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-- Axia Group, Inc., (OTC: AXIG)
today announced that it has placed an order for the first Sentry 5000 Mobile
Utility System to be shipped to Sri Lanka for demonstration and marketing
purposes. The Sentry 5000, manufactured by Titan Energy Development, Inc. in
Detroit MI, is a mobile, multifunctional utility system that provides power
generation, water filtration, heating, cooling, and satellite communications.
Earlier in the year, Axia had announced the intention to acquire Titan, but
both companies have now agreed to rescind this agreement. Axia will maintain
its exclusive marketing and sales agreement for the Sentry 5000 in Sri Lanka,
India, Pakistan and other areas of Southeast Asia.
Stated Raj Janan, President of Axia Group, Inc., "The Sentry 5000 is an
ideal solution for Sri Lanka and other areas in Southeast Asia where power,
water and communications are compromised. Our goal is to provide a working
unit in Sri Lanka to support our construction efforts as well as demonstrate
the system's many capabilities and benefits. Once we have the unit in
operation in Sri Lanka, we hope to be able to pursue sales of the Sentry 5000
as we continue to acquire new housing contracts."
Added Raj Janan, "We made the decision to cancel the acquisition of Titan
so that Axia could focus more squarely on our core business, which is to
provide building technologies and engineering services in Southeast Asia.
Axia will maintain an exclusive agreement with Titan for the Sentry 5000 for
the region as we believe this is a very valuable and much needed utility
solution for these areas."
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 AXIG 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 AXIG 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 AXIG has no specific intention to update these
statements.
SOURCE Axia Group, Inc.


Contact Information:
Janet Whitehead of Axia Group, Inc., [phone]

WebSite:
http://www.axiagroup.info