Axis Technologies Group Inc (AXTG)

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Axis Technologies Becomes Preferred Energy-Efficient Supplier With San Diego Gas & Electric
TUESDAY, NOVEMBER 14, 2006 10:37 AM
- Market Wire
AXTG
2.95 +0.59
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LINCOLN, NE, Nov 14, 2006 (MARKET WIRE via COMTEX) -- Axis Technologies Group, Inc. (PINKSHEETS: AXTG) is pleased to announce that on September 11, 2006, San Diego Gas & Electric invited the company to make a presentation at their energy-efficiency conference and join the ranks as one of the company's ten Preferred Energy-Efficient Suppliers.

The growing emphasis in energy-efficiency awareness in California has led to rebates of as much as $60 per ballast for dimming/daylight harvesting systems such as those provided by Axis Technologies, Inc. In addition, California Title 24 mandates that all new buildings and those undergoing lighting upgrades that have over 30,000 square feet, must use daylight harvesting in their design. Two billion dollars has been allocated for these rebates and incentives by the State of California over the next three years.

"Because of these factors, we feel potential sales of the Axis system in California could be tremendous and should lead to millions of dollars in revenue for our company. We expect other states will soon follow suit as California has proven to set the bar in the area of Green initiatives," said Jim Erickson, President of Axis.

For further information on Axis Technologies, Inc., please visit www.axistechnologyinc.com.