OTTAWA, ONTARIO--(Marketwire - 04/06/11) - Axia Group Inc. (PINK SHEETS:AGIJ - News) (www.axiacorporation.com) subsidiary Collagenna Skin Care Products/Melem Secret is pleased to announce that its marketing transaction with a Chinese company for marketing and distribution in China and Asia will close within a few days. Projections for this deal are stunning and the company expects that this deal will transform Collagenna into a substantially larger player in the cosmetic and cosmeceutical markets.
Axia Corporation CEO Michael Arnkvarn states: "We have been in negotiations with this China distributor and marketer for the most of the last month. The agreement has been reached, this deal is as good as done, and we expect to undergo the corporate closure from our partner's side within few days, possibly by the end of this week. Once the deal is closed, we will be able to disclose the company name, as the company is also a reporting OTCBB issuer, and requires time to finalize all corporate filings.
"The company specializes in bringing North American products and technologies to the Chinese market. Our product line has been evaluated by the company management and their scientific advisors. We have identified three distinctive products, that translate into solid market opportunities upon which we will concentrate.
"Our manufacturing is now also prepared to fill large orders, as we expect the Chinese market to take to Collagenna products and bring a significant revenue increase as soon as mid-second quarter. This is an exciting time for Collagenna and this deal may redefine Collagenna's status in the cosmetic and cosmeceutical industries."
The confidentiality agreement prohibits the news release of this transaction; however, the company is seeking permission to release the name via OTC Markets filing service. The company is confident that this can be obtained shortly.
The company will update shareholders on a regular basis of any progress regarding this and other opportunities.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment