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ADGI Announces Sales Revenues and Receivables for 3rd Quarter
NEW YORK--(BUSINESS WIRE)--Oct. 22, 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. |
