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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks
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To: Ga Bard who wrote (982)10/21/1997 10:40:00 PM
From: BIll  Read Replies (1) of 8835
 
Here's ADGI's release for today

NEW YORK--(BUSINESS WIRE)--Oct. 21, 1997--American Diversified Group
(OTC.BB:ADGI)
Tuesday announced that for the first time, it shall report sales revenues and accounts
receivable for a fiscal
quarter.

ADGI has orders shipped, prepaid orders, and orders subject to shipping, which total
approximately
$150,000 as of Sept. 30, 1997, which will be publicly reported and reflected in
ADGI's Quarterly Report
on Form 10-QSB being filed with the Securities and Exchange Commission.

Such results are principally from ADGI's pharmaceutical and medical products
operations and secondarily
from the recent commencement by ADGI of call-back telecommunication sales in
West Africa. ADGI
projects that it shall experience a significant increase in sales revenues and accounts
receivable from both its
pharmaceutical and medical products operations as well as from its telecommunications
operations during the
last quarter of the fiscal year ended Dec. 31, 1997, which it shall report in its Annual
Report on Form
10-KSB.

For further information, ADGI is now part of the Broadcast Fax System, which will
disseminate ADGI
information and is accessible to all ADGI shareholders via fax. Please contact ADGI's
NYC Investor
Relations and Conference Office at 212/332-5009 to be part of ADGI's fax network.

CONTACT: American Diversified Group Inc.
212/332-5009
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