Axxess Unlimited, Inc. (AXXU), a company focused on alcohol and drug governance, today announced that it has entered into a Letter of Intent to acquire the assets and the revenues of a national leader providing federal and state-specific drug-testing policies and procedures for all 50 states, thereby assisting customers with compliance.
Maintaining compliance and remaining current with respect to specific legal requirements for drug and alcohol testing policies can reduce risk, liabilities and costs within an organization. The firm’s services can also assist in defeating or reducing workers’ compensation claims that involve intoxication, prevent wrongful termination lawsuits and assist in decreasing a company’s Worker’s Compensation fees.
These products are sold through an annual subscription service ranging from $5,000 to $150,000, annually. Their customers include Fortune 500 companies in a wide range of industries. 23.8 million companies with a need to gain compliance comprise an industry in excess of $100 billion.
This industry-leading compliance platform includes a marijuana compliance subscription service for employers that encompasses state and federal laws, statutes and regulations covering the marijuana sector. The service is $399 annually as it deals solely with marijuana topics and is the most comprehensive service of its kind.
“This acquisition is a once-in-a-lifetime opportunity for Axxess to acquire an established, revenue generating, rapidly growing business in a fast accelerating market segment. A relationship with a national leader in drug and alcohol compliance is a dynamic addition to our business and will strongly impact our growth,” commented Michael Roth, Chairman and Chief Executive Officer
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