Exhibit
10.1


 


AMAZING
TECHNOLOGIES CORP. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE AXION SOLUTIONS, INC.


 


NEWPORT BEACH, CA—December 21, 2005 – Amazing Technologies Corp. (Other
OTC:AZTN.PK - News), an early-stage public company that acquires, supplies and
integrates Real Time solutions and Web-based services for the SMB market,
announced today that it has signed a definitive agreement to acquire Axion
Solutions Inc., an Oracle reseller based in Irvine, California.


 


“We are extremely excited to welcome Karen Mills,
her talented team of about 60 professionals and hundreds of loyal customers
into the Amazing fold,” said J. Bradley Hall, CEO of Amazing Technologies. “This
acquisition is another clear validation of our business model and we expect to
be making similar announcements in the near future”.


 


Karen Mills who along with Paula Milano
successfully co-founded Axion almost 9 years ago noted “Oracle’s renewed
commitment to JD Edwards has resulted in a flurry of activity in the channel
and we are very optimistic that the opportunity to join the Amazing team will
position us perfectly to expand upon our current revenue base of close to $10
million, next year.”


 


Paula Milano, an Axion board member and
shareholder said “Among the variety of offers we looked at, we were excited to
do this deal with Amazing because Brad, Simon and the rest of their proven team
share Axion’s core philosophy of making our customers stronger through
commitment and ownership in their success”.


 


Simon Arkell, President of Amazing said “This is a great day for the
stakeholders in both Axion and Amazing. We also firmly believe that the customers
and prospects of Axion are in a position to benefit from the expanded global
reach that we can now collectively offer.”


 


About Amazing Technologies:


 


Founded in 2004, Amazing Technologies Corp. aims to be a leading
supplier and integrator of real-time solutions and web services that can be
dynamically identified, located, accessed, compiled and assembled in
pre-specified configurations. The company has been launched to strategically
acquire software and service providers that help transform organizations into
real-time enterprises that are connected, integrated and always on. Amazing’s
target customers include small and mid-sized corporations that require
automation, Web enablement, ecommerce, and mobility and security solutions
utilizing Java and .NET “Web services” for rapid integration with external
information.


 


About Axion Solutions Inc.:


 


Axion Solutions Inc., provides end-to-end enterprise software solutions
including implementation services and support. The company specializes in
solutions for small and mid-market businesses including Oracle EnterpriseOne and
JD Edwards.


 


“Amazing”
is a trademark of Amazing Technologies Corp. and may be registered in certain
jurisdictions. This release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section 21B
of the Securities Exchange Act of 1934. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events or performance are
not statements of historical fact and may be “forward-looking statements.”
Forward-looking statements are based on expectations, estimates and projections
at the time the statements are made that involve a number of risks and
uncertainties which could cause actual results or events to differ materially
from those presently anticipated. Forward-looking statements in this action may
be identified through the use of words such as “expects,” “will,” “anticipates,”
“estimates,” “believes” or statements indicating certain actions “may,” “could”
or “might” occur.


 





















 


Contact:


 


For further information please contact:
J. Bradley Hall
Chief Executive Officer
Amazing Technologies Corp.
949 706 7845 x11
Email Contact brad@amazingca.com
http://www.amazingca.com
 
Investor relations:
 
Marlon Nurse
Vice President
Porter, LeVay & Rose, Inc.
7 Penn Plaza
New York, NY  10001
212-564-4700