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[QUOTE]Originally posted by IMAKEMONEY: [QB] Axia Group CEO Offers Update. Company Focus Will Be on Southeast Asia Mar 8, 2007 10:35:00 (ET) SAN DIEGO, March 8, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (AXGJ, Trade ) today provided the following statement from Jeffrey Flannery, CEO of Axia Group, Inc. "Axia got its start in the panel construction industry nearly two years ago with a project of 250 single family homes in Sri Lanka. Despite many obstacles, we have persevered and have now achieved a remarkable level of adoption for this technology in Sri Lanka and neighboring countries. Aside from the tsunami homes, we are building apartment buildings in Colombo, the capital of Sri Lanka, multistory buildings and nonresidential commercial structures. "We have made great progress with the Sri Lankan government, with local banking institutions, builders, developers and architects. I am extremely proud of our team in Sri Lanka, they have worked long and hard to accomplish this level of acceptance. We have often had to bid low to gain entrance into these markets, but it is now time to turn that acceptance into profitable contracts for the Company. "I believe it is in the best interests of the Company and the best use of our limited resources to focus our efforts in Southeast Asia. We may have been spreading ourselves too thin trying to accomplish too much in other areas of the world. There is a huge need for new housing, a construction boom going on in nearly every country in Southeast Asia, and there may be no other place where our technology is better suited, no other place that needs our technology more." More information on the Axia Group, Inc. can be found at [URL=http://www.axiagroup.info]www.axiagroup.info[/URL] . Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGJ 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 AXGJ 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 AXGJ has no specific intention to update these statements. SOURCE Axia Group, Inc. Jeffrey Flannery of Axia Group, Inc., +1-619-342-8096 http://www.axiagroup.info [/QB][/QUOTE]
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