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I don't own this stock yet but, certainly looking into it for Monday. Chart looks great. Don't know much about the Co. I've received this recommendation via email.
AXGJ down hard today...bottom bounce play!!
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International Building Technologies Inc., A Subsidiary Of Axia Group Inc., Signs Agreement With Chinese Government to Operate Panel Factory in City of Suijiang Thursday December 7, 9:00 am ET
SAN DIEGO, Dec. 7 /PRNewswire-FirstCall/ -- International Building Technologies, Inc., a wholly owned subsidiary of Axia Group, Inc. (OTC Pinksheets: AXGJ), announced today that it has signed an agreement with the Chinese government to install and operate an Axia panel factory to support the rebuilding of the city of Suijiang in the Yunnan Province in China. This factory, which will be 100% owned by IBT, will be the exclusive provider of Axia building panels to the new city of Suijiang. IBT will also provide consulting services to the Chinese government, its contractors and builders on the use of the Axia panel technology. IBT was recently established as a subsidiary of AXGJ in order to support new projects in China. ADVERTISEMENT
The ambitious project is a complete rebuilding of Suijiang (which will be known as Suijiang Newtown) and encompasses residential homes, commercial and government buildings, planned and designed by the architecture and civil engineering firms, BeltCollins (http://www.beltcollins.com) and ia&d consultants (http://www.internationaladc.com). The total building area according to the Chinese government is about 3,000,000 square meters (or about 32,550,000 square feet). Management estimates that approximately 1,000,000 square meter, or one third of the buildable area, is estimated to require the use of IBT panels. The agreement with IBT calls for the government of China to require contractors and builders involved in this project to use the IBT panels in those construction areas that can best utilize this technology.
Stated Jeffrey Flannery, CEO of Axia Group, Inc. "This is an opportunity for Axia to display its technological abilities in a showcase city for the government of China. We believe this will help establish our technology as one of the preferred methods for building new homes and other buildings in developing nations. We have worked hard to get this contract, and we want to express our profound gratitude to the Chinese government, especially the officials in the city of Suijiang, for trusting in our experience, capabilities and technology, and allowing us to be a part of this remarkable project."
The city of Suijiang lies along the Jinsha River about 40 miles upstream of the Xiangjiabar hydroelectric power station, the fourth largest in the world, which is being built to provide hydroelectric power throughout the region. The Chinese government will relocate the current 35,000 residents to a new city built above the future waterline. The city will be further expanded to support a population of 200,000 in the year of 2020 and is expected to be a major resort center in this south central region of China. For more information about the Suijiang Newtown, please visit the website of http://www.suijiang-government.com.
The agreement requires IBT to make an investment of about 20 million Chinese RMB in the plant and its operations. IBT management believes these funds will come from private investors and that the revenue from the sales of production will be adequate to repay this investment. The Chinese government will provide the land and the infrastructure to support the plant, as well as provide support in developing the labor force and compliance with government regulations, laws and labor requirements. The Company will also provide engineering and technical support to the government's contractors and builders.
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.
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Someone on these message boards mentioned the Trickster a while back. I never heard of this (AXGJ) symbol before but, certainly have an open mind to DD this Co.
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Axia Group Inc. Begins New Construction Project in India
SAN DIEGO, Nov. 9 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC: AXGJ - News) announced today that it has signed an agreement with Swift Services, an Indian company, to begin building homes in India, its first project in that country. The contract calls for Axia to build a model home in the city of Madurai. The costs of the model home, which is estimated to be about $8,000.00 US, will be born by Swift. Once the model home construction has met the approval of Swift, the Indian company has indicated its intention to use this technology in its plans to build health centers, apartment units and office buildings.
Stated Jeffrey Flannery, CEO of Axia Group, Inc. "We are excited to be given this opportunity to demonstrate our technology and our technical know-how in India. This represents a very large potential market for our technology. Our success in Sri Lanka clearly was a deciding factor in our ability to secure this initial contract. India represents a tremendous opportunity for Axia and we look forward to working with our new partners."
The Axia panel technology consists of wire trusses that are welded together around an insulation core of expanded polystyrene (Styrofoam). After put in place as wall, floor or roof, this panel is then coated with concrete. The resulting structure is able to withstand winds of greater than 180 kilometers per hour, is resistant to mold, mildew, insects and is highly fire resistant. Axia has completed homes in Sri Lanka and is currently involved in a number of projects with the Sri Lankan government to build multi-residence buildings in Colombo, the capital of Sri Lanka.
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.
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Press Release Source: Axia Group, Inc. Axia Group Inc. Establishes International Building Technologies Inc. Subsidiary, Establishes China and Hong Kong Offices to Focus on Opportunities in China Thursday November 30, 9:00 am ET
SAN DIEGO, Nov. 30 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC Pinksheets: AXGJ) announced today that it has established a wholly owned subsidiary of the Company, International Building Technologies, Inc., a Nevada Corporation, to focus on business opportunities in China. IBT will serve as a supplier, provider and consultant in China on the use of the panel based building technology that AXGJ has deployed in Sri Lanka and India.
Stated Jeffrey Flannery, CEO of Axia, "We have spent considerable time in China developing relationships and exploring viable opportunities to deploy our technology, knowledge and experience. With all its growth, there is tremendous opportunity in China and a great need for this kind of product. We are taking this step of setting up operations in China with confidence that we can now begin to establish a real presence in this market."
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I bought into this stock a while back and have been waiting for a decent run. Hopefully this is it! News does not seem to make it move. I got in when it last ran a little too late and am left holding a dead horse.
