AXIA Subsidiary Purchases $1.5M Shopping Center.

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--June 27, 2001

AXIA Group, Inc.(OTCBB:AXIA) today announced the purchase of a 77,256 square foot shopping center located in Salt Lake City by its subsidiary West Jordan Real Estate Holdings, Inc. (WJRH).

WJRH purchased the property pursuant to a lease option agreement that it entered into several years ago. WJRH purchased the property for approximately $799,000 through bank financing in the amount of $650,000 and accrued cash payments. WJRH will use approximately $125,000 of the bank financing to make renovations to the property.

The shopping center's current occupancy rate is in excess of 90% and generates a positive cash flow. According to a recent MAI appraisal, the property is valued at $1.49 million meaning that WJRH currently has equity in excess of $850,000.

AXIA's CEO Richard Surber stated that "(t)he shopping center has the potential to be sold for a significant profit over our cost. Similar to many of Axia's other real estate holdings, the shopping center will be booked far below its current market value."

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 December 31, 2000, and Form 10QSB for March 31, 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.