posted
Axia Group, Inc. Completes Two Milestone Projects in Sri Lanka
Mar 6, 2007 09:00:00 (ET)
SAN DIEGO, March 6, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (AXGJ, Trade ), today announced that it has successfully completed two projects in Sri Lanka. A two story apartment building has been finished to the satisfaction of the Sri Lankan government agency, REEL, which sponsored the building; and the first telecom shelters were completed in less than five days for the telecom infrastructure company, Sierra Global Network (Pvt) Ltd . Pictures of the finished structures can be viewed on the company web site www.axiagroup.info .
Stated Mr. Jeffrey Flannery, CEO of Axia Group, Inc., "I am extremely proud of our team in Sri Lanka. They have completed these two projects on time and demonstrated how superior our technology can be. Adoption of a new technology can be a long and time consuming process. We have crossed an important threshold in this process. I believe we have achieved new levels of trust and confidence not only in the structural qualities of the product, but our capabilities as engineers and builders. I know that these two projects will open doors to many new projects in the future."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info .
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, Inc., +1-619-466-4701, jwhitehead*axiagroup.info
posted
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 www.axiagroup.info .
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
posted
Well at least you could say, the man is passionate about his vision...
Axia Group CEO Update 9:36a ET March 15, 2007 (PR NewsWire) Axia Group, Inc. (OTC: AXGJ) today provided the following statement from Jeffrey Flannery, CEO of Axia Group, Inc.
"I realize the latest public issuances on Axia have been statements and updates rather than news on more material activities in the company. This will soon change. I am preparing the updated financial statements as well as working to finalize what I believe will be significant events for the company. At the same time, many shareholders are asking very fundamental questions about the company. So as these developments come together and Axia enters what I see as an exciting new stage, I would like to expand on what I have said in a prior release.
"Some companies start with a vision, an idea or concept, and build an operation from there. Axia on the other hand started with a task -- to build 250 homes in the remote country of Sri Lanka for families whose lives were devastated by the tsunami of 2004. Honestly, we had no idea what the outcome would be. Thousands of homes needed to be built, and we believed we had the best technological solution, but until you throw yourself into a project like this you have no perspective of the risk you took and the challenges you would have to face. Yet from this one, not insignificant task, a remarkable collective of people has come together to create a vision for our company.
"Looking forward now, what is Axia about? For one, Axia is about bringing a revolutionary building technology to a part of the world that desperately needs an alternative. It is about building faster, yet also building structures that are stronger, safer. It is about offering a construction method that is protective of our environments, changing a reliance on timber that is destroying some of the most beautiful forests in the world. It is about offering people a dramatically superior lifestyle as well as giving governments more affordable methods to build. It is about protecting lives and rejuvenating economies.
"Axia is also about being part of the multibillion dollar redevelopment taking place right now in some critical countries. It is about being the method, technology and material of choice. It is about contributing as well as benefiting from the economic rejuvenation taking place in these countries. It is about being economical and being profitable.
"The progress we have made is remarkable. Anyone familiar with the challenges of bringing a new technology to any part of the world, especially a technology that attacks the most basic mainstay of life -- a person's home -- and within one year having gained nearly universal acceptance knows what Axia has truly accomplished. We have convinced governments to work with us, we have won praise from some of the largest nongovernmental organizations, we have gained the acceptance of engineers, architects, builders and most importantly the people themselves.
"And then, Axia is about the people who work in the company, who believe in the virtues of this technology, who have worked tirelessly to get us to a point where we now can benefit from our efforts. These are the people in Sri Lanka who risked working amidst the violence and uncertainty of a civil war not only to build new homes for people whose lives were destroyed by the tsunami but to build the first examples of our technology so that we could prove to the skeptics that our solution would work.
"Axia is indeed, without being overly idealistic, about changing a part of the world. At the same time, Axia is about economic opportunity, the good kind, the kind that makes money while making a positive and lasting change in the world. Building those first homes in Sri Lanka sent us on a search for what and who we are as a company.
"We have matured in our vision, we have gained confidence in what we are and how we can best be that company. The changes that will take place in the next several weeks and months will, I believe, strengthen our company, focus our efforts, reduce our expenses and get us to where we need to be as a public company. More news on that will follow."
More information on the Axia Group, Inc. can be found at www.axiagroup.info.
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.
