AXIA Teams With Wasatch Business Investors Inc.

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--Jan. 16, 2002

AXIA Group Inc. (OTCBB: AXIA) Wednesday announced that it has entered into an agreement with Wasatch Business Investors Inc. ("WBI"), a Utah corporation, for the purpose of expanding the ability of AXIA Group Inc. ("AXIA") to seek out and complete equity investments and acquisitions.

With the assistance of WBI, AXIA is looking at a number of prospective business opportunities involving the acquisition of existing businesses with substantial cash flows. One company being considered has annual revenues exceeding $30 million.

The intent of the parties is to use their joint experience in mergers and acquisitions to acquire asset based businesses for AXIA which will increase AXIA's balance sheet and shareholder value in the public markets.

WBI is a small investment banking firm based in Salt Lake City. WBI specializes in mergers and acquisitions of small to medium-sized companies. WBI's business involves seeking out and completing equity investments and acquisitions. For more information on WBI's business, please visit www.wbinvestments.com.

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 in addition to a portfolio of micro-cap to small-cap public securities.

For more information on AXIA's business and 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 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.