Axion Spatial Imaging (ASII) Announces Letter of Intent To Acquire Multinational Distribution Company With Subsidiaries In India

  
    
  
  
    
      Axion Spatial Imaging (Pink Sheets:ASII) announced today that it has 
      signed a letter of intent to acquire all the stock of a privately held 
      US distribution company with subsidiaries in India, China, Europe, and 
      Canada. Financial details of the proposed acquisition are not disclosed 
      at this time. The acquisition is expected to close in April of 2008 and 
      is subject to certain closing conditions, including satisfactory 
      completion of due diligence and execution of the Definitive Agreement.
    
    
      The Company manufactures under contract and private label pigments, 
      dyes, chemicals, and steel wires and is currently expanding into 
      pharmaceuticals. Current relationships and joint ventures include three 
      (3) manufacturing plants to directly supply steel wires to manufacturers 
      for springs, automobiles and garment/textile industries. The Company 
      also holds joint ventures with two (2) plastic manufacturers for plastic 
      bag distribution in the US market.
    
    
      "This acquisition supports ASII’s 
      strategy of focusing on revenue growth and profit generation. It 
      expedites our corporate goals in the US as well as opens new business 
      opportunities internationally. We are hoping to have this acquisition 
      finalized within the next couple weeks, and are excited to partner with 
      a diversified, multinational corporation with steady revenue streams 
      worldwide," stated Axion Spatial Imaging Inc. President, Ricardo Perez 
      Rodriguez.
    
    
      Safe Harbor Statement:
    
    
      Except for historical information contained herein, the matters set 
      forth above may be forward-looking statements that involve certain risks 
      and uncertainties that could cause actual results to differ from those 
      in the forward-looking statements. Words such as "anticipate," 
      "believe," "estimate," "expect," "intend" and similar expressions, as 
      they relate to the Company or its management, identify forward-looking 
      statements. Such forward-looking statements are based on the current 
      beliefs of management, as well as assumptions made by and information 
      currently available to management. Actual results could differ 
      materially from those contemplated by the forward-looking statements as 
      a result of certain factors such as the level of business and consumer 
      spending, the amount of sales of the Company's products, the competitive 
      environment within the industry, the ability of the Company to continue 
      to expand its operations, the level of costs incurred in connection with 
      the Company's expansion efforts, economic conditions in the industry and 
      the financial strength of the Company's customers and suppliers. The 
      Company does not undertake any obligations to update such 
      forward-looking statements. Investors are also directed to consider all 
      other risks and uncertainties.