-------------------- Do not trade on my advise, if I have any to give, lol. Up 127% since joined the website. Posts: 205 | From: New England (MA) | Registered: Jan 2007
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posted
Axia Group Inc. Agrees To Sell Intl Building Technologies Inc. Unit For Cash, Stk And Royalties On China Pact>AXGJ
Mar 20, 2007 06:00:29 (ET)
(MORE TO FOLLOW) Dow Jones Newswires
March 20, 2007 06:00 ET (10:00 GMT) Axia Group Inc. Agrees to Sell International Building Technologies Inc. Subsidiary for Cash, Stock and Royalties on China Contract
Mar 20, 2007 06:00:00 (ET)
SAN DIEGO, March 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (AXGJ, Trade ), announced today that it has signed a term sheet with a developer of the panel production system to sell the company's subsidiary, International Building Technologies, Inc. (IBT), in exchange for cash, common stock in the Buyer' public company, and a royalty on future revenues. The name of the Buyer is being withheld until the Final Agreement between the Parties is reached, which is expected next week.
Axia is a provider of a panel-based building technology for the rapid construction of homes and commercial buildings. Its subsidiary, IBT, recently signed a Memorandum of Understanding with the Chinese government to install and operate a panel factory to support the rebuilding of the city of Suijiang in the Yunnan Province in China. IBT was also involved in Letters Of Intent to establish operations in Central America and Dubai. Under the proposed term sheet with Axia, the Buyer will be free to pursue those business opportunities as well as freely use and exploit the IBT name.
Stated Jeffrey Flannery, "We have come to the realization that the project in China and our global expansion plans were simply too large in scope and too aggressive for Axia at this stage in its development. The China contract alone required us to come up with 20 million RMB (approximately $2.5 million USD). The Suijiang plant would cost another $4 million USD to build and operate. We cannot offer the type and level of financing that these projects require. At the same time, new and very profitable projects in Sri Lanka and nearby areas were not being developed aggressively enough. Our focus will be to take advantage of the opportunities we have earned in these areas, representing millions of dollars in business for Axia."
Added Flannery, "The exciting news is we have found a partner who is willing and able to finance these projects as well as allow us to benefit from all the work we have done. I feel we have negotiated a very fair deal with the Buyer of IBT which allows us, and particularly the shareholders of Axia, to benefit for the long term. The following are the basic terms of the proposed agreement, some of which are still being finalized:
* Up to $1,000,000 in cash, while payable over 5 years, will greatly reduce our need to raise money in the market for our operations. * Common Stock in the Buyer's public company. We plan to dividend out 100% of the stock Axia receives from the Buyer to the Axia Shareholders. In this way, Axia shareholders will have a chance to benefit from the Chinese developments. * Royalty payments from the gross profits from the Project in China for three years. * The Buyer is a developer and manufacturer of the panel system Axia uses and has agreed to supply Axia with the machinery, equipment and support to establish a panel factory in Sri Lanka, which will greatly improve Axia's profit margins and competitiveness in the local market place as well as be an exporter of panels to the region. * Finally, the Buyer has agreed to extend a license agreement to Axia for five years, with the first two years of license payments waived.
"We expect the transaction to be completed within 10 days, and final terms will be published at that time. In the meantime, we wanted the shareholders to be informed of this developing and, we believe, promising transaction."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info .
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, Inc., +1-619-466-4701, jwhitehead*axiagroup.info
0.0003 1000000 OTO 10:07:36 0.0003 1250000 OTO 10:07:24 0.0003 1000000 OTO 10:06:40 0.0003 5000000 OTO 09:50:46 0.0003 1000000 OTO 09:48:04 0.0003 9000000 OTO 09:48:04 0.0003 1200000 OTO 09:42:48 0.0003 1000000 OTO 09:32:06 0.0003 5000000 OTO 09:31:50 0.0003 250000 OTO 09:30:21 0.0003 2000000 OTO 09:30:10
Posts: 801 | Registered: Nov 2005
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Axia Group Inc. Begins Housing Project in Pakistan
Mar 26, 2007 09:53:00 (ET)
SAN DIEGO, March 26, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (AXGJ, Trade ), announced today that it has begun work on a model home in Pakistan that is being built in conjunction with the nonprofit organization, the Society for Sustainable Development. The model home will be a three bedroom single family residence which will demonstrate the Axia building method to government, nongovernment and private builders who are helping to reconstruct the homes and villages destroyed by the earthquakes in 2005. Axia is a provider of a panel-based building technology for the rapid construction of homes and commercial buildings.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "We experienced some delays as we finalized the design and worked with the local people to make sure the home met their needs. I am pleased that we have completed this preliminary work and are now beginning to work on the construction. I have been told that there is still a need for hundreds of thousands of homes in this area ands we are hoping to demonstrate that we have a fast method for building stronger houses that are better able to withstand future seismic activity."
On October 8, 2005, an earthquake which registered 7.6 on the richter scale struck the Pakistan administrated region of Kashmir. More than 100,000 people died in this quake and it is estimated that millions were left homeless.
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info .
