GlobeNewswire Inc | Jul 21, 2020 09:00AM EDT

July 21, 2020

SAN DIEGO, July 21, 2020 (GLOBE NEWSWIRE) -- AXIM Biotechnologies, Inc. (OTCQB: AXIM) ("AXIM Biotech," "AXIM" or "the Company"), an international healthcare solutions company targeting oncological and COVID-19 research, announced today it has welcomed Former Secretary of Veterans Affairs Peter O'Rourke to the Companys Board of Directors.

ORourke brings more than 20 years of experience serving in senior leadership roles in the public and private sectors. He has held leadership roles in management consulting, private equity, aerospace, and operations companies with experience in sales, marketing, operations, finance, and performance improvement. He was appointed Acting Secretary of the U.S. Department of Veterans Affairs in 2018 after serving as the Chief of Staff and Executive Director for the Office of Accountability and Whistleblower Protection. Before joining the Department of Veterans Affairs, ORourke honorably served as a U.S. Navy enlisted Airman and an Air Force Officer and Logistician.

Peter has an impressive reputation for leading people with the highest level of professionalism and making difficult strategic decisions for the greater good, said John W. Huemoeller II, CEO of AXIM Biotech. As we move into new, exciting but uncharted territory of helping with the COVID-19 crisis, we believe that Peter will help us make the smartest, most efficient evaluations on our present and future operations.

ORourke received a Bachelor of Arts in Political Science from the University of Tennessee in Knoxville as well as a Master of Science in Logistics and Supply Chain Management from the United States Air Forces Institute of Technology.

"In addition to AXIMs mission to improve global cancer care, Im confident that the Companys newest innovation of a rapid diagnostic test measuring neutralizing antibodies will help address the COVID-19 crisis. I look forward to using my long track record of leadership experience and professional relationships to help guide AXIM to its future success." ORourke said.

For more information about AXIM, please visit www.aximbiotech.com.

About AXIM BiotechnologiesFounded in 2014, AXIM Biotechnologies, Inc. (AXIM) is a vertically integrated research and development company focused on changing diagnosis and treatment for oncology and SARS-CoV-2 (Covid-19).AXIMs NeuCovixTM is the first rapid diagnostic test measuring levels of functional neutralizing antibodies that are believed to prevent SARS-CoV-2 from entering the host cells. Additionally, the Company is developing rapid diagnostic tests for the early detection of cancer and proprietary small molecules drugs to treat cancer and block metastasis. For more information, please visit www.AXIMBiotech.com.

FORWARD-LOOKING DISCLAIMERThis press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of AXIM Biotechnologies, Inc. to be materially different from the statements made herein.

CONTACT:Public Relations Contact:Andrew HardChief Executive Officer CMW MediaP. 858-264-6600andrew.hard@cmwmedia.comwww.cmwmedia.com

AXIM Corporate Contact Info:6191 Cornerstone Ct., Ste. 114San Diego, CA 92121, USAP. 858-923-4422

Investor Relations Contact:investors@aximbiotech.com888-759-0844