The Axiom Board of Directors’ principal objective is to create and deliver value for shareholders. The Board intends to do this by building Axiom into a substantial and well-respected property development company with a national focus.

In many ways Axiom has been “reborn” as a company. Prior to 2006 the Company experienced a number of difficult years which led to a share price that had hit rock-bottom and the Company being left with just one asset – a 40% stake in the Port Geographe Canal Development at Busselton, South-West, Western Australia.

On April 11th 2006, shareholders voted to accept a recapitalization proposal and Pivot Group Pty Ltd became Axiom’s major shareholder. Pivot Group is one of Australia’s most successful private property development companies. Incorporated in Perth in 1972 it has completed over $1 billion worth of developments across Australia – including Office Buildings, Shopping Centres,Medical Centres, Bulky Goods Centres, Hotels, Resorts, Theme Parks and Marinas.

The new Board of Axiom, following the re-capitalisation, has concentrated on diversifying Axiom’s portfolio – across property sectors and across all Australian States.

Initially Axiom is sourcing new developments via a Strategic Alliance with its major shareholder, Pivot Group. The Alliance requires Pivot to offer to Axiom the right to acquire, at the greater of cost or valuation each property development opportunity as and when such opportunity is granted all regulatory approvals and is ready for development. Each development ,if agreed to by the Independent Directors, must then be approved by shareholders.

Whilst utilizing this Strategic Alliance to build Axiom into a substantial Company, the longer term strategy is to develop Axiom’s own capacity to source development opportunities.

Axiom will develop this capacity by building a strong management team – whose core values will be built around :

Ethical standards

Honesty

Integrity

Commitment

Teamwork

Individual accountability