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[QUOTE]Originally posted by IMAKEMONEY: [QB] Axia Group Inc. Is Invited to Bid on Major Redevelopment Projects in Sri Lanka May 2, 2007 10:00:00 (ET) SAN DIEGO, May 2, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (Pink Sheets: AXGJ) announced today that it has been invited to participate in talks with a government agency of Sri Lanka to explore the company's participation in $40 million of proposed reconstruction projects in the urban areas of Colombo, the nation's capital. The Real Estate Exchange Ltd, or REEL, a division of the Sri Lanka government dedicated to creating new housing for residents of Sri Lanka, is looking to provide as many as 6,000 single family residences during the year 2007. Axia recently completed a 20 unit multistory apartment complex in Colombo for REEL, as a pilot project that allowed the government agency to learn more about the Axia panel technology and monitor the construction process. REEL has expressed great satisfaction in the pilot project and based on this acceptance has asked Axia to consider involvement in more projects. Stated Jeffrey Flannery, CEO of Axia, "This invitation to come to Sri Lanka and meet with the government is a great honor for us. We are obviously pleased that the pilot project for REEL went so well that they would consider us for additional construction in the city. We are looking at first meetings late in May of this year. It is our understanding that the Sri Lanka government has an immediate need for $30 to $40 million of new housing in the Colombo area. We are anxious to see how we can help." More information on Axia Group, Inc. can be found on the company web site 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 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 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. Janet Whitehead of Axia Group, +1-619-466-4701, jwhitehead*axiagroup.info http://www.axiagroup.info [/QB][/QUOTE]
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