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International Building Technologies Inc., a Subsidiary of Axia Group Inc. Establishes Shanghia Office, Offers Update on Progress in China

PR Newswire "US Press Releases "

SAN DIEGO, Jan. 30 /PRNewswire-FirstCall/ -- International Building Technologies, Inc., a wholly owned subsidiary of Axia Group, Inc. (OTC: AXGJ), announced today that it has established an office in Shanghai as part of it commitment to set up operations in China. The Company's Shanghai office will support the Company's administrative and development operations, particular as it relates to its current efforts to establish a panel production plant in the city of SuiJang, China.

Stated Jeffrey Flannery, CEO of Axia Group, Inc., "We have moved forward in our efforts to meet the requirements of our contract with the Chinese government to establish operations in that country. The Shanghai office is strategically located to support these efforts and will serve as our primary administrative office in China."

IBT recently signed a Memorandum of Understanding with the Chinese government to establish an Axia panel production plant and to provide engineering support in the building of a new city of SuiJang. A new hydroelectric dam, the fourth largest in the world, is being completed in this area and will submerge the current city of SuiJang. The new city is being designed to accommodate the current residents as well as create new industries in the region. IBT is contracted to be the sole provider of Axia panels for this project which is estimated to require more than 3 million square meters of panel per year.

Added Flannery, "We are currently working with the Chinese government on meeting the certification process of our panel technology in that country. We have also identified land for the new panel production plant in SuiJang and are excited to being construction soon. Our goal is still to have an operational panel production plant by or before August 2007."

More information on International Building Technologies, Inc can be found at www.internationalbuildingtech.com. 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.