Alliance for Sustainable Colorado Achieves LEED-EB Status with Axis Ballasts.

LINCOLN, Neb. -- Axis Technologies Group, Inc. (Pink Sheets:AXTG) announced that the Alliance for Sustainable Colorado (www.allianceforcolorado.org) has installed the energy-efficient Axis Dimming/Daylight Harvesting (DDH) Ballasts in its showcase building, the Alliance Center, in Denver, Colorado, which is located in the historic LoDo (Lower downtown) area of Denver. Data logging results by the Alliance have shown a 59% energy reduction in the areas in which the Axis ballasts were installed. The Axis ballasts were instrumental in their building qualifying under the LEED EB guidelines (Leadership in Energy and Environmental Design for Existing Buildings).

"The Axis ballasts helped the Alliance Center become one of only two buildings in the world to have earned two LEED Certifications--Gold for Existing Buildings, and Silver for Commercial Interiors," stated Aaron Nelson, Project Director and LEED accredited professional for existing buildings.

"Axis Technologies is pleased to have our dimming/daylight harvesting ballasts featured in a high visibility building such as the Alliance Center," said Kip Hirschbach, CEO of Axis.

About the Alliance for Sustainable Colorado

The Alliance for Sustainable Colorado advances environmental, economic and social sustainability in Colorado for present and future generations. The Alliance is sowing a seed for a statewide sustainability movement in Colorado, which is envisioned to become part of a network of statewide sustainability movements across the country. A tool for social advocacy, the Alliance Center also demonstrates how sound building design and technologies create healthy workplaces and reduce environmental impacts. Thirty non-profit organizations call the Alliance Center home. They represent a range of missions--social justice, women, health disabilities, the environment, consumer protection, civic engagement and media, and public health.

Building tours are often given to building and real estate professionals including architects, engineers, developers and owners, students, media, and politicians. "The simple operation of the Axis Ballasts, and the energy savings they provide is always a highlight. These ballasts, along with other efficiency upgrades, have helped the Alliance Center become a Colorado Governor's Energy Leader and improve its bottom line," said Aaron Nelson.

About Leadership in Energy & Environmental Design:

The Leadership in Energy & Environmental Design (LEED) Green Building Rate System[TM] is a nationally accepted benchmark for the design, construction and operation of high performance green buildings. LEED promotes a whole-building approach by recognizing five key areas of human and environmental health. The system focuses on sustainable site development, water savings, energy efficiency, materials selection and indoor environmental qualities. The LEED Rating System was created to transform the built environment to sustainability by providing the building industry with consistent, credible standards for what constitutes a green building. Eligibility requirements include an extensive site plan review and specific site audit. More can be learned about LEED at www.usgbc.org.

About Axis Technologies Group, Inc.:

Axis Technologies Group, Inc. conducts its business through this wholly owned subsidiary Axis Technologies, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technologies, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis DDH ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast. www.axistechnologyinc.com

Safe Harbor 

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.