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Top 5 Reasons
to
Watch Axis Technologies
(OTCPK:AXTG)
1. STRONG PROFIT
MARGINS. The net profit is anticipated to
reach $3 million in FY 2007 with a strong net profit margin of
24%. It is expected to stay in the range of 16% - 17% over the
period 2008-10.
2. RAPID GROWTH.
Axis Technologies is projected to experience rapid
growth with a Compound Annual Growth Rate of 71.5% from $12.9
million in 2007 to $191 million in 2012.
3. AXTG RATED TO "OUTPERFORM".
On November 13, 2006, Axis Technologies, Inc. was
rated 'Outperform,' with a target price $3.06 by Beacon Equity
Research, an independent research firm.
4. LARGE GOVERNMENT
MARKET. The federal and state governments have
also entered the rush toward energy efficiency by increasing
tax deductions for companies that make moves to become more
energy efficient. The Energy Policy Act of 2005 offers
business tax credits for those that work towards obtaining a
50% reduction in energy usage.
5. ENERGY EFFICIENT PROGRAMS.
The State of California has allocated $1 billion
dollars each year from 2006 - 2008 for various energy
efficiency programs, including utility customer rebates for
energy efficient product purchases.
For more information on
Axis
Technologies,
visit them on the
World Wide Web
at:
http://www.axistechnologyinc.com/
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Axis Signs Exclusive Distribution Agreement
with Brite-Lite Inc. for
Canada
LINCOLN,
Neb.--(BUSINESS WIRE)--Axis Technologies, Inc. (Pink
Sheets:AXTG) announced today that it has signed a
national distribution agreement with Brite-Lite,
Inc., a wholesale lighting distributor headquartered
in the Vancouver, British Columbia area. Under the terms of
the agreement, Brite-Lite (http://www.brite-lite.com/)
will be the exclusive sales and distribution agent for Axis
products in the Canadian market.
"Axis
Technologies is very pleased to be working with Brite-Lite to
introduce our ballasts to the Canadian market. Bright-Lite is
also very enthusiastic about adding our unique ballasts to
their product line", said Kip Hirschbach, CEO of Axis
Technologies. "Axis anticipates that this distribution
agreement will lead to over $5,000,000 in sales over the next
year", he added.
"Canada has
become very energy conscious, and has embraced daylight
harvesting as the latest method to drive reduced energy usage.
Brite-Lite is very excited to offer the energy efficiency and
simplicity of the Axis Dimming/Daylight Harvesting ballasts to
our customers", offered Dave Sinclair, Sales Manager for
Brite-Lite. (dave@xxxxxxxxxxxxxx)
About
Brite-Lite
Brite-Lite is
a Wholesale Lighting Distributor with locations throughout
British Columbia and Alberta, Canada. Brite-Lite
services commercial properties, industrial &
manufacturing, financial institutions, retail & malls,
healthcare & medical facilities, schools & colleges,
and government agencies. Brite-Lite offers its customers free
energy analysis, retrofit and new lighting designs, and energy
efficient products.
Brite-Lite is
the recipient of the following awards:
Winner
of the 2004 BC Hydro Power Smart Excellence Award in
recognition of the contribution to increased sales and
awareness of energy-efficient products in the BC
marketplace.
Brite-Lite
Lighting on November 30th, 2005, received an
Environmental Leadership Award in recognition
for their leadership role in protecting the environment and
sustaining the economy of British Columbia through their
efforts in energy efficiency. The award was presented to
Brite-Lite by the Power Sense Division of FortisBC during an
awards ceremony in Kelowna, British
Columbia.
About the Axis DDH
Ballast
A "ballast" is anelectronic
component that regulates voltage in fluorescent lighting.
AxisTechnologies Group, Inc. has developed an innovative
new ballast with theaim of expanding daylight
harvesting into mainstream fluorescent
lightingapplications. The patented Axis Dimming/Daylight
Harvesting Ballast is a newtechnology that transforms the
ballast, a once standard lighting industrystaple, into a
dynamic energy saving system that can reduce lighting
energycosts by up to 70%. The Axis DDH Ballast utilizes an
individual photo sensor toautomatically adjust the amount of
electrical current flowing to the lightfixture, and then
dims or increases lighting in conjunction with theamount of
available sunlight that may be harvested from available
windows andsunlight. The Axis DDH Ballast
avoids "over-lit" conditionsthat increase energy
costs by keeping
lighting"tuned" to the desired level ina designated
area.
About Axis Technologies Group,
Inc.
Axis Technologies Group,Inc.
conducts its business through this wholly owned subsidiary
AxisTechnologies, Inc., a Delawarecorporation headquartered in
Lincoln, Nebraska. Axis Technologies, Inc. designs,
manufactures andmarkets a proprietary line of energy-saving
and daylight harvesting electronicdimming ballasts for the
commercial lighting industry. The company's targetmarket is
small to large commercial users of fluorescent lighting
includingoffice buildings, wholesale and retail buildings,
hospitals, schools, andgovernment buildings. In 2002,
Underwriters Laboratory (UL) approved Axisproducts for sale in
both the United
States and
Canada. The Axis DDH ballast is priced
competitively and isthe only daylight harvesting ballast
system that can be marketed as areplacement for a standard
ballast.
SafeHarbor
Statements about the Company's
future expectations and all other statements in this press
releaseother than historical facts, are "forward-looking
statements" withinthe meaning of Section 27A of the Securities
Act of 1933, Section 21E of theSecurities Exchange Act of
1934, and as that term is defined in the PrivateSecurities
Litigation Reform Act of 1995. The Company intends that such
forward-lookingstatements be subject to the safe harbors
created thereby. Theabove information contains information relating to
the Company that is based onthe beliefs of the Company and/or
its management as well as assumptions made byand information
currently available to the Company or its management. When
usedin this document, the words "anticipate,"
"estimate,""expect," "intend," "plans,""projects," and similar
expressions, as they relate to the Company orits management,
are intended to identify forward-looking statements.
Suchstatements reflect the current view of the Company
regarding future events andare subject to certain risks,
uncertainties and assumptions, including therisks and
uncertainties noted. Should one or more of these risks
oruncertainties materialize, or should underlying assumptions
prove to beincorrect, actual results may vary materially from
those described herein asanticipated,
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