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Microcap & Penny Stocks : ADGI - American Diversified Group
ADGI 2.320-2.5%Dec 12 3:59 PM EST
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To: Riley G who wrote (5274)3/11/1998 4:26:00 PM
From: purecntry5  Read Replies (1) of 9569
 
The source close to the company has indicated that the management will
announce several major breakthroughs in the Investor Conference on March 12, 1998 in New York City

First, ADGI has recorded significant revenues of $1.65 M in the first
two months of 1998. This is first time ever the company has reported
business operation revenues in the company history. The management
conservatively estimates that the company will record revenues of $ 10 M in the fiscal year of 1998, ended on Dec. 31, 1998.

Second, the management anticipates that the company can reach revenues
of $40 M in the year of 1999.

Third, the company will commence a plan to buy stocks back in March of
1998, reducing floating shares in half from 87 M shares to 43.5 M
shares.

Fourth, the company wont have a reverse split in order to raise the
trading price of the stock. The management firmly believe that the ways to improve the stock value are (1) to conduct the businesses well and grow the company; (2) to expose the company to investor community well; (3) to reduce outstanding shares; (4) to list the stock in AMEX or NASDAQ. The management is very confident that the company will meet
these listing criteria by the year of 2001.

200 attendee including 20 analysts and managers from some money
management firms will attend the Investor Conference.
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