Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of California on behalf of investors who purchased Axesstel, Inc.
("Axesstel" or the "Company") (OTC:AXST) common stock between February
25, 2013 and March 31, 2014.
For more information, click here: http://zlk.9nl.com/axesstel-axst.
The complaint alleges that during the Class Period, defendants issued
false and misleading information and/or failed to disclose that, among
other things: (a) the Company was facing problems that impacted the
rollout ofAxesstel's new Home Alert product line; (b) certain aspects
of sales to two customers in Africa in the first quarter of 2013 were
not finalized by the end of the quarter; (c) the Company improperly
recognized revenue from the foregoing sales to said customers; (d) as a
result of the aforementioned, the Company's revenue and financial
results were overstated, and the progress of the Home Alert rollout was
misrepresented; and (e) the Company lacked adequate internal and
If you suffered a loss in Axesstel, you have until June 23, 2014 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/axesstel-axst.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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