AXIA Subsidiaries Sign Agreements to Sell Real Property for $4 Million.

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--Oct. 2, 2001

AXIA Group Inc. (OTCBB:AXIA) Tuesday announced the signing on Sept. 27, 2001, of a Real Estate Sales Contract for a 77,256 square foot shopping center located in Salt Lake City owned by its subsidiary West Jordan Real Estate Holdings Inc. (WJRH).

WJRH purchased the property in June of this year for a total purchase price of $799,000, including credits for payments during a lease term. Existing financing on the property is in the amount of $650,000. WJRH's sales contract provides for a cash sale in the sum of $1,725,000, with the closing scheduled for Nov. 1, 2001.

Contingencies in the sales contract relate to extending some tenants' leases and satisfactory completion of the purchaser's due diligence on the property. WJRH has been in the process of using a portion of the bank financing received in June of this year to make renovations to the property.

AXIA further announced that on June 10, 2001, Golden Opportunity Development Corp. (GODC), a subsidiary of AXIA, signed a Purchase Agreement to sell the General Lafayette Inn and its related real property and personal property for a total purchase price of $2,332,000, to include the assumption of the existing financing on the property.

GODC estimated that the balance on the first mortgage on the property as of Sept. 1, 2001 was approximately $1,790,500. The buyer in this case has a maximum period of 180 days in which to conclude its inspection of the property; periodic payments are to be received in exchange for extension of the inspection period beyond an initial 90 day period following the execution of the contract.

If a closing takes place it is scheduled for no later than Dec. 10, 2001, the maximum extension period provided for in the contact.

The two closings could generate cash, after payment of existing loan obligations and closing costs related to the two properties to be sold, in excess of $1.4 million.

AXIA's CEO Richard Surber stated that, "In the event that both of these real estate sales were to reach successful conclusion, I believe that AXIA would be in a position to consider a stock buy back, with terms and conditions to be determined at that time."

AXIA is a diversified holding company that provides 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 currently owns commercial and residential real estate located throughout the United States.

For more information on AXIA's real estate holdings, visit www.axiagroupinc.com. For more information on AXIA's consulting services, visit www.hudsonconsult.com. AXIA strongly encourages the public to read the above information in conjunction with its Form 10KSB for Dec. 31, 2000, and Form 10QSB for June 30, 2001. The above documents can be viewed at www.sec.gov.

A number of statements contained in this news 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. 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.