ORLANDO, Fla., Dec. 29, 2016 /PRNewswire/ -- Axiom Holdings, Inc., (OTCQB : AIOM), a Nevada corporation, announced today that it has completed a reverse merger on December 24, 2016, pursuant to which CJC Hong Kong Limited, ("CJC") became a wholly owned subsidiary of Axiom Holdings, Inc. which trades on the OTCMarkets.com under the symbol "AIOM."
Through the acquisition of CJC Hong Kong Limited and its two WOFE (wholly-owned foreign entities), Axiom now owns the following assets in Xiaojin County, Sichuan Province, China.
- 44 MW hydropower electric generation station (Jiema Station and Jiesigou Station II), which is operational.
- 22 MW hydropower electric generation station (Jiesigou Station I & III), which is under construction.
- Two hotels, Enze Hotel and Mt. Four Sisters Hotel in Xiaojin County. Both hotels will open July 2017.
In connection with the transaction, Axiom Holdings, Inc. through its subsidiary Horizon Resources Co (a Cayman Islands Company), acquired all of the issued and outstanding equity securities of CJC Hong Kong Limited in exchange for issuing 200,000,000 shares of Common Stock of Axiom to the CJC Shareholders which represents approximately 58.8% of the issued and outstanding shares of Axiom Holdings, Inc.'s Common Stock at the closing of this transaction.
Curt Riley, CEO of Axiom Holdings, commented, "We are excited about this acquisition and look forward to providing green power generation to China, the world's largest and most populous country. Axiom will continue to explore and vet acquisition opportunities such as this one globally and within the U.S."
Additional information on the Company can be found on its latest 8K filed on December 23, 2016 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11750353
ABOUT Axiom Holdings, Inc.
Axiom Holdings, Inc., is an Independent power producer and real estate developer that develops, builds, owns and operates power generation plants and hotels. Axiom Holdings will continue to leverage its global partnerships with real estate owners and hydropower developers and expand its asset portfolio through acquisition and development of identified pipeline. Axiom's strategy is to continue to acquire power companies and hotel operating companies in China, Europe and South East Asia.
FORWARD LOOKING STATEMENTS
Except for the historical matters contained herein, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. This release should be read in conjunction with Axiom Holdings' Annual Report on Form 10-K and its other filings with the U.S Securities and Exchange Commission through the date of this release, which identifies important factors that could affect the forward-looking statements in this release.
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SOURCE Axiom Holdings, Inc.