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To: SSP who wrote (2913)	7/8/1999 4:59:00 PM
From: 2MAR$	Respond to of 150070

Yep, could be a nice gapper! INFO ...and the street likes INFO! :-))) 2MAR$

To: SSP who wrote (2913)	7/8/1999 5:01:00 PM
From: 2MAR$	Read Replies (1) \| Respond to of 150070

Bought ADGI @ .022 on the news today, closed up .033 (COMTEX) B: ADGI Announces its Latin America Telecommunications Netwo B: ADGI Announces its Latin America Telecommunications Network Expands Into Brazil HICKORY, N.C., Jul 8, 1999 (BUSINESS WIRE via COMTEX) -- AmericanDiversified Group, Inc., Hickory, NC (OTC BB:ADGI) announced today that its Internet telephony affiliate, Global Transmedia Communications Corporation ("GTCC"), Aventura, FL, has successfully reached agreement and is expanding its Voice over IP system into Brazil. ADGI has been informed by being able to enter this market now there is significant potential for increasing revenue growth expectations during the second half of the year and to position its business for accelerated future growth in market share and revenues in the foreseeable future. With its decision to center its telecommunications business through GTCC and to promote accelerated growth and implementation of its affiliate's business plans in the South American market, ADGI is taking advantage of entering these new growing markets early in countries where there already is significant overseas calling traffic and where Voice over IP communications have become readily accepted as the next level of service in telecommunications. Due to ADGI's decision, GTCC has been able to enter the country of Brazil significantly ahead of schedule. ADGI's affiliate believes this head start opportunity will allow it to continue accelerating efforts to capture market share and possibilities for increasing growth in revenues and competitive position. ADGI has been informed in the foreseeable future that the demand for this type of service will continue to out pace capacity. ADGI believes the size of the Brazilian market represents its affiliate's largest calling market opportunity to date. ADGI has planned these steps to prove its commitment to the future success of its telecommunications business. ADGI believes the tremendous cost savings offered by Voice over IP over traditional calling rates will capture a significant amount of calling volume worldwide. GTCNetLink phone-to-phone Voice over IP calling services offers corporations and individuals the level of service and quality afforded by the public telephone network at significantly lower calling costs. Particularly in South America, the differential between the per minute calling rates charged by the public telephone networks far exceeds the cost per minute for GTCNetLink. As it has successfully done during the past year as new countries are added to the network, ADGI's affiliate is actively negotiating agreements with local revenue partners. Local revenue partners supervise GTCNetLink network operations and sell the calling services to their local customers. Typically, these agreements also call for, among other terms and conditions, the requirement toprepurchase specific minimum levels of calling services each month by the local partner based upon the level of overall long distance and overseas calling traffic from their respective countries. Executive Offices: 110 N. Center St., Suite 202, Hickory, NC 28601, 828/322-2044, 828/322-3798 (fax). NY Offices: 45 Rockefeller Plaza, Suite 2000, NY, NY 10111 212/332-5009, 212/332-3249 (fax). Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would" and similar expressions and all statements which are not historical facts are not intended to identify forward -looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance (financing or operating) or achievements to differ from future results, performance (financing or operating) or achievements expressed or implied by should forward-looking statements. The above factors are more fully discussed in the Company's SEC filings. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: ADGI, Hickory Jerrold R. Hinton, President/CEO, 828/322-2044 WEB PAGE: businesswire.com GEOGRAPHY: NORTH CAROLINA NEW YORK INTERNATIONAL LATIN AMERICA INDUSTRY CODE: COMED TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. *** end of