California – Axia Group (AGIJ, http://www.axiagroup.com/) is pleased to provide the following update to its shareholders.
Artismss, Inc of Seoul, Korea has ceased control of AXIA Group (AGIJ.PK) via their class of preferred shares. Other convertible debt, pledges of security, preferred shares and other instruments may entitle these creditors to additional beneficial rights. Consequently, Michael Arnkvarn has resigned as CEO of the company and is no longer a member of the management team. Mr. George Kim has been named the new CEO and President of the corporation.
Michael Arnkvarn the outgoing CEO of AGIJ said “As part of AGIJ restructuring and moving forward plans the new management has sold the assets of Axia Group (AGIJ) including Collagenna Skin Care Products, the vitamin division and CinG-X project which were in the process of being prepped to be merged in with AGIJ.
Collagenna Skin Care Products and any rights and or benefits of the CinG-X project are no longer a part of the AXIA Group. In upcoming filings and news releases relevant details of the sale may be tabled by the new management. To that end the management of Collagenna and CinG-X kindly request AGIJ shareholders to direct any questions they may have to AGIJ management and their IR directly at 949-903-0468
Safe Harbor StatementInformation 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.
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