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To: Joe Copia who wrote (4590)	7/21/1999 4:03:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

GOGO ask is .20 any takers?!

To: Joe Copia who wrote (4590)	7/21/1999 4:05:00 PM
From: SSP	Respond to of 150070

HICKORY, N.C.--(BUSINESS WIRE)--July 21, 1999--American Diversified Group, Inc. (OTC BB:ADGI) announced today that its Internet telephony affiliate, Global Transmedia Communications Corporation ("GTCC"), Miami, FL, has reached agreement with its network services provider and has extended its original contract term from one (1) year to three (3) years. ADGI stated that GTCC's latest strategic move signals its affiliate's first important step in launching its worldwide calling services well into the new millennium. The contract extension insures that GTCC has the continuing technical service and support it requires to allow the continuing planned development and growth of its calling services. Equally important is the fact that the longer term will provide additional financial rewards to GTCC and its local foreign partners. By being able to offer extended multi-year service agreements, ADGI projects that its Internet affiliate will continue to be able to fulfill the planned acceleration of its growth that ADGI implemented. The possibility of offering longer term service contracts adds a strong financial reason for new local partners in each country to sign with GTCC and commit their calling traffic to the GTCNetLink system. This will also provide the foundation for attracting the necessary investment in those markets as ADGI's telecommunication affiliate continues to build its capabilities servicing Central and South America. ADGI expects the extension to add a tremendous increase in value to all the local country service agreements its affiliate now has in place as well as increasing the worth of those agreements currently under negotiation and new arrangements it is seeking for the future. Revenues and income growth will now be able to be greater over a much longer, "locked-in" term for