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Monday, March 26, 2007 10:31:10 AM
Press Release Source: Axia Group, Inc.
Axia Group Inc. Begins Housing Project in Pakistan
Monday March 26, 9:53 am ET
SAN DIEGO, March 26 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC: AXGJ - News), announced today that it has begun work on a model home in Pakistan that is being built in conjunction with the nonprofit organization, the Society for Sustainable Development. The model home will be a three bedroom single family residence which will demonstrate the Axia building method to government, nongovernment and private builders who are helping to reconstruct the homes and villages destroyed by the earthquakes in 2005. Axia is a provider of a panel-based building technology for the rapid construction of homes and commercial buildings.
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Stated Jeffrey Flannery, CEO of Axia Group, Inc., "We experienced some delays as we finalized the design and worked with the local people to make sure the home met their needs. I am pleased that we have completed this preliminary work and are now beginning to work on the construction. I have been told that there is still a need for hundreds of thousands of homes in this area ands we are hoping to demonstrate that we have a fast method for building stronger houses that are better able to withstand future seismic activity."
On October 8, 2005, an earthquake which registered 7.6 on the richter scale struck the Pakistan administrated region of Kashmir. More than 100,000 people died in this quake and it is estimated that millions were left homeless.
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.
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