La Mesa, CA -- - Axia Group, Inc. (Pink Sheets: AGIJ - News) announces today that it has entered into a Letter of Intent (LOI) with Yana Philanthropy Group, a Taiwanese company. Contingent upon the satisfaction of certain conditions including satisfactory due diligence, the parties anticipate closing of a definitive agreement in October which shall result in Yana becoming the controlling shareholder and majority owner of Axia.
Yana Philanthropy is the first venture philanthropy organization in Asia which promotes the value of corporate social responsibility by advocating spiritual growth and responsibility which it believes will lead to both a spiritual and wealthy love by awakening the human consciousness. Yana also provides a platform which unites professionals from different backgrounds can work together.
Yana Philanthropy has been in business for nine years and has been focused on the education and development of individual spiritual level. Yana International Co. Ltd., a subsidiary of Yana , has formed a joint venture with Great Sun Hospital Management Corp. in Taiwan to own and operate medical clinics. As part of this joint venture, Yana Philanthropy has created Yana Clinics to assist the medical community with spiritual healing courses, teaching spiritual healing and training volunteers throughout the world.
Yana Philanthropy also anticipates building a green energy society in Taiwan that will work to build green energy houses, schools and clinics, eventually expanding this business to an international level. Through these subsidiary businesses, Yana Philanthropy will generate the funds necessary to carry out its philanthropic mission.
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 Provision's 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.
Contact: David Keaveney at dk@zhongguopartners.com
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