AGIJ news out. Things will be heating up very soon.
http://www.marketwire.com/press-release/colla...668524.htm
June 12, 2012 15:33 ET
Collagenna (AGIJ) Current Issuer on OTC Markets
(CEO addresses future mergers, internal IR work and share structure)
OTTAWA, ONTARIO--(Marketwire - June 12, 2012) - Axia Group (PINKSHEETS:AGIJ) http://www.axiacorporation.com/ is pleased to update its shareholders on business developments.
Axia Group has completed a series of filings with the OTC and its rank has now been upgraded to a "CURRENT INFORMATION" by OTC Markets. The company is therefore in a position to commence PRs on a timely basis and inform shareholders of the company's progress.
Axia follows the international Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service. To view these filings please go to www.otcmarkets.com/stock/AGIJ/financials . The most recent filing on the OTC informs shareholders of a change in the company's IR firm.
AGIJ CEO Michael Arnkvarn states "We have used corporate IR services over the past few years but both parties have agreed that it is maybe time to move our separate ways in a cost saving effort. They introduced us to the targeted OTCBB merger company in the health food business line and others. We will consult with them from time to time on this amalgamation, and on the current merger we are contemplating and working out details. Moreover, I am confident that we will be able to properly manage and promote AGIJ in the best interests of the company and the shareholders. As stated in the filing, please communicate with us using the info@collagenna.net email. We will get back to you in a timely fashion depending upon our availability. Please refrain from calling our clinics and asking questions to our staff, our success depends on their focus and ability to serve our customers."
AGIJ's CEO has received a lot of comments regarding the float share structure. We do not keep the actual numbers of the float as the float is the difference between the restricted and free trading shares and various beneficiaries mature at different dates. My best guess and opinion is that between 70-75% of the outstanding shares is in the float or approximately 600 million shares. Save any except any merger completion we do not foresee our share structure increasing any time soon.
Moreover as far as the outstanding issue with the DTC is concerned, since I am directly involved in the whole process, I do not believe that it is constructive for me to comment at this time, however I can say the matter is being addressed and we are furnishing them with all relevant documents they requested."
More details and updates will be provided shortly and on a timely basis.
Company details
Collagenna Skin Care Products specializes in Anti-aging products with an emphasis on Collagen stimulation both topically and internally. The company sells its products mainly through its specialized skin care clinics and its ever expanding distribution network.
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.
