New Issue: Axesstel raises $2 million in private placement of stock

By Sheri Kasprzak

Atlanta, March 4 - Axesstel Inc. said it has closed a private placement of stock for $2 million.

The company sold 500,000 shares at $4.00 each to ComVentures.

Axesstel is a San Diego-based wireless communications company.

Issuer:	Axesstel Inc.
Issue:	Stock
Amount:	$2 million
Shares:	500,000
Price:	$4.00
Warrants:	No
Investors:	ComVentures
Settlement date:	March 3
Stock price:	$4.63 at close March 3

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