AXIA Signs Agreement to Acquire Universal Wireless Communications Technology.

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--Nov. 27, 2002

AXIA Group Inc. (OTCBB:AXIA)(Frankfurt Stock Exchange:AZV.F) today announced that it has signed an agreement with TechnoConcepts Inc. ("TechnoConcepts") for the acquisition of all the assets, including patents and other rights of TechnoConcepts by Diversified Holdings VIII Inc., an AXIA subsidiary. As payment for the acquired assets AXIA has agreed to issue to TechnoConcepts 27.5 million shares of its common stock and 6 million shares of its Class B Preferred Stock. The closing of the transaction is conditioned upon the parties satisfactory conclusion of their due diligence reviews which are still being conducted and receipt of adequate assurances that each party can perform the obligations of the agreement.

AXIA plans to distribute its current holdings in Nexia Holdings Inc. (OTCBB:NXIA) on a pro-rata basis to its shareholders prior to the closing of the agreement with TechnoConcepts. The record date for the spin-off is Dec. 10, 2002. AXIA currently holds 255,205,000 shares of the common stock of Nexia Holdings Inc. all of which will be distributed to AXIA shareholders. AXIA shareholders who hold their AXIA shares in certificate form must contact AXIA to ensure that AXIA has current contact information. AXIA shareholders who hold their shares in a brokerage account should receive their pro rata portion of Nexia within two weeks of the record date.

TechnoConcepts is the owner of patented technology designed to bridge existing communications protocols through the application of software radio technology.

Wireless communications are currently plagued by a plurality of transmission standards. Each different standard uses different methodologies for transporting information over the airwaves. While efforts have been made by some manufacturers to push the majority of users toward a single protocol, the number of different protocols, with different application purposes, continues to grow. TechnoConcepts believes that the only technology capable of achieving convergence between varied protocols is true software radio. The utilization of true software radio enables the wireless transmission device to convert analog signals, used by the vast majority of conventional transmitters and receivers, into digital signals for the receiver and digital to analog from the transmitter. TechnoConcepts' software radio technology is uniquely positioned to finally make such seamless communications between different standards possible.

Since 1998, TechnoConcepts has been refining its low cost, high clock rate analog-to-digital and digital-to-analog converter technology. TechnoConcepts has completed an alpha prototype of its Universal Digital Transceiver (UDS) for mobile communications base stations, fixed point wireless transmissions and mobile Internet applications. The UDS enables a wireless transceiver to convert wireless signals into digital numbers and back functionally at the antenna. This fundamental innovation makes possible a revolution in the telecommunications industry through universal/multiband/multichannel technology that operates independently from the multiple standards and proprietary protocols that currently hinder seamless wireless communications and networking.

TechnoConcepts believes that when fully developed, its software radio technology will enable new business models in wireless communications with evolving third and fourth generation standards, services and applications. TechnoConcepts software will operate transparently across any protocol (CDMA, TDMA, GSM, AMPS, Bluetooth, IEEE 802.11, etc.), across any frequency (initially in the range of 250 MHz-2.6 Ghz), across any platform (base stations, satellites, wireless portable devices), and across all wireless networks (WLL, WLAN, LMDS, MMDS, etc.) offering high data rates (1-200 Mb/s) with unparalleled performance. Ultimately, TechnoConcepts believes that software radio technology will form the core of cellular/PCS, and wireless portable devices offering customers true seamless network roaming, complete with voice, data, video services and other applications.

For more information on AXIA's operations, please visit www.axiagroupinc.com. For more information on TechnoConcepts Inc., please visit www.technoconcepts.com. AXIA strongly encourages the public to read the above information in conjunction with its Form 10-KSB for Dec. 31, 2001, and all other appropriate public disclosures. The above disclosure documents can be viewed at www.sec.gov.

A number of statements contained in this press release are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act 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.