AXIA Group (AXIGE) neuer Auftrag! strong buy!
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Tuesday February 21, 11:52 am ET
SAN DIEGO, Feb. 21 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC Bulletin Board: AXIG - News), announced today the award of it first commercial contract for new housing in Sri Lanka. The Company has received a contract for 15 new homes from Noble Wear Pvt. Ltd., a clothing manufacturing company owned by Mr. Sidhath Wettamuni, one of the most famous Cricketeers in Sri Lankan history. The total project is worth about $150,000 and is being completed in conjunction with Axia's Sri Lanka joint venture partner, MicroConstruction, Ltd.
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" While small in scope, this new project is an important milestone for Axia as it is our first venture beyond the disaster relief agencies and into the commercial arena," stated Jeffrey Flannery, CEO of Axia Group, Inc. " Our work in the tsunami affected areas has demonstrated the strength and attractiveness of this technology. Now we are gaining interest from commercial and other builders for a number of applications. The support of Mr. Wettamuni is also a great step forward for our company and offers strong recognition for our efforts."
The Project is being executed in the town of Koggala in the Galle District on the southwestern seaboard of Sri Lanka. These fifteen new homes are being built for Nobel Wear workers whose houses were destroyed by the tsunami in 2004. As with previous projects the Company has completed, Axia will train local workers in the deployment of this panel technology and the finishing techniques. Axia estimates that the homes will be completed by April 2006.
Added Flannery, " This is just the first we hope for many commercial contracts in Sri Lanka and surrounding countries. Our technology is ideal for many applications from residential homes to buildings for manufacturing, warehousing and storage. A major focus of the Company will be to gain entry into more commercial areas."
Mr. Sidhath Wettamuni, legend Cricketer who has brought glory to Sri Lanka, and one of the referees appointed by the ICC. He was also instrumental in bringing Sri Lankan Cricket to highest internationally recognized position what Sri Lanka enjoys today, by obtaining test status.
Axia provides a panel based housing technology that provides a fast, cost effective method for single family homes and commercial buildings. The Company has been a major participant in the tsunami relief effort in Sri Lanka and to date has been contracted to build more than 250 homes in the region.
MicroConstruction Ltd., is a division of MicoCars, Ltd., a Sri Lankan company that manufactures automobiles, vans and light trucks. More information on MicroCars can be found at www.microcars.lk.
More information on Axia Group, Inc. can be found 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 AXIG 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 AXIG 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 AXIG has no specific intention to update these statements.
Source: Axia Group, Inc.
The Sentry 5000 was developed by Titan to be a smaller, completely self sufficient "first response" unit that will provide vital services in situations such as manmade or natural disasters. The Sentry 5000 unit operates on diesel fuel and is small enough to be transported by pick up truck or SUV. Each unit produces up to 60 kW of standby generation capacity and will produce up to 25 gallons of filtered water per minute. The unit also provides perimeter lighting, space heating and cooling, and satellite voice and data communications.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "We believe being able to offer the Sentry 5000 utility system alongside our building technologies makes Axia a more complete provider of disaster response services and enhances our ability to compete for new opportunities. We learned from experience that when we enter an area that has been damaged by a disaster such as the tsunami in Southeast Asia, we need to be prepared to provide multiple levels of support. Not only is housing a need, but some areas lack electricity, potable water and communications. Power outages and lack of adequate power are constant issues resulting in work stoppages that can be costly. The Sentry 5000 affords Axia another potential profit center, and the availability of these units in these challenged environments allows Axia to work more effectively and profitably."
The Sentry 5000 was designed to operate in the extreme conditions created by a disaster. Titan engineered the system to withstand 125 mph winds. Over 20 critical functions of the system are monitored and alarmed. The Sentry 5000 can be produced in any voltage configuration to insure compatibility anywhere in the world. The unit was also environmentally designed and incorporates a 100% spill containment for oil and antifreeze.
Thomas Black, President of Titan Energy Development, Inc. stated, "We are very excited about the prospect of being represented by the Axia Group in these areas of Southeast Asia. The Sentry 5000 is the perfect utility system for non-government organizations that are doing work in disaster-challenged areas as well as for developing countries that are still improving or building their country's infrastructure."