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.
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visit:http://www.prnewswire.com/news-releases/axiom-holdings-inc-responds-to-sec-subpoena-and-updated-information-300475810.html
SOURCE Axiom Holdings, Inc.