AXIA Subsidiary Leases Space to Family Dollar Store.

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--Feb. 12, 2002

AXIA Group Inc. (OTCBB: AXIA) Tuesday announced that West Jordan Real Estate Holdings Inc. (WJRH), one of its subsidiaries, has executed a proposal to lease 10,000 square feet of its 77,256 square foot shopping center, the Glendale Plaza, located in Salt Lake City, to Family Dollar Store Inc. (FDO)(NYSE: FDO).

The proposed lease is for an initial period of five years with an option to extend the lease for an additional 25 years at escalating annual lease rates, starting at $44,000 in year one to $75,000 in year 30. AXIA anticipates that FDO will expend at least $120,000 in lease hold improvements prior to occupying the space in June of 2002.

FDO is a discount store chain that operates 4,272 stores in 39 states. The FDO merchandising concept is to provide customers with good value at a low cost for family and home needs. The merchandise is sold at everyday low prices in a no frills, low overhead, self service environment.

Most merchandise is priced under $10. The proposed lease with WJRH is part of FDO's aggressive expansion strategy that has caused FDO to open 502 new stores in its last fiscal year.

The prospective addition of FDO to AXIA's tenant base, in concert with other leasehold improvements and the completion of an extensive renovation of the property, have added substantial value to the Glendale Plaza. The shopping center's high occupancy rate, in excess of 90 percent, generates positive cash flows and enhances property values.

AXIA's shareholders are certain to benefit from the revitalization that comes from property and tenant improvements.

AXIA's president and chief executive officer, Richard Surber stated that, "(T)he recent downturn in the economy is drastically increasing the value of retail outlets, like the Glendale Plaza, that cater to those seeking to obtain valuable products and services at reduced prices."

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, please visit www.axiagroupinc.com For more information on AXIA's consulting services, please 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 Sept. 30, 2001. The above 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.

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.