Axia Announces Change in Control.EL CAJON, Calif. -- Axia Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AXGR) announced today that it has closed upon the sale of a controlling share interest in the corporation to Jody Regan. Pursuant to the terms of the stock purchase agreement, Axia has sold 10,000,000 shares of its restricted shares of common stock in exchange for $50,000 cash. In a related transaction, Richard Surber, Axia's former president, sold his 1,000 shares of preferred stock in Axia to Regan. Surber will no longer have any controlling position with Axia, and the current officers and directors of the corporation have resigned. Regan has been appointed as the new CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and director of the corporation, and is now the holder of 79.65% of the current total issued and outstanding shares of common stock, as well as the owner of 100% of the total current issued and outstanding shares of preferred stock. The change of control in Axia is being effected in anticipation of Axia acquiring a controlling interest in D&R Crane Inc. D&R Crane is currently owned by Regan. D&R Crane has successfully solved various crane, hoist and monorail monorail, railway system that uses cars that run on a single rail. Typically the rail is run overhead and the cars are either suspended from it or run above it. problems for clients such as Boeing, Chemtronics, General Atomics, Northrop Ryan Aeronautical aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer o·nau and Solar Turbines, a division of
Caterpillar Corp. For more information on D&R Crane, please visit
their Web site at www.drcrane.com.
Axia strongly encourages the public to read the above information in conjunction with its Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. for Dec. 31, 2003, Form 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound for March 31, 2004, and Form 8K filed on June 17, 2003. These 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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