swan97
05-04-2007, 09:35 AM
Axia Group Inc. Is Invited to Bid on Major Redevelopment Projects in Sri Lanka
10:00a ET May 2, 2007 (PR NewsWire)
Axia Group, Inc. (Pink Sheets: AXGJ) announced today that it has been invited to participate in talks with a government agency of Sri Lanka to explore the company's participation in $40 million of proposed reconstruction projects in the urban areas of Colombo, the nation's capital. The Real Estate Exchange Ltd, or REEL, a division of the Sri Lanka government dedicated to creating new housing for residents of Sri Lanka, is looking to provide as many as 6,000 single family residences during the year 2007.
Axia recently completed a 20 unit multistory apartment complex in Colombo for REEL, as a pilot project that allowed the government agency to learn more about the Axia panel technology and monitor the construction process. REEL has expressed great satisfaction in the pilot project and based on this acceptance has asked Axia to consider involvement in more projects.
Stated Jeffrey Flannery, CEO of Axia, "This invitation to come to Sri Lanka and meet with the government is a great honor for us. We are obviously pleased that the pilot project for REEL went so well that they would consider us for additional construction in the city. We are looking at first meetings late in May of this year. It is our understanding that the Sri Lanka government has an immediate need for $30 to $40 million of new housing in the Colombo area. We are anxious to see how we can help."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.
10:00a ET May 2, 2007 (PR NewsWire)
Axia Group, Inc. (Pink Sheets: AXGJ) announced today that it has been invited to participate in talks with a government agency of Sri Lanka to explore the company's participation in $40 million of proposed reconstruction projects in the urban areas of Colombo, the nation's capital. The Real Estate Exchange Ltd, or REEL, a division of the Sri Lanka government dedicated to creating new housing for residents of Sri Lanka, is looking to provide as many as 6,000 single family residences during the year 2007.
Axia recently completed a 20 unit multistory apartment complex in Colombo for REEL, as a pilot project that allowed the government agency to learn more about the Axia panel technology and monitor the construction process. REEL has expressed great satisfaction in the pilot project and based on this acceptance has asked Axia to consider involvement in more projects.
Stated Jeffrey Flannery, CEO of Axia, "This invitation to come to Sri Lanka and meet with the government is a great honor for us. We are obviously pleased that the pilot project for REEL went so well that they would consider us for additional construction in the city. We are looking at first meetings late in May of this year. It is our understanding that the Sri Lanka government has an immediate need for $30 to $40 million of new housing in the Colombo area. We are anxious to see how we can help."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.