California – Axia Group (AGIJ, http://www.axiagroup.com/) is pleased to provide the following update to its shareholders.
Artismss, Inc of Seoul, Korea has ceased control of AXIA Group (AGIJ.PK) via their class of preferred shares. Other convertible debt, pledges of security, preferred shares and other instruments may entitle these creditors to additional beneficial rights. Consequently, Michael Arnkvarn has resigned as CEO of the company and is no longer a member of the management team. Mr. George Kim has been named the new CEO and President of the corporation.
Michael Arnkvarn the outgoing CEO of AGIJ said “As part of AGIJ restructuring and moving forward plans the new management has sold the assets of Axia Group (AGIJ) including Collagenna Skin Care Products, the vitamin division and CinG-X project which were in the process of being prepped to be merged in with AGIJ.
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