TORONTO, June 28 /PRNewswire-FirstCall/ - On June 28, 2010, AXIUS, INC. (OTCBB: AXIU), former President, Chief Executive Officer, Principal Executive Officer and Director, along with our former Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Director, purchased AXIUS' business in exchange for the forgiveness of $20,000 in debts owed to them.
At the same time these individuals resigned from all positions held with AXIUS. Simultaneously, United Management Ltd. ("United Management") owned 50% by Roland Kaufman and 50% by Thierry Isaia and located at 6A Easa Al Gurg Tower, 6th Floor, Baiyas Road, P.O. Box 186549, Dubai UAE purchased an aggregate of one million two hundred thousand (1,200,000) restricted shares of Company common stock from its now former officers and/or directors and United Management now owns approximately 56% of all outstanding AXIUS common stock.
The new officers and directors of the Company are Roland Kaufman, President, Chief Executive Officer, Principal Executive Officer and Director and John Figliolini, Secretary/Treasurer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Director. For background information with respect to the new officers and directors, see our Form 8-K/A as filed with the SEC on June 2, 2010 at Item 5.02 thereof.
New management is in the process of determining the course(s) of business and/or acquisition of assets that the Company may intend to pursue. In that regard, AXIUS intends to link world cultures and business enterprise together under a common umbrella in Dubai, UAE; its mission being to improve business effectiveness within the Middle East and Africa region, by integrating International Business Standards to its clientele.
AXIUS will be making public news announcements as and when warranted of its activities.
SOURCE Axius, Inc.