Axia Group, Inc. (OTC Pinksheets: AXGJ) announced today that it has established a wholly owned subsidiary of the Company, International Building Technologies, Inc., a Nevada Corporation, to focus on business opportunities in China. IBT will serve as a supplier, provider and consultant in China on the use of the panel based building technology that AXGJ has deployed in Sri Lanka and India.
Stated Jeffrey Flannery, CEO of Axia, "We have spent considerable time in China developing relationships and exploring viable opportunities to deploy our technology, knowledge and experience. With all its growth, there is tremendous opportunity in China and a great need for this kind of product. We are taking this step of setting up operations in China with confidence that we can now begin to establish a real presence in this market."
More information on International Building Technologies, Inc. can be found at http://www.internationalbuildingtech.com. Information on Axia Group, Inc. can be found on the company web site at http://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.