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AXGJ Axia Building Technologies,
Ltd., a wholly owned subsidiary of Axia Group, Inc., (Pink Sheets: ),
today announced that it has signed an agreement to provide materials, training
and support to build 750 to 1,000 single family homes, and as many as 20 other
buildings in Sri Lanka. This contract is with General Engineering Consultants
International, Ltd., a Sri Lanka company and gives an exclusive to Axia for
providing its panel technology, supplies, tools and other equipment for the
projects.
Stated Raj Janan, President of Axia Building Technologies, Inc., "This is
a very significant contract that was executed as a result of the success that
we had with the homes we built for SOS Kinderdrof in Eastern Sri Lanka. Over
the next two to three years we will be helping to rebuild many areas of Sri
Lanka that have been damaged."
Axia is currently using a cost-effective panel based technology to build
homes and commercial buildings in the Southeast Asian country of Sri Lanka.
Its initial project in the town of Batticoala is nearing completion and will
provide new homes to more than 250 families who were displaced by the tsunami
of 2004.
Added Raj Janan, "We have been working with General Engineering
Consultants International on how to use the panel system and have had great
success on some pilot projects. So we are pleased that they have the
confidence in our technology and our company to sign this long term contract."
About Axia Group, Inc.
Axia Group, Inc. is a company dedicated to providing cost effective,
temporary and permanent housing utilizing innovative technology solutions.
The Company is currently building single family homes in the country of Sri
Lanka. 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.


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

WebSite:
http://www.axiagroup.info