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onemorehit- Sorry to hear that hopefully, it will run soon for you to recover your $$$$. By the looks of the charts it looks like it wants to run.
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Remember: ALL pinks are subject to big time MM tricks. Just when you thought it hit bottom guess what?...she drops like a brick! MM's count on people buying at bottom. Then they take it down further shorting the stock as they go while you lose $ . That said, place a limit order on this well BELOW support and wait for the MM to shake, shake, shake, and accumulate. A counter tactic that generally works well for me.
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With the info listed below regarding 5 reverse splits in the last 5 years kinda lends one to believe that this a dilution machine. The last r/s left only 4600 shares oustanding. It traded 19mm shares Friday...
AXGJ -- Axia Group, Inc. Com ($0.001)
Search for Dun & Bradstreet reports on this company.
Address: 5520 Wellesley Street Suite 109 La Mesa, CA 91942 USA
Current Capital Change: shs decreased by 1 for 50 split Ex-Date: Record Date: Pay Date: 2006-04-17
Dividends:
Company Notes: Formerly=Canton Industrial Corp. (THE) until 6-96 Formerly=CyberAmerica Corp. until 12-00 Note=6-30-04 company is in the development stage with no employees and intends to acquire a business or an interest in an operating company
Class Notes: New Issue=5-86 1,375,000 shs in units (1 sh Com & 1 Warr 5-8-87) at $2 per unit (best efforts-750,000 units min.) by the company Capital Change=shs decreased by 1 for 10 split. Ex-date=10/31/1997. Rec date=10/31/1997. Pay date=10/31/1997. Capital Change=shs decreased by 1 for 30 split. Effective date=5-19-03 Capital Change=shs decreased by 1 for 1000 split. Pay date=10-18-04 Capital Change=shs decreased by 1 for 500 split. Pay date=2-1-05 Capital Change=shs decreased by 1 for 1000 split. Pay date=8-23-05
Transfer Agent: Transfer Online, Portland, OR 97204
-------------------- In the end, trust only yourself when trading stocks.
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Golf57 said: "beech, could you simplify above?"
Simply put, MM's (market makers) on the trading floor can manipulate the price of pinks & OTC's virtually at will. They will drag the price down even as volume is going way up! This is particularly true of pink sheet stocks to which the SEC turns a blind eye with no regulatiuon or enforcement to speak of. I never ever trust the bottom bounce of a pink for that very reason. The MM's know the 52 wk. bottom bounce, too. And they know many love to jump in at that point. The MM's can sell penny stocks short whereas you and I cannot.
That said, it's pretty easy to see how the MM can swindle the average trader out of a buck when you jump on a pink at support (52 wk. low). They wait for heavy volume at support (aka. the "bottom bounce") and then take it down further selling the stock short as it goes. All the while you're losing money if you jumped in during said "bottom bounce" and most will sell in a frenzy as the stock drops and the MM profits The "shake" is the MM shaking traders loose as the stock drops and accumulate for themselves while they sell short and buy in low again. Only then do they typically let it run in this scenario.
Those with the sand to ride all this out will see a profit in the long run. But if you know how the MM thinks you can set your sights lower than support and narrow the range where the MM is likely to let go of it. This stradegy increases your odds of a higher profit if/when they do let it run. Granted, this doesn't happen with all "bottom bouncers" but it is increasingly common among pink sheet plays. Sometimes a pink does take off at the bottom and you may miss a buy opportunity. It helps to scan the level 2's to see how many MM's are split between the bid and the ask to make an informed choice. It's all about percentages in pink land. I've had a better ratio of successfull pink sheet trades by placing a limit order to buy well BELOW the point where the MM is waiting for you to jump on (i.e.; the "bottom bounce"). It's a play that works well for me. Always do your own DD first.
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Thanks to JU-ice. ****** AXGJ (.0027) International Building Technologies Inc., a Subsidiary of Axia Group Inc. Establishes Shanghia Office, Offers Update on Progress in China Jan 30, 2007 6:00:00 AM
SAN DIEGO, Jan. 30 /PRNewswire-FirstCall/ -- International Building Technologies, Inc., a wholly owned subsidiary of Axia Group, Inc. (OTC: AXGJ), announced today that it has established an office in Shanghai as part of it commitment to set up operations in China. The Company's Shanghai office will support the Company's administrative and development operations, particular as it relates to its current efforts to establish a panel production plant in the city of SuiJang, China.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "We have moved forward in our efforts to meet the requirements of our contract with the Chinese government to establish operations in that country. The Shanghai office is strategically located to support these efforts and will serve as our primary administrative office in China."
IBT recently signed a Memorandum of Understanding with the Chinese government to establish an Axia panel production plant and to provide engineering support in the building of a new city of SuiJang. A new hydroelectric dam, the fourth largest in the world, is being completed in this area and will submerge the current city of SuiJang. The new city is being designed to accommodate the current residents as well as create new industries in the region. IBT is contracted to be the sole provider of Axia panels for this project which is estimated to require more than 3 million square meters of panel per year.
Added Flannery, "We are currently working with the Chinese government on meeting the certification process of our panel technology in that country. We have also identified land for the new panel production plant in SuiJang and are excited to being construction soon. Our goal is still to have an operational panel production plant by or before August 2007."
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.
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Janet Whitehead of Axia Group Inc. +1-619-466-4701 jwhitehead*axiagroup.info
-------------------- The difference between genius and stupidity is that genius has its limits
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I have had this POS for like 6 months now and just keep seeing RED, RED, RED!!!! Be cautious of this thing. News seems to make it drop
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