SOURCE: Axis Technologies Group, Inc.

March 06, 2008 07:45 ET

Axis Technologies Group, Inc. and SiteStuff, Inc. Sign Supplier Agreement

Premier Procurement Company Adds Axis Daylight Harvesting Ballasts to "Green" Catalog

LINCOLN, NE--(Marketwire - March 6, 2008) - Axis Technologies Group, Inc. (PINKSHEETS: AXTG), a designer, manufacturer and marketer of a proprietary line of energy saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry, announced today that Axis has signed a Supplier Agreement with SiteStuff, Inc. SiteStuff is the nation's leading procurement company in the commercial real estate industry with a combined client portfolio of over one billion square feet. SiteStuff assists companies in reaching their procurement goals, streamlining the invoice and accounting process, and providing information that gives companies greater visibility into their operational spending. In addition, SiteStuff helps property owners and managers of commercial real estate effectively manage the procurement of Maintenance, Repair and Operating Supplies (MRO).

SiteStuff's clients include CB Richard Ellis, Cushman & Wakefield, Jones Lang LaSalle, PM Realty Group and many others. To learn more about SiteStuff, visit www.sitestuff.com.

Gary Boe, National Sales Manager for Axis, stated, "We are very excited to open a new channel of distribution for our daylight harvesting and dimming fluorescent ballasts with this signing of the SiteStuff Supplier Agreement. We have a significant opportunity to have our products presented directly to a large national customer base and the actual end user. It is through our deliberate and consistent efforts to build a distribution foundation with influential distributors that Axis Technologies will make more lighting and real estate industry leaders aware of the significant energy savings offered by our ballasts."

"SiteStuff is pleased to partner with Axis and add its energy-efficient ballasts to our online Green Catalog of eco-friendly products. Our clients are looking for additional ways to save energy in their buildings, and the addition of this offering further validates our commitment to delivering innovative solutions to our client base. We look forward to helping our clients adopt green technology as an integral part of their operations," stated Paul Cialdella, VP, Operations, SiteStuff.

A demonstration video of the Axis Daylight Harvesting Ballast is accessible at http://www.axistechnologyinc.com/video1.html. Investors interested in receiving industry and company updates are invited to be added to the company's e-mail database by e-mailing ir@axistechnologyinc.com.

About the Axis Technologies Ballast

Axis Technologies Group, Inc. has developed an innovative new ballast, an electronic component that regulates voltage in fluorescent lighting, that focuses on 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.

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.

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.

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