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PR for AFTERHOURS and MONDAY 1/08
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[QUOTE]Originally posted by J_U_ICE: [QB] AXGJ (.006 ) SAN DIEGO , Jan. 8 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC: AXGJ) announced today that it has received preliminary approval to participate in a large housing project for the Sri Lankan Army. The project involves 1,000 new single family homes to be built in the ancient city of Anuradapura, located about 100 miles from the capital city of Colombo . The total value of the contract is estimated to be worth approximately $1,100,000 US. Stated Jeffrey Flannery, CEO of Axia, "Acceptance for our panel based building technology continues to grow as more people recognize the advantages we offer in terms of building strength, versatility and speed to completion. The Sri Lankan Army's approval to participate in this project is a direct result of the work that we have completed for the Real Estate Exchange Ltd. in the city of Colombo , where the quality of our technology and construction is now apparent." Added Flannery, "The size and scale of this new project now allows us to consider operating a panel production plant in Sri Lanka , a goal we have long had at Axia. A local plant would also greatly increase the profitability of this and future projects in the region." [/QB][/QUOTE]
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