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Axia Group Inc. Receives Letter of Award for Construction of 79 New Homes in Sri Lanka

PR Newswire "US Press Releases "

SAN DIEGO, Nov. 7 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC: AXGJ) announced today that it has received a Letter of Award from the International Association of Lions Clubs - Sri Lanka to build 79 new homes in the tsunami affected area of Batticalao. The total contract value is for 55,102,500 Rupees or approximately $550,000 US Dollars. Building on this contract is set to start in November 2006.

Stated Jeffrey Flannery, CEO of Axia, "This contract is a testament to the extraordinary work of the Lions Club in Sri Lanka, an organization that is truly dedicated to helping the people in its country. At the same time, I want to give credit to our team in Sri Lanka whose hard work paved the way for this award. They have had to build homes under extremely difficult conditions. Yet we have persevered and now I believe the government of Sri Lanka, aid agencies and the people have come to recognize our method as superior in terms of quality, strength and attractiveness."

Axia is currently completing a project of 250 homes under the sponsorship of the Austrian nongovernment organization SOS Kinderdorf in Batticalao, a region on the eastern coast of Sri Lanka that was particularly hard hit by the tsunami of 2004.

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.