Axiom Holdings, Inc. Responds to SEC Subpoena and Updated Information

Date : 06/19/2017 @ 10:12AM
Source : PR Newswire (US)

Axiom Holdings, Inc. Responds to SEC Subpoena and Updated Information

HONG KONG, June 19, 2017 /PRNewswire/ -- Axiom Holdings, Inc., (OTCQB : AIOM), a Nevada corporation, announced today, based on the extensive search of documents on CJC (Hong Kong) Limited, the Company makes the following statement:

Curt Riley, CEO of Axiom Holdings, stated, "In response to an SEC subpoena, I have reviewed numerous documents and we have found the following issues related to prior news announcements:

1. Hu Deng Yang and Yang Chau (current major shareholders) are still the shareholders of CJC, instead of Axiom or Horizon (wholly owned subsidiary of Axiom) when they had already received 200 million shares of Axiom on 21 December 2016) through the Share Exchange Agreement.

2. Hu Deng Yang is the sole director of CJC as of November 2016 and Nankamalu, who resigned in November 2016 as the CEO of CJC, signed on the SEA Agreement on 21 December 2016, after her resignation on behalf of CJC.

These discrepancies are being examined.  The Company will further announce the developments and take remedial measures."

ABOUT Axiom Holdings, Inc.
Axiom Holdings, Inc., is an Independent power producer that develops, builds, owns and operates power generation plants and hotels. Axiom Holdings will continue to leverage its global partnerships with real estate owners and hydropower developers and expand its asset portfolio through acquisition and development of an identified pipeline of projects. Axiom's strategy is to continue to acquire power companies and hotel operating companies in China, Europe and South East Asia.

FORWARD LOOKING STATEMENTS
The company cautions readers not to place undue reliance on any statements this news release contains, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/axiom-holdings-inc-responds-to-sec-subpoena-and-updated-information-300475810.html

SOURCE Axiom Holdings, Inc.

Copyright 2017 PR Newswire

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