Axia Group Inc. (AGIJ) Announces Sale of majority shareholder

Jun 24, 2010, 12:11 ET from Axia Group Inc.

FRANKFURT, Germany, June 24 /PRNewswire-FirstCall/ - Axia Group Inc. (PK: AGIJ) announces sale of the majority shareholder (the control block) to a European based holding company.

The changes in the company management will be announced shortly. The new management of the Axia Group Inc. looks forward to new leadership and an upcoming merger or acquisition of viable businesses under the AGIJ umbrella.

Axia Group Inc. informs its shareholders that the company will begin the process of identifying viable merger candidate with high growth potential.

Details on all developments within AGIJ will follow in due time, including the launch of a new corporate web site.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Axia Group Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group Inc.'s control. In addition to those discussed in Axia Group Inc.'s press releases, public filings, and statements by Axia Group Inc.'s management, including, but not limited to, Axia Group Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group Inc.'s ability to raise additional capital to fund future operations, Axia Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Axia Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.


SOURCE Axia Group Inc.