Another PRESS/NEWS RELEASE :
Company Press Release
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ADGI's Internet Affiliate Announces Agreement with
MCI
HICKORY, N.C.--(BUSINESS WIRE)--Sept. 9, 1998--American Diversified Group (NASDAQ BB:ADGI - news)
Wednesday announced that its Internet telephony affiliate, GTCC, has signed an agreement with MCI.
Under this agreement, MCI will provide unrestricted long distance domestic calling for the customers for ADGI's affiliate's
Internet telephony services.
This additional calling service being added to ADGI's international Internet telephony services and international calling plan, will
provide customers with costs significantly less than those currently offered by other major overseas long distance providers.
ADGI, by combining MCI's long distance services with ADGI's international Internet telephony services, will allow overseas
callers to access any city in the continental US, at no extra cost to its subscribers in foreign markets. Overseas, a subscriber
will also be able to call the US for one low rate through the Internet telephony service providers. Further, in the US, ADGI's
subscribers may call abroad under the subscriber's calling plan and access the system through a toll-free 800 number.
The basic international calling rate offered by ADGI, whether originated from the US or overseas is $.25 a minute compared
to competing calling plans are as follows and whose rates are for US originated calls only:
Country ADGI AT&T Sprint Var-Tec (10-10-811)
Colombia 0.25 0.55 0.60 0.90
Israel 0.25 0.64 0.50 0.70
Mexico 0.25 0.49 0.57 0.60
Brazil 0.25 0.50 0.56 0.90
Argentina 0.25 0.81 - 1.10
Hong Kong 0.25 0.66 - 0.60
The additional major benefit of the ADGI calling plan feature is that the subscriber can access the ADGI Internet telephony
network either from the US or Latin America, at the same low rates, which are at least 50% or more lower than in many
countries.
In addition to individual subscribers, ADGI is marketing international calling minutes in bulk to its participating network of
Internet Service Providers (ISP) and other telecommunications services companies in its market area. ADGI projects a
minimum of 100,000 minutes per month for each of the participating ISPs and expects to be able to lower the cost of its calling
rate to $.20 or less to each ISP after the ISP reaches its minimum sales requirement each month.
Executive Offices: 110 N. Center St., Suite 202, Hickory, NC 28501, Tel: 704/322-2044, Fax: 704/322-3798. NY Investor
Relations: 45 Rockefeller Plaza, 20th Fl., NY, NY 10111, Tel: 212/332-5009, Fax: 212/332-3249.
Except for the historical information herein, the matters discussed in this press release include forward-looking statements that
may involve a number of risks and uncertainties. Actual results may vary based upon a number of factors, including, but not
limited to, risks in product and technology development, market acceptance of new products and continuing demand, the
impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the company's
most recent annual report and other filings with the Securities and Exchange Commission.
Contact:
American Diversified Group Inc., New York
NY Investor Relations, 212/332-5009
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American Diversified Group Inc (OTC BB:ADGI - news)
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