AXIA Concludes Buyback of Common Stock.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--Sept. 4, 2002 AXIA Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AXIA) today announced that it has concluded its buyback of shares of its common stock. All shares acquired during the buyback, as well as 441,730 shares previously held in treasury, will be canceled and returned to the company's unissued shares. A total of 202,885 shares of AXIA common stock were purchased during the buyback program. The retirement of these 644,615 shares will leave 9,111,873 shares of common stock issued and outstanding. AXIA has 200 million authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of common stock. AXIA is a diversified holding company that operates through its subsidiaries. AXIA's subsidiaries provide financial consulting services to private and public companies within a distinctive compensation structure that emphasizes securities-based consideration. AXIA is also involved in identifying commercial real estate that can be acquired with limited cash infusions tied to favorable financing, improved upon with competent management, and then sold or held as commercially viable real estate. AXIA's subsidiaries currently own commercial and residential real estate located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in addition to a portfolio of micro-cap to small cap public securities. For more information on AXIA's real estate holdings, please visit www.axiagroupinc.com and www.nexiaholdings.com. For more information on AXIA's consulting division, please visit www.hudsonconsult.com. AXIA strongly encourages the public to read the above information in conjunction with its Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. for Dec. 31, 2001 and 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound for June 30, 2002. The above documents can be viewed at www.sec.gov. A number of statements contained in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to, competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that AXIA may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Investors should be aware that commercial real estate is subject to substantial risks arising from a number of areas including, but not limited to, interest rates, supply of new space, zoning changes, and various other factors. |
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