OTTAWA, ONTARIO--(Marketwire - Aug. 23, 2012) - Axia Group (PINKSHEETS:AGIJ) is pleased to report that the "DTCC CHILL" AGIJ has been straddled with over the last number of months has been removed. Simply put a DTCC chill can play havoc on a company's common share trading pattern and the company share price.
A copy of the DTCC letter lifting the chill, has been filed with OTC Markets which is self explanatory. See http://bit.ly/NoDtccChill.
Michael Arnkvarn CEO stated, "We are of the opinion and verily believe that our present share price does not accurately reflect AGIJ's true value, by any stretch of imagination. We are confident that this positive stride made by DTCC on AGIJ common stock security will reflect accordingly and positively. The trickle effect has already commenced since we completed the filing a few days earlier. In addition, this action has had a positive impact on us as a company as well, and has started opening new doors and opportunities for us. For example, immediately following the DTCC Chill removal we were able to attract accredited investors or stakeholders who have expressed their desire to remain involved with us on a long term base as preferred shareholders, and attracted new capital into the company as well.
A separate filing has also been made with OTC Markets explaining their involvement. See link to OTC Markets for details http://bit.ly/NewAIpref. Simply put, these are new and existing friendly long term stakeholders of the company who have assisted us in consolidating all of our debts and obligations and accepted preferred shares as collateral in lieu of common shares. These shares which are restricted, cannot trade nor convert to common shares until well into the future. This new financial arrangement will leave AGIJ share common structure unchanged and undisturbed, and a much healthier company altogether. Needless to say, all of this will make it that much easier for us to complete our previously made announcements of expansions and merger.
Corporately, our immediate plans include a drafting and updating our OTC Markets Adequate Disclosure which we expect to be filed at the end of this quarter reporting period as per OTC Markets disclosure requirements." This document along with the aforementioned filings will bring AGIJ to a highest and fullest transparency possible within the OTC Markets Alternative Reporting status.
In other company news and events, AGIJ management expects to be in a position to provide more solidified and substantial update(s) on various previously made announcements such as the pending merger, networking and new contract agreements to name a few.
More updates will be forthcoming on a timely and frequent basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Axia Group Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group Inc.'s control. In addition to those discussed in Axia Group Inc.'s press releases, public filings, and statements by Axia Group Inc.'s management, including, but not limited to, Axia Group Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group Inc.'s ability to raise additional capital to fund future operations, Axia Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Axia Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.