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Axia Group Inc. Signs Letter of Intent to Sell International Building Technologies Inc. Tuesday April 17, 10:00 am ET
SAN DIEGO, April 17 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC: AXGJ - News), announced today that it has furthered its negotiations to sell International Building Technologies, Inc. (IBT) by signing a nonbinding Letter of Intent with Motorsports Emporium, Inc. (OTC Bulletin Board: MSEM - News), the proposed purchaser of the subsidiary. MSEM will take over responsibilities set forth in IBT's Memorandum of Understanding with the Chinese government to build a panel production plant in the city of Suijiang. MSEM will also have the rights to pursue IBT leads in Central America, the United States and the United Arab Emirates. In return, Axia will receive $1 million in cash, 20 million shares of common stock in MSEM, and royalties on gross sales from the China project for the next three years. The sale is pending due diligence and the execution of a Final Agreement between the Parties. ADVERTISEMENT
Stated Jeffrey Flannery, "This Letter of Intent with MSEM further clarifies the terms of the proposed sale of IBT, a transaction we now hope to close in the near future. MSEM has assembled a management team that is experienced in the panel production methodology, and is dedicated to furthering the deployment of this building system worldwide. Axia will be able to focus on the critical region of Sri Lanka and Southeast Asia, as well as receive ongoing support from MSEM."
Stated Kenneth Yeung, President of MSEM, "The primary focus of MSEM will be to support and market the building technology that Axia has so successful introduced to many countries. We are obviously very aware of the role Axia has had in establishing the validity and utility of the panel technology, and so IBT, as an integral part of MSEM, will continue that hard work and strive to bring new projects to fruition throughout the world."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info. Information on IBT can be found at www.ibtgi.com.
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.
Posts: 801 | Registered: Nov 2005
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Lots of volume and no pps change, must be dilution going on. News has no affect, so this POS has had it.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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yup, this samthign happened with LSMJ, MUME, BHUB, and so many other micro's first volume, and always .0002 is hardest to break but when it does...BOOM!!!
this looks like its following the same pattern
very nice volume
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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this one is alot easier to move then LSMJ, BHUB, MUME, those took like 1 bil worth of volume to break .0002 this one looks likie it will take alot less
could be a very nice mover
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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.0002 almost gone, looks like it's about to break out
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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I bought 10 million shares 1 week ago * .0002, This thing has great news and keeps going down. I new it was going to make a bounce shortly and with this great news, this one will most likely turn out just like LSMJ. Plus look at the charts last year... This thing ran huge this week last year. GLTA !!!!!!!!
-------------------- "The greatest risk is to take no risk at all" Posts: 54 | Registered: Apr 2006
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haah, all the buys came in after the bell?!!! wow...
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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Previous Stock Value: Par Value Shares: 5,500,000,000 Value: $ 0.00001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 55,000.00 New Stock Value: Par Value Shares: 10,000,000,000 Value: $ 0.00001 Par Value Shares: 500,000,000 Value: $ 0.00001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 105,000.00
Posts: 801 | Registered: Nov 2005
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WHY DID YOU THINK IT KEPT DROPPING, PEPS FREAK! WERE GOOD NOW!JMO,brackep Member
Member Rated: posted April 20, 2007 04:41 AM -------------------------------------------------------------------------------- did some DD and I need to warn you guys for the fact I found out AXGJ raised the A/S on 04/05/2007
Previous Stock Value: Par Value Shares: 5,500,000,000 Value: $ 0.00001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 55,000.00 New Stock Value: Par Value Shares: 10,000,000,000 Value: $ 0.00001 Par Value Shares: 500,000,000 Value: $ 0.00001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 105,000.00 -------------------------------------------------------------------------------- Posts: 647 | Registered: Nov 2005 | IP: Logged |
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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Axia Group Inc. Receives New Order for Equipment Shelters From Major Radio Station in Sri Lanka
PR Newswire "US Press Releases "
SAN DIEGO, April 20 /PRNewswire-FirstCall/ -- Axia Group, Inc. (Pinksheets: AXGJ) today announced that is has secured a new order to build equipment and communications shelters for a major radio station in Sri Lanka. This order comes after having built the first telecom structures in Sri Lanka with the panel system.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "There are hundreds if not thousands of structures such as these equipment and telecom shelters that can be built quickly and efficiently with our system. What's more, our system offers greater strength and durability over other buildings methods, an important consideration for a communications company that has equipment or networks deployed in areas with strong storms and wind."
-------------------- "The greatest risk is to take no risk at all" Posts: 54 | Registered: Apr 2006
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