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Axia Building Technologies, Ltd. Signs New Contract for 1000 Homes and Government Buildings in Sri Lanka
SAN DIEGO, April 27 /PRNewswire-FirstCall/ -- Axia Building
Technologies, Ltd., a wholly owned subsidiary of Axia Group, Inc., (Pink
Sheets: AXGJ), today announced that it has signed an agreement to provide
materials, training and support to build 750 to 1,000 single family homes,
and as many as 20 other buildings in Sri Lanka. This contract is with
General Engineering Consultants International, Ltd., a Sri Lanka company
and gives an exclusive to Axia for providing its panel technology,
supplies, tools and other equipment for the projects.
Stated Raj Janan, President of Axia Building Technologies, Inc., "This
is a very significant contract that was executed as a result of the success
that we had with the homes we built for SOS Kinderdrof in Eastern Sri
Lanka. Over the next two to three years we will be helping to rebuild many
areas of Sri Lanka that have been damaged."
Axia is currently using a cost-effective panel based technology to
build homes and commercial buildings in the Southeast Asian country of Sri
Lanka. Its initial project in the town of Batticoala is nearing completion
and will provide new homes to more than 250 families who were displaced by
the tsunami of 2004.
Added Raj Janan, "We have been working with General Engineering
Consultants International on how to use the panel system and have had great
success on some pilot projects. So we are pleased that they have the
confidence in our technology and our company to sign this long term
contract."
About Axia Group, Inc.
Axia Group, Inc. is a company dedicated to providing cost effective,
temporary and permanent housing utilizing innovative technology solutions.
The Company is currently building single family homes in the country of Sri
Lanka. 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.
Web Site: www.axiagroup.info
Axia Building Technologies, Ltd. Signs New Contract for 1000 Homes and Government Buildings in Sri Lanka
SAN DIEGO, April 27 /PRNewswire-FirstCall/ -- Axia Building
Technologies, Ltd., a wholly owned subsidiary of Axia Group, Inc., (Pink
Sheets: AXGJ), today announced that it has signed an agreement to provide
materials, training and support to build 750 to 1,000 single family homes,
and as many as 20 other buildings in Sri Lanka. This contract is with
General Engineering Consultants International, Ltd., a Sri Lanka company
and gives an exclusive to Axia for providing its panel technology,
supplies, tools and other equipment for the projects.
Stated Raj Janan, President of Axia Building Technologies, Inc., "This
is a very significant contract that was executed as a result of the success
that we had with the homes we built for SOS Kinderdrof in Eastern Sri
Lanka. Over the next two to three years we will be helping to rebuild many
areas of Sri Lanka that have been damaged."
Axia is currently using a cost-effective panel based technology to
build homes and commercial buildings in the Southeast Asian country of Sri
Lanka. Its initial project in the town of Batticoala is nearing completion
and will provide new homes to more than 250 families who were displaced by
the tsunami of 2004.
Added Raj Janan, "We have been working with General Engineering
Consultants International on how to use the panel system and have had great
success on some pilot projects. So we are pleased that they have the
confidence in our technology and our company to sign this long term
contract."
About Axia Group, Inc.
Axia Group, Inc. is a company dedicated to providing cost effective,
temporary and permanent housing utilizing innovative technology solutions.
The Company is currently building single family homes in the country of Sri
Lanka. 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.
Web Site: www.axiagroup.info
