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Axia Group Inc signs letter of agreement with Titan Energy Development Inc 3/3/2006
Mar 03, 2006 (M2 EQUITYBITES via COMTEX) -- Axia Group Inc (OTC Bulletin Board: AXIGE) revealed on 2 March that it has signed a letter of agreement to acquire Titan Energy Development Inc. The latter has developed the "Sentry 5000", a mobile utility system designed for quick deployment in disaster and emergency situations.
The Sentry 5000 is a compact, self-contained utility system that provides electrical generation, heating and cooling, water filtration and satellite communications.
Until the acquisition is completed Axia will operate under an exclusive distributor agreement to market the Sentry 5000 system in Asia and Southeast Asia.
Closure of the transaction is subject to due diligence and an audit of Titan's financial statements.
Comments on this story may be sent to admin*m2.com
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I only have unsettled funds right now. I hate to hold through the weekend unless I'm way up but dang it's tempting.. 228k outstanding 121k float Not millions but thousands!!!
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Is float and O/S right? Yes believe it or not. Got numbers off of YAhoo and did a double take myself. But those numbers were also quoted on another AXIGE thread. I did notice today's PR was also released yesterday. I think this one could really fly with the right spark. Level II ask is pretty thin. What do you think Green Demon?
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Well maybe I'll wait and see if it can break .02. The big Gorilla Nite is sitting on the ask at .019 and it looks like he's got alot of shares. What are you gonna do with this one Green Demon?
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From the last filed Q: As of August 9, 2005, 228,377,263 shares of our common stock were outstanding. 5 BILLION authorized. 1/1000 reverse on 8/23/05 to get this o/s to 228k...obvious issuance of shares since then, so o/s is between 228K and 5B Without a current Q, and the subsequent "E" slapped on AXIG, only the TA knows for sure....Transfer Agent: Signature Stock Transfer, Inc., Plano, TX 75093
But I bet it's not 228k!
-------------------- I may be wrong, but I don't think so....
IP: Logged |
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I don't get it guys... it says on Yahoo: Shares outstanding: 228.00k Float: 121.31k Am I looking at the wrong thing here? Or has it not been updated?
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JW, that number on Yahoo is always based on the latest available Q...which was 228 million, then they adjusted that after ther 1/1000 r/s. Until another Q is filed, that number will sit at 228k (unless they do another r/s )
-------------------- I may be wrong, but I don't think so....
IP: Logged |
Raj Janan Joins Axia Building Technologies, Ltd., a Subsidiary of Axia Group, Inc., as Director of Operations Monday March 6, 9:55 am ET
SAN DIEGO, March 6 /PRNewswire-FirstCall/ -- Axia Building Technologies, Ltd., a wholly owned subsidiary of Axia Group, Inc., (OTC Bulletin Board: AXIGE - News), today announced that Raj Janan has joined the company as Director of Operations. A native of Sri Lanka who makes his home in New York City, Raj has been overseeing Axia's Sri Lanka construction operations for the last several months. Axia, through a joint venture with the Sri Lanka company, MicroConstruction, Ltd., has acquired housing contracts in Sri Lanka using a panel based technology that was introduced as a cost effective way to build strong, attractive homes in the region.
ADVERTISEMENT Janan was born in the northern city of Jaffa in Sri Lanka and left his country for university studies in the United States and Europe. After the tsunami struck Sri Lanka in 2004 and left millions of people homeless, Janan returned to that country looking for a way to help the people from his homeland. He began to work with the Sri Lankan company, MicroConstruction, a division of MicroCars, Ltd., to introduce a panel based technology that provides strong, low cost homes which can be built quickly with simple materials. The demonstrations of this technology were accepted and within months they had their first contract with SOS Kinderdorf to build 250 homes. Axia Group then joined as a joint venture partner to help support the construction and advance the use of this technology.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "Janan was the driving force behind these projects and Axia's involvement in Sri Lanka. His leadership has succeeded in creating one of the largest building projects in the country for people who lost their homes in 2004. Perhaps most impressive though has been the way Janan has been able to mobilize and train an enthusiastic Sri Lankan team to carry these projects forward."
Mr. Janan shares a deep interest and experience in building technologies and environmental-friendly urban planning. He has a graduate degree in urban planning from the University of Illinois, Urbana-Champaign. Prior to this, Mr. Janan worked as a program director for the Norwegian Agency for International Development, on an Integrated Rural Development Project that included housing programs in Jerusalem, Israel and Cairo, Egypt .
Added Mr. Flannery, "I have great confidence that Janan will be able to continue his work and involve Axia in a greater number of housing and commercial projects. His work has not only helped hundreds of people, but has introduced a versatile and superior building technology that has many uses in Southeast Asia."
Stated Raj Janan, "I am very pleased that Axia has been able to assist us in these initial housing projects as their support and expertise has definitely contributed to our success. I think it is fair to say that Axia is now a positive and welcomed name in my home country. At the same time, there are opportunities in other countries of that region that we will explore."
Mr. Raj Janan is a founder and president of San Vision Technology Inc. (SVT Inc.). Under Mr. Janan's leadership, SVT Inc. has grown to provide services to over a dozen Fortune 500 companies and has been recognized by INC 500 and Deloitte and Touche for its technology and service solutions. Mr. Janan is also a co-founder and president of San Vision Energy Technology Inc. (SVET Inc.). SVET Inc. is an energy technology product and services company based in San Diego, CA with technology development and manufacturing centers in Chennai and Tirichuppalli in India.
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.
About Axia Group, Inc.
Axia is dedicated to providing efficient, turnkey technology solutions for disaster response and recovery worldwide. The Company has three divisions: Building Technologies, Energy Solutions and Communication Systems. Axia Building Technologies, Inc. deploys a high quality, cost effective panel based housing technology for single family homes and light commercial buildings. Currently the company is a major provider of new homes in Sri Lanka, a country hard hit by a tsunami in 2004. The Energy Solutions division provides mobile utility systems and technical expertise. The Communications division is developing quick deploy wide area network and emergency communication systems.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXIGE officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXIGE actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXIGE has no specific intention to update these statements.
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Without a current Q, and the subsequent "E" slapped on AXIG, only the TA knows for sure....Transfer Agent:![[Roll Eyes]](rolleyes.gif)
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