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Axia Group Inc. Receives New Order for Equipment Shelters From Major Radio Station in Sri Lanka
Apr 20, 2007 10:55:00 (ET)
SAN DIEGO, April 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- 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."
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
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Did anyone's sell orders go for .0004? I sold my shares at .0003, but didn't know if I should kick myself in the butt for not getting a few extra hundred bucks... THANKS!
Posts: 109 | From: Charlotte, NC | Registered: Feb 2007
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Nice - Yeah... I've had these for a while at .0001 and my order for .0003 was a good enough return... Thanks again for the input and LET EM RIDE!
Posts: 109 | From: Charlotte, NC | Registered: Feb 2007
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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 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, +1-619-466-4701, jwhitehead*axiagroup.info
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Axia Group, Inc. Completes Agreement to Sell International Building Technologies Inc. Subsidiary 9:00a ET May 3, 2007 (PR NewsWire) Axia Group, Inc. (Pinksheets: AXGJ), announced today that it has finalized the agreement to sell its subsidiary, International Building Technologies, Inc. (IBT) to Motorsports Emporium, Inc. (OTC Bulletin Board: MSEM). MSEM has reorganized as a company dedicated to the manufacture and deployment of the panel technology that Axia has used in its projects worldwide. Comprised of professionals who have been at the forefront of the development of the panel system, MSEM will assume the responsibilities set forth in IBT's Memorandum of Understanding with the Chinese government to build a panel production plant in the city of Suijiang. 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.
Stated Jeffrey Flannery, "We appreciate the time and effort the management of MSEM has dedicated to completing this transaction, a deal that we believe benefits both parties significantly. AXGJ shareholders receive stock in MSEM, a company dedicated to the development of the panel system worldwide. AXGJ is now able to focus on the projects that exist in Sri Lanka, Pakistan and other parts of Southeast Asia. MSEM gains an important contract in China that when completed will surely stand as a testament to the strength and versatility of this building method."
The cash portion of the deal will be paid out over the next three years, while the MSEM stock will be distributed to AXGJ shareholders in the form of a dividend. The 20 million shares represent nearly 80% of the current issued and outstanding of MSEM. The agreement also states that AXGJ will receive additional training and support from MSEM in the panel technology and will receive assistance in establishing a panel production plant in Sri Lanka. AXGJ will be recognized as a licensed producer and distributor of the panel systems in the Territory of Sri Lanka and Pakistan.
Stated Kenneth Yeung, President of MSEM, "At MSEM, we are pleased to have reached agreement and to now be in a position to fully carry out the projects in China. We have a dedicated team which we feel will be able to take this technology to a new level on a world wide scale. At the same time, we look forward to continuing to support AXGJ as it takes on significant projects in Sri Lanka and other territories."
Management at AXGJ stated that AXGJ shareholders will soon receive a communication from the company indicating how the distribution of MSEM shares will take place.
Posts: 90 | Registered: Jun 2005
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Any opinions why this has stagnated? News looked good, and seems like everything is falling into place.
Posts: 90 | Registered: Jun 2005
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Axia Group Inc. Releases Preliminary Financial Information
May 10, 2007 11:00:00 (ET)
SAN DIEGO, May 10, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (Pinksheets: AXGJ) today released preliminary financial information on the company's operations during the last two quarters. In the period of October 1, 2006 to December 31, 2006, the company posted $261,517 in gross revenues. During the period of January 1, 2007 to March 31, 2007, the company posted gross revenues of $364,988. These financial statements have not been audited and reflect the company's internal accounting.
Stated Jeffrey Flannery, CEO of Axia, "The latter part of 2006 and the first months of 2007 have been a trying time in Sri Lanka, and our major project, the 250 homes in Batticaloa, has had its progressed slowed by the conflict. SOS Kinderdorf, the sponsor of the Batticaloa project, has been understanding and supportive, as we may be one of few companies still building in the area. Needless to say, I am very proud of the Axia workers who have continued to do such outstanding work in this troubled area. But we have not been able to complete the project and so our revenues are down from what we expected for these two quarters."
Added Flannery, "We have gone through a major reorganization of the company, and are now prepared to focus more on several commercial and residential projects that will be very significant for the company. Our new alliance with MSEM should also give us additional support and resources to grow rapidly. I expect to release more complete financials before the end of May."
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
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I actually agree. This CEO is one of the few who actually cares. I believe they have a great product and the fact that they are working so closely with the Sri Lanka government to build homes bodes well.
Posts: 90 | Registered: Jun 2005
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Moderate trading today. I really think this will take off soon though. Could be wishful thinking, but I know the price is right...
Posts: 90 | Registered: Jun 2005
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AXGJ Axia Group, Inc. New Common Stock AXGO Axia Group, Inc. Common Stock 1-10,000 R/S **
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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