SAN DIEGO, Calif., March 2 /PRNewswire-FirstCall/ -- Axia Group, Inc.
(OTC Bulletin Board: AXIGE), announced today that it has signed a letter of
agreement to acquire Titan Energy Development Inc., the developer of the
" Sentry 5000," a mobile utility system designed for quick deployment in
disaster and emergency situations. The Sentry 5000 is a compact, self
contained utility system that provides electrical generation, heating and
cooling, water filtration and satellite communications. Execution of the
acquisition agreement is pending due diligence and an audit of Titan's
financial statements. While completing the due diligence, Axia will operate
under an exclusive distributor agreement that was signed on
February 27, 2006 to market the Sentry 5000 system in Asia and Southeast Asia.
The Sentry 5000 was designed and developed by Titan to be a smaller,
completely self sufficient " first response" unit that will provide vital
services in situations such as manmade or natural disasters. The Sentry
5000 rapid response and operating capability enables relief agencies to
maximize life saving efforts and commercial entities to minimize economic loss
due to unscheduled power outages.
Jeffrey Flannery, CEO of Axia Group, Inc. stated " We believe that Titan is
a strategic and timely acquisition for Axia. While developing a marketing
strategy to distribute the Titan Sentry 5000, we realized there were numerous
benefits for our companies to join operations. The Sentry 5000 represents a
potentially significant profit center for Axia, while giving our construction
teams and partners the ability to work more effectively and profitably. Power
outages and lack of adequate power are constant issues resulting in work
stoppages that can be costly."
Flannery also stated, " The acquisition of Titan, when it is completed,
will give us an advantage not only in certain international markets, but may
accelerate our entry into the U.S. market for disaster related technologies.
The Sentry 5000 is a multifunctional solution that should be of great interest
to cities, municipalities and governmental agencies."
The Titan Sentry 5000 is designed for multiple emergencies and remote
access applications around the world. It's sized and priced to accommodate a
variety of budgets ranging from charity relief agencies to government
agencies.
Thomas Black, CEO of Titan Energy, Inc. stated, " We are very excited about
the prospect of being a part of the Axia Group. We believe there is a need
for every critical support facility, such as police and fire stations, to have
the Sentry 5000 to provide not only emergency power for the station, but to
make it truly an emergency shelter."
More information on Axia Group, Inc. can be found at: http://www.axiagroup.info.
Investors are cautioned that certain statements contained in this document
as well as some statements in periodic press releases and some oral statements
of AXIGE officials are " Forward-Looking Statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 (the " Act" ). Forward-looking
statements include statements which are predictive in nature, which depend
upon or refer to future events or conditions, which include words such as
" believes," " anticipates," " intends," " plans," " expects," and similar
expressions. In addition, any statements concerning future financial
performance (including future revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future AXIGE actions, which may
be provided by management, are also forward-looking statements as defined by
the Act. Forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results,
performance or achievements of the Company to materially differ from any
future results, performance, or achievements expressed or implied by such
forward-looking statements and to vary significantly from reporting period to
reporting period. Although management believes that the assumptions made and
expectations reflected in the forward-looking statements are reasonable, there
is no assurance that the underlying assumptions will, in fact, prove to be
correct or that actual future results will not be different from the
expectations expressed in this report. These statements are not guarantees of
future performance and AXIGE has no specific intention to update these
statements.
SOURCE Axia Group, Inc.
Web Site: http://www.axiagroup.info
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