Axia Group Inc. Sends Delegation to Sri Lanka

By: Business News

Axia Group, Inc. (Pink Sheets:AXGJ) announced today that executives from the company have recently completed a two week long visit of Sri Lanka. The purpose of the visit was to inspect the progress of ongoing projects rebuilding homes for families displaced by the tsunami and to explore future business opportunities. Axia provides an innovative panel based building technology that is stronger and more versatile than many traditional building methods. This technology was introduced for the first time last year as a faster, stronger alternative for homes in the tsunami affected areas of Sri Lanka.

"Our trip was very successful on many fronts," stated Raj Janan, President of Axia Building Technologies, Ltd., a subsidiary of Axia Group, Inc. "We were able to see for ourselves that our panel technology has been completely accepted by the government, the agencies sponsoring the rebuilding efforts and most importantly the people who now live in the homes. This, in turn, has opened up many new opportunities for us in Sri Lanka and other neighboring countries."

The Axia panel technology consists of wire trusses that are welded together around an insulation core of expanded polystyrene (Styrofoam). After put in place as either wall, floor or roof, this panel is then coated with concrete. The resulting structure is able to withstand winds of greater than 180 kilometers per hour, is resistant to mold, mildew, insects and is highly fire resistant. With this method, a typical 600 square foot home can be constructed in less than two weeks. Axia has two projects underway in Sri Lanka, a 250 home community in Batticoloa of which 50 homes have been competed and turned over to the families. The company is also completing a 20 home community near the southern city of Galle for workers displaced by the storms in 2004.

"Bringing a new technology such as this into a country where traditional methods are valued can be a long and difficult process," stated Jeffrey Flannery, CEO of Axia Group. Inc. "In less than one year, we have now trained more than 200 people in the use of this technology, introduced the system to technical training schools on the island, and have commitments to build more than 1,000 homes, schools and other buildings over the next two to three years. Our meetings with the United Nations, Red Cross and other nongovernmental agencies NGOs were all very positive and have resulted in new proposals for additional work.

"While we are proud of our efforts to help with the families affected by the tsunami, we are now looking to work with companies in the commercial, residential and development sectors," added Flannery. "This panel technology is ideal for all types of building structures from apartments and residential homes to factories and multistory buildings. We made great progress this trip in establishing relationships with the Sri Lanka government and private builders to begin this process."

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.

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More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.

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