing for better decision-making and control throughout the enterprise. Axcess is a portfolio company of Amphion Innovations plc. Additional information on Axcess is available on the Company's Web site at www.axcessinc.com.

This release may contain forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. These and other factors are discussed in the Company's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K.



Source: Axcess International Inc.


----------------------------------------------
Axcess International Inc.
Media Contact
Allan Griebenow
972-407-6080
or
Finance Contact
Allan Frank
972-407-6080