August 15 2023 -- InvestorsHub NewsWire -- Axis Technologies
Group, Inc. (OTCMARKETS:
AXTG) (the "Company" or "AXTG") today issued the following
Letter to Shareholders from its Chief Executive Officer, Dr.
William Tien.
Dear Shareholders:
In a significant communication to the shareholders, AXTG's CEO
presents the official 2023 letter, marking a pivotal moment since
the last official correspondence on September 15, 2021. This
communication serves as an opportunity to provide a comprehensive
overview of the developments within our restructured group and to
highlight the remarkable strides achieved behind the scenes up to
this point.
Additionally, the letter will shed light on AXTG's prospects for
the upcoming year.
The CEO, in this crucial update, underscores the progress
achieved by AXTG, underscoring the company's commitment to
innovation and growth. The strides made since the last
communication underscore the dedication of the entire team and the
strategic initiatives that have been implemented to drive
success.
AXTG's Vision – Investing in the Pursuit and Advancement of
blockchain technologies in the digital assets space.
After navigating a dynamic landscape within the blockchain
sector and observing the widespread adoption of Web 3.0 and the
Metaverse over the last 18 months, Asian markets have emerged as
proactive supporters of diverse Web 3.0 initiatives. These
initiatives span a spectrum of projects, including the
transformation and enhancement of urban landscapes through the
implementation of digital twin concepts. This innovation aims to
facilitate the seamless integration of Real World Assets (RWA) into
the digital realm.
In the realm of Artificial Intelligence (AI), novel
opportunities and complex challenges have arisen. The perspective
on software development has evolved from human-centered creativity
to a realm of superhuman innovation. This shift encompasses the
resolution of technological deployment issues, exploration of
potential use cases, and the formulation of revolutionary
methodologies that previously eluded human ingenuity.
The founding team behind AXTG boasts a wealth of intellectual
expertise cultivated since the early stages of 2008, primarily
within the domain of carbon credits. Their accomplishments include
the establishment of the inaugural carbon credits exchange in 2010,
accreditation as carbon auditors in Australia during the same year,
and the dissemination of carbon trading insights since 2010 in
Beijing, China. AXTG's partnership with Carbonis Inc. has led to
the development of Carbon 12, an EVM Proof of Stake (PoS)
blockchain designed to power the Carbonis ecosystem. This
transformative ecosystem seeks to harness the potential of Real
World Assets (RWA) through the digitization of carbon credits.
Aligned with the United Nations Framework Convention on Climate
Change (UNFCCC) roadmap, aiming for global Carbon Neutrality by
2050/2060, more than 193 countries have committed to UN Social
Corporate Goals (SDG) and Environmental Social Governance (ESG).
According to a D&B report, over 35 million global companies are
poised to fulfill their ESG reporting obligations, constituting an
expansive pool of potential carbon tax and credits traders on a
global scale.
As part of its strategic vision, AXTG concentrates on nurturing,
advancing, overseeing, and promoting various facets of enterprises
encompassing digital assets.
The organization is committed to realizing this objective
through strategic acquisitions, investments, and leveraging its
existing investment portfolio.
Recent AXTG Achievements:
Since our last update in AXTG has accomplished the
following:
- New Management Team - The Company has appointed the following
key executives to its management team:
- Richard Casinelli been appointed in 2023, CFO – CPA accountant
and a seasoned public company executive
- Mru Patel been appointed in 2023 as Non Executive Director -
his primary role was preparing AXTG in raising fund for AXTG
through eWealth Tech fund meeting to meet ESG/SDG compliance from a
Asian SDG Fund
- Completed Acquisitions of both TiENCHAT and T8 Exchange, which
both now the business have merged and integrated inside TiENWORLD
LLC, a 100% subsidiary of AXTG.
- All Ethereum mining operations stop last year after Ethereum
change its protocol from Proof of Work to Proof of Stake. The
existing computers have now been set aside to be reuse in our
testing and new deployment of new Nivida GPU cards to trial our own
AI powered Nodes used in the new Carbonis’s blockchain development.
If results meets the expectation a new AI powered system will be
build with new tools been developed through strategic
partnership
- Further Development of both TRAMS and ETHFUND – will improve on
the overall design and utilized the existing structure to power the
Decentralized Exchange (DEX) with decarbonized project on RWA.
AXTG Portfolio of Companies
TIENWORLD will integrated all existing wallets users
(2,000,000+) inside TiENCHAT and T8 Exchange with new
designed NFT IDs that will be issued for users to be used for the
partnered Carbonis ecosystem.
The Years Ahead: AXTG 2023-2024
Our AXTG and subsidiary management teams have spent the past
year working diligently, quietly, building what we believe is a
solid corporate and operational foundation capable of supporting
our portfolio companies. I am excited to outline some of our goals
for the coming year:
- Mergers & Acquisitions – as the DeFi market space continues
to rapidly evolve, we will be seeking out acquisitions that both
compliment the Company's strategic initiatives and strengthen the
balance sheet, further adding value to our growing portfolio of
companies and to our shareholders.
- Growth Capital and Financing Initiatives – We will seek out
various methods of raising capital to support the various growth
and strategic initiatives. To date, the Company have committed with
eWealth Tech seeking to raise approx. $10m in equity financing in
order to purchase and expand its development of the building of a
SaaS solutions for digital bank with digital wallet that can
accept digital asset including CBDC compliance to both
ISO20022 and ISO127001 accreditation. Further plan to seek a
Regulation A (Reg A) to raise US$20 million to acquire new digital
assets like accredited carbon credits meeting ISO14064
- Reinforce Management Team. Assuming our operations expand and
revenue increases in the future, we plan to add new executives and
directors – all with the pedigree and lineage to help advance AXTG
to its fullest potential.
- Proactive Shareholder Communications. To keep our shareholders
informed on our many 2023 catalysts for growth, we plan to
implement a new investor web tab on our website, retain
additional investor relations consultants, and produce
additional media and content to continuously add to our website and
various social media platforms.
AXTG: Investing in the Pursuit and Advancement of Digitalization
in RWA
We have always positioned ourselves to be in the forefront of
the continuously growing and evolving marketplace in digitization
space. We firmly believe that we will be successful as we
continuously strive to identify those areas and opportunities to
enhance the blockchain ecosystem and to further develop those tools
and systems necessary for the digital assets marketplace to
continue to evolve and flourish.
I am very looking forward with what we have accomplished to date
and am even more excited about what we will achieve together in the
future.
Sincerely yours,
Dr. William Tien, President/CEO
About Axis Technologies Group, Inc.
Axis Technologies Group, Inc. (OTCMARKETS:
AXTG) is a publicly traded holding company focused on the
promotion, development, management and marketing of various aspects
of businesses surrounding all aspects of digital assets tools.
Through acquisitions, strategic investments, and its current
investment holdings, AXTG seeks to support, develop and take
advantage of various blockchain and DeFi projects, opportunities
and initiatives
Safe Harbor Statement
This press release may include forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets,
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company assumes no duty to update its
forward-looking statements.
CONTACT:
Axis Technologies Group, Inc.
Twitter: @AXTG2021
www.AXTG.us
ceo@axtg.us
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