EQUITY ALERT: Rosen Law Firm Reminds Axesstel Inc. Investors of Important June
23, 2014 Class Action Deadline - AXST
NEW YORK, June 14, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds all
purchasers of the securities of Axesstel Inc. (OTCQB:AXST) between February
25, 2013 and March 31, 2014, of the important June 23, 2014 lead plaintiff
To join the Axesstel class action, go to the website at http://rosenlegal.com
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or
email email@example.com or firstname.lastname@example.org for information on the class
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION.UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.YOU MAY
RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants issued false and misleading statements or
failed to disclose that: (1) Axesstel faced problems that impacted the rollout
of its new Home Alert product line; (2) certain sales to two of its customers
in Africa during the first quarter of 2013 were not finalized by the end of
the quarter; (3) Axesstel improperly recognized revenue from such sales to the
two customers in Africa; (4) as a result, the Company's revenue and financial
results were overstated and the progress of the Home Alert rollout was
misrepresented; (5) Axesstel's financial statements were not prepared in
accordance with Generally Accepted Accounting Principles; and (6) the Company
lacked adequate internal and financial controls.
A class action lawsuit has already been filed.If you wish to serve as lead
plaintiff, you must move the Court no later than June 23, 2014.If you wish to
join the litigation visit http://rosenlegal.com or contact, Phillip Kim, Esq.
or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via
e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm focuses on prosecuting securities class action litigation
and actions involving financial fraud.The Rosen Law Firm represents investors
throughout the globe.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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