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Axium assets to be auctioned today

January 31 2008

The assets of Axium International Inc. are scheduled to be sold in bankruptcy court today. Bankruptcy trustee Howard Ehrenberg said a company affiliated with former Axium President Ruben Rodriguez is the opening bidder at $2.5 million, but there are five other bidders as well.

Axium also owned Ensemble Chimes Global, but ECG's assets were sold in bankruptcy court on Jan. 23 to MPS Group Inc. (NYSE: MPS).

Axium filed for Chapter 7 bankruptcy on Jan. 8; a day later ECG also filed for bankruptcy. Axium processed payrolls and provided financing for the entertainment industry as well as owned ECG.


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