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Axia Group (AGIJ:PK) Management Change Sale of Assets
By: ACCESSWIRE

Posted on November 19, 2012 at 16:51 PM EST
California – Axia Group (AGIJ, http://www.axiagroup.com/) is pleased to provide the following update to its shareholders.

Artismss, Inc of Seoul, Korea has ceased control of AXIA Group (AGIJ.PK) via their class of preferred shares. Other convertible debt, pledges of security, preferred shares and other instruments may entitle these creditors to additional beneficial rights. Consequently, Michael Arnkvarn has resigned as CEO of the company and is no longer a member of the management team. Mr. George Kim has been named the new CEO and President of the corporation.

Michael Arnkvarn the outgoing CEO of AGIJ said “As part of AGIJ restructuring and moving forward plans the new management has sold the assets of Axia Group (AGIJ) including Collagenna Skin Care Products, the vitamin division and CinG-X project which were in the process of being prepped to be merged in with AGIJ.

Collagenna Skin Care Products and any rights and or benefits of the CinG-X project are no longer a part of the AXIA Group. In upcoming filings and news releases relevant details of the sale may be tabled by the new management. To that end the management of Collagenna and CinG-X kindly request AGIJ shareholders to direct any questions they may have to AGIJ management and their IR directly at 949-903-0468