SOURCE: IO Circuit

September 12, 2007 06:30 ET

(OTC: AXTG) Starts Shipping Products to Former Subsidiary of Home Depot

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - September 12, 2007) - Axis Technologies Group, Inc. (PINKSHEETS: AXTG) announced that after receiving initial purchase orders in April 2007, the Company has begun shipping the Axis Dimming/Daylight Harvesting (DDH) Ballast to HD Supply™. HD Supply is a former subsidiary of The Home Depot, Inc. and was sold by the company on August 30, 2007. For ten years HD Supply was considered the wholesale arm of Home Depot catering primarily to the commercial market selling to builders, contractors, government entities, industrial businesses and maintenance professionals.

About HD Supply

HD Supply, formerly a wholly owned subsidiary of The Home Depot, Inc., was formed by The Home Depot, Inc. in 1997 with the acquisition of Maintenance Warehouse, a direct mail marketer of maintenance, repair and operations products. On August 30, 2007 HD Supply announced the completion of sale of the company to a group of three private equity firms: Bain Capital, The Carlyle Group, and Clayton, Dubilier & Rice, Inc. HD Supply, a leading diversified wholesale distributor of construction and maintenance-related products in North America, with annual sales of more than $13 billion, was acquired from The Home Depot for $8.5 billion. The acquisition includes a portfolio of 11 businesses and HD Supply Canada. The company will retain the HD Supply name. HD Supply has nearly 1,000 locations in the US and Canada and more than 26,000 employees providing business solutions to builders, contractors, government entities, industrial businesses and maintenance professionals. The scope of HD Supply businesses includes infrastructure solutions for public works systems, interior and exterior structural building components for residential, commercial, industrial, and institutional projects, maintenance products and services for both facilities and industrial use and home repair and renovation supplies. By using the power of a $60 billion supply chain, HD Supply provides unmatched access to products and services its customers need to be successful on the job site.

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Other active stocks are Home Depot, Inc. (NYSE: HD), ImClone Systems Incorporated (NASDAQ: IMCL) and Credence Systems Corporation (NASDAQ: CMOS).

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