Here is the last coorespondance I could find with the company and it is all the way back from April.
12 April 2006
Letter to the Shareholders
I took control of Axia in 2005 with the knowledge that I was rebuilding a company that had many
historical and financial issues. In a relatively short period of time, we have addressed many of these
issues. We have also created a business direction for the company and have achieved some initial
success in our efforts to build affordable homes in Sri Lanka. We still have a lot of work to do.
We decided to place Axia Group, Inc. on the Pinksheets due to issues with the annual report for 2005.
Once these issues are resolved we will then make a decision as to whether or not to return to the OTC
Bulletin Boards. In the meantime, we plan to issue financial statements for the company.
With the removal of AXIG from the OTC BB, apparently our listing on some foreign exchanges was
simultaneously affected. I have received numerous emails from shareholders in Europe who had
bought AXIG stock on a German exchange. As far as I am aware, Axia never requested or applied for
listing on any foreign exchanges. Nor am I aware that AXIG has ever benefited in any way, directly or
indirectly, by being listed on these exchanges. As many of you probably know, many US BB companies
were involuntarily listed on the foreign exchanges.
At this time, Axia Group has no defined intention or interest in being listed on a foreign exchange. We
may revisit this decision when we better understand the benefits of having listings on multiple foreign
exchanges, but at this time our focus is on restructuring the company and continuing to build our
business according to the plan we have set forth.
I also wanted to mention that we decided to maintain our marketing agreement with Titan Energy
Development, Inc., and have placed a deposit for our first Sentry 5000 mobile utility systems which we
will take to the Southeast for demonstration and marketing purposes. Axia does not have the capital at
this time to support Titan’s future marketing efforts in the United States and so both companies’ decided
against an acquisition agreement. But we are looking forward to a strong marketing relationship.
Finally, we have now formally completed the purchase of the land in Arizona and so now are hoping to
finalize bonding arrangements in the very near future. This will allow us to move forward with new
projects more easily. I will keep you informed.
Thanks again for your support.
Jeff Flannery