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, Inc., +1-619-466-4701, jwhitehead*axiagroup.info
posted
Axia Group Inc. Releases Information on Sale of IBT Subsidiary
Mar 30, 2007 10:38:00 (ET)
SAN DIEGO, March 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (AXGJ, Trade ) released today additional information on the proposed sale of its subsidiary, International Building Technologies, Inc. (IBT) to a third party. More information on this transaction can be found on the company web site, www.axiagroup.info .
Stated Jeffrey Flannery, CEO of Axia, "Over the past year we have spent considerable time developing relationships in China and Central America, two key areas that we identified for the potential use of our building technology. While we met with great success and interest from qualified parties in these regions, we also realized that the cost of expanding our efforts was greater than Axia could bear on its own. Fortunately, we have identified a potential partner that can provide the resources necessary for this expansion while allowing Axia to benefit from its previous efforts.
"Last week, we announced the plan to sell IBT, a subsidiary of Axia. The Parties have agreed to basic terms which include a cash payment to Axia in the amount of $1 million over five years, stock in the Purchaser's company, which is a trading company on the OTC Bulletin Board, royalties on sales in China for a period of three years, as well as help and support to bolster our efforts in Sri Lanka and surrounding areas. At this time, until further due diligence is completed and the Final Agreement is executed, we are not at liberty to disclose the Purchasing Party or additional details, although I can say that the Purchaser is comprised of individuals who have extensive experience with the panel technology and the company will be dedicated to marketing the panel technology system.
"How does this deal affect and benefit Axia and its shareholders? We plan to use some of the cash from the deal to increase our capabilities in Sri Lanka, where tremendous opportunities await. This includes potentially building a panel production plant in Sri Lanka, as well as bolstering our management team in the region. Should we be able to sufficiently increase our business and production in the region, I personally would like to see some of the cash from this transaction and collected royalties be offered to shareholders as dividends. However, this needs to be decided at a later time.
"We will dividend to shareholders the stock Axia receives from the Purchasing company. The amount of stock that we are receiving is still being negotiated, but should be equivalent to a significant portion of the Purchases' issued and outstanding shares. Again more details will be made available shortly.
"The Purchaser has also agreed to help Axia establish its own panel production plant in Sri Lanka, which would be of great benefit to Axia. With our own plant in the region, our cost of material would be significantly lessened making our company more competitive and our projects potentially more profitable. We would also seek to export panels to other countries in the region which are beginning to adopt the panel method for construction.
"Overall, I believe this is a good, beneficial deal for Axia and for its shareholders. It allows us to focus on a key region that wants us to expand our capabilities. It gives us much needed resources to grow. Finally, this transaction gives Axia shareholders direct participation in the Purchaser's efforts though stock and potentially through cash dividends as well. I will have complete disclosure on this transaction as soon as we complete the Final Agreement."
Information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info .
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, Inc., +1-619-466-4701, jwhitehead*axiagroup.info
posted
Axia Group Inc. Signs Letter of Intent to Build Office Building for Major Architectural Firm in Sri Lanka 6:00a ET April 5, 2007 (PR NewsWire) Axia Group, Inc. (OTC Pink Sheets: AXGJ) announced today that it has signed a Letter of Intent to begin the design and development of a new commercial office building in Colombo, Sri Lanka. This project is being sponsored by the architectural firm of Suchith Mohotti & Associates, one of Sri Lanka's largest architectural organizations.
Stated Jeffrey Flannery, CEO of Axia, "Once again, what may seem like a small project is really a very significant step for Axia and the acceptance of our construction technology in this region of the world. The willingness of Suchith Mohotti & Associates to adopt and promote our technology for not only this commercial building but other projects in Sri Lanka bodes well for Axia. We look forward to working closely with this forward looking architectural and engineering firm."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.Posts: 90 | Registered: Jun 2005
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posted
Axia Group Inc. Signs Letter of Intent to Build Office Building for Major Architectural Firm in Sri Lanka
Apr 5, 2007 06:00:00 (ET)
SAN DIEGO, April 5, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (OTC Pink Sheets: AXGJ) announced today that it has signed a Letter of Intent to begin the design and development of a new commercial office building in Colombo, Sri Lanka. This project is being sponsored by the architectural firm of Suchith Mohotti & Associates, one of Sri Lanka's largest architectural organizations.
Stated Jeffrey Flannery, CEO of Axia, "Once again, what may seem like a small project is really a very significant step for Axia and the acceptance of our construction technology in this region of the world. The willingness of Suchith Mohotti & Associates to adopt and promote our technology for not only this commercial building but other projects in Sri Lanka bodes well for Axia. We look forward to working closely with this forward looking architectural and engineering firm."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info .
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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Posts: 801 | Registered: Nov 2005
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A lot of buying at the ask the past few days ...
today's vol:
40.93 m
time & sales:
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Posts: 801 | Registered: Nov 2005
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