National Park Service Achieves LEED Gold Status by Installing Axis Ballasts

Business Wire, Nov 17, 2006

LINCOLN, Neb. -- Axis Technologies Group, Inc. (Pink Sheets:AXTG) announced today that the National Park Service Regional Office in Omaha, NE became the fifth building in the US to achieve LEED (Leadership in Energy & Environmental Design) Gold Status. This certification is provided through the US Green Building Council. The building went from LEED Silver Status to LEED Gold Status as a direct result of installing the Axis Technologies Dimming/Daylight Harvesting (DDH) ballasts in one large area of their new building located on the Omaha riverfront.

This area was monitored for energy savings, and the data showed 70% lighting energy reduction over the standard T8 system that was originally slated for installation.

The report on this installation is available on the Axis Technologies website, or by contacting Axis directly at (866) 458-9880.

For further information on Axis Technologies, Inc. visit www.axistechnologyinc.com.

About Leadership in Energy & Environmental Design:

The Leadership in Energy & Environmental Design (LEED) Green Building Rate System[TM] is a nationally accepted benchmark for the design, construction and operation of high performance green buildings. LEED promotes a whole-building approach by recognizing five key areas of human and environmental health. The system focuses on sustainable site development, water savings, energy efficiency, materials selection and indoor environmental qualities. The LEED Rating System was created to transform the built environment to sustainability by providing the building industry with consistent, credible standards for what constitutes a green building. Eligibility requirements include and extensive site plan review and specific site audit. More can be learned about LEED at www.usgbc.org.

About Axis Technologies Group, Inc.:

Axis Technologies Group, Inc. conducts its business through this wholly owned subsidiary Axis Technology, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technology, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis DDH ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast.

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.