Axis Products to be Installed in Walgreens Locations.

LINCOLN, Neb. -- Axis Technologies Group, Inc. (Pink Sheets:AXTG) today that Energy Solutions Group (ESG) notified the company that it will be installing the Axis Dimming/Daylight Harvesting (DDH) Ballast system in certain Walgreens Drugstore (NYSE:WAG) locations. ESG supplies lighting equipment and services nationally for all 5515 Walgreens store locations and has selected the Axis DDH ballast system for testing in these initial locations to accumulate data with regard to lighting energy cost reductions.

"This is an incredible opportunity for Axis to showcase our superior product to an industry mammoth like Walgreens. We have received incredible feedback from our current customer base and in recent case studies" said Axis President Jim Erickson. "We are very confident that Walgreens will be equally impressed with the tremendous energy savings the Axis DDH ballast system provides" he added.

About Walgreens

Walgreens (NYSE:WAG) is the nation's largest retail pharmacy chain and considered a leader in innovative drugstore retailing. Walgreens was formed in 1901 and pioneered many modern store and pharmacy features which have become standards in the industry. These features include computerized pharmacies, freestanding stores with drive-thru pharmacies (introduced in the early 1990's), Intercom Plus, Walgreens advance pharmacy computer and workflow systems and "Touch-Tone Prefills." Walgreen's financial success has continued in step with its technical innovations. 2006 marked the 32nd consecutive year of record sales and earnings. The company has paid a dividend in every quarter since 1933 and has raised the dividend for 31 consecutive years. More information on Walgreens may be found at www.walgreens.com.

About the Axis DDH Ballast

A "ballast" is an electronic component that regulates voltage in fluorescent lighting. Axis Technologies Group, Inc. has developed an innovative new ballast with the aim of expanding daylight harvesting into mainstream fluorescent lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the ballast, a once standard lighting industry staple, into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The Axis DDH Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture, and then dims or increases lighting in conjunction with the amount of available sunlight that may be harvested from available windows and sunlight. The Axis DDH Ballast avoids "over-lit" conditions that increase energy costs by keeping lighting "tuned" to the desired level in a designated area.

About Energy Solutions Group, Inc.:

Energy Solutions Group, Inc. is an energy service company (ESCO) headquartered in Appleton, WI. The company conducts custom energy analysis profiles to create energy-efficient and energy-saving facilities. Energy Solutions Group, Inc. evaluates new technologies to identify their best applications and energy saving potential. The company also assists businesses and consultants with design, specification, audits, power quality and commissioning of prospective facilities. Energy Solutions Group is knowledgeable in controlled lighting architectures, system commissioning, load profiling (monitoring energy usage) and engineering assistance. More information on the company may be found at http://www.esgna.com.

About Axis Technologies Group, Inc.:

Axis Technologies Group, Inc. conducts its business through this wholly owned subsidiary Axis Technology, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technology, 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.

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.