Axia Building Technologies, Ltd. Completes Purchase From Capital Group Holdings Corporation of 100 Residential Plots of Land in Kingman, Arizona
SAN DIEGO, March 28 /PRNewswire-FirstCall/ -- Axia Building Technologies,
Ltd., a wholly owned subsidiary of Axia Group, Inc.,
(OTC Bulletin Board: AXIGE), today announced that it has completed the
purchase of 100 plots of land from Capitol Group Holdings Corporation. The
plots are part of a 1600 plot residential development in Kingman, Arizona
called Valle Vista. The Sales Agreement was for approximately $1.3 million
and includes the option to enter into a Joint Venture with Capital Group
Holdings Corporation to develop the properties over the next two years.
Capital Group Holdings Corporation is a subsidiary of Global Links Corp.
(Pinksheets: GLKC).
Raj Janan, President of Axia Group, Inc., stated, "The purchase of these
properties is an important step for Axia as this now gives us a real asset
against which to procure bonding for our overseas housing projects. At the
same time, we are very excited to have the prospect of developing these
properties with Capital Group Holdings in the future."
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 current project in the town of Batticoala is nearly complete and will
provide new homes to more than 250 families who were displaced by the tsunami
of 2004.
Added Raj Janan, "We believe we have clearly demonstrated the superiority
of our building technology and we are now ready to proceed with additional,
larger projects in the region. An obstacle has been our ability to meet the
bonding requirements and so we hope this land purchase will allow us to
proceed more quickly."
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 http://www.axiagroup.info.
About Global Links Corp.
Global Links Corp. is a diversified company now having operations in
Nevada and Arizona, where it holds approximately 1,000 residential lots
located in Kingman, Ariz., where it plans to build energy-efficient,
affordable senior housing, and is developing affordable housing for the
international community. In addition, the company is a developer of high-end
office space and offers real estate information services.
Investors are cautioned that certain statements contained in this document
as well as some statements in periodic press releases and some oral statements
of AXIGE 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 AXIGE 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 AXIGE has no specific intention to update these
statements.
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