AXTG Axis Technologies Group Inc (PK)

Axis Technologies Inc. (Pink Sheets:AXTG) representatives recently returned from demonstrating the company�s energy saving, daylight harvesting and dimming ballasts at the Northeast Buildings & Facilities Management Show (NBFM) in Boston, MA, April 4 & 5, 2007. The NBFM show was sponsored by the International Facility Management Association and was attended by thousands of building owners, facility managers and other decision makers, all of whom want their buildings to embrace the latest in �green� technology. The show provided a great venue to educate building owners and managers on the effects of daylight harvesting on energy reduction and the economic benefits derived, while helping the environment. A number of qualified leads were gleaned from attendees who viewed the demonstration of the Axis Dimming/Daylight Harvesting (DDH) ballast. The leads were turned over to the Axis rep in the Boston area, who has indicated that several of these contacts will soon be leading to ballast sales. �Surprisingly, a large number of the leads came from the institutional market such as schools and hospitals,� said Gary Boe, National Sales Manager for Axis, and one of the presenters at the show. �Axis already has a number of school systems scheduled for retro-fitting this summer, and the leads generated by this show should enhance that number�, added Boe. About Axis Technologies Group, Inc. Axis Technologies Group, Inc. (www.axistechnologyinc.com) conducts its business through a wholly owned subsidiary, Axis Technologies, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technologies, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company�s target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis Dimming/Daylight Harvesting (DDH) ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast. About the Axis DDH Ballast A "ballast" is an electronic component that regulates voltage in fluorescent lighting. Axis Technologies Group,�Inc. has developed an innovative new ballast with the aim of expanding daylight harvesting�into mainstream fluorescent lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the ballast, a once standard lighting industry staple, into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The Axis DDH Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture,�and then dims or increases lighting in conjunction with the amount of available sunlight that may be harvested from available windows and sunlight. The Axis DDH Ballast avoids�"over-lit" conditions that�increase energy costs by�keeping lighting "tuned"�to�the�desired�level�in a�designated area. Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.