DEERFIELD BEACH, Fla., March 19 /PRNewswire/ -- American Benefits Group
Inc. (OTC Bulletin Board: ABFG) is pleased with the accomplishments of its
various Corporations and the direction of its business since the launch of its
Internet Business Division.
On January 15th, ABFG opened their first Internet beta site
thegemstore.com and have been very pleased with the results. The response to
the site and the recently announced alliance with Kanakaris Communication Inc.
(OTC Bulletin Board: KANA), together with ABFG's other recently opened
Internet shopping sites ("vitualvitamins.com" and "adventureandtravel.com"),
have combined to position ABFG for tremendous growth.
"I believe ABFG is now ready to aggressively pursue a segment of the
Internet retail business market which we can dominate. We have built the
infrastructure in our new location and are hiring additional staff in order to
continue our growth and service the various ventures we have initiated to
date. I am hopeful that our hard work will be rewarded with the completion of
three or four joint ventures which will diversify the ABFG portfolio of
interests and increase the bottom line value of the Company," said
Jerry Mikolajczyk, President of ABFG.
Next week ABFG will be opening its fourth Internet retail outlet to be
named "art on rodeo.com" in keeping with the Company's intent to market the
name "Rodeo Island" www.rodeoisland.com as the Internet Shopping Mall of the
future. The inventory for this new outlet will be one-of-a-kind art pieces and
collector items. A Press Release is tentatively scheduled for next Wednesday,
March 24th, to outline the inventory available. www.artonrodeo.com is
currently finalizing the details for its first Internet Art Auction scheduled
for June 1999.
"A lot of people have asked the question, how real is ABFG's holdings in
Madagascar?" said Jerry Mikolajczyk. "To answer this question, I am pleased to
announce that ABFG will be chartering a plane to fly 132 people to Madagascar
on the Labor Day weekend to walk the sites and hold an on-line broadcast from
Madagascar." ABFG is anticipating sending 60 shareholders, 30 customers and
20 professional analysts to review the sites and recognize the potential of
ABFG's holdings. The trip will commence in New York City with a Due Diligence
meeting and then fly to Madagascar via Paris. Details of the trip will be
announced by the Company via an Internet Video Broadcast scheduled for
March 25, 1999 at 4 p.m. EST.
ABFG is presently working with corporate counsel to complete the
Form 10 documents to ensure they become a reporting issuer.
American Benefits' mission is to enhance shareholder value through the
development of profitable business operations. American Benefits is an active
and aggressive Company building and diversifying its portfolio through the
development of new operations, the acquisition of profitable operations, the
utilization of the most modern and advanced technology available and the
maximization of the strengths of their employees.
For Further information on this news release or on the Company, please
contact: Jerry G. Mikolajczyk,President, or Kelly Kellner, Investor
Relations, Telephone number: 888-533-4555, or e-mail: Info@abfg.com, or
www.abfg.com.
This press release contains forward-looking information within the meaning
of section 27A of the securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbor created by those
sections. This material contains statements about expected future events
and/or financial results that are forward-looking in nature and subject to
risks and uncertainties. For those statements, we claim the protection of the
safe harbor for forward-looking statements provisions contained in the Private
Securities Litigation Reform Act of 1995 and any amendments thereto. Such
forward looking-statements by definition involve risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the company to be materially different from the future results, performance
or achievements expressed or implied by such forward-looking statements. In
particular, there is no assurance that reserves, production, pricing levels or
other factors pertaining to the mining, manufacturing and retail operations
will be sustained at the expected rates or levels over time. Discussion of
factors which may affect future results are contained in our recent filings.
SOURCE American Benefits Group, Inc.
-0- 03/19/99
/CONTACT: Jerry G. Mikolajczyk, President, or Kelly Kellner, Investor
Relations, both of American Benefits Group, Inc., 888-533-4555, or
Info@abfg.com/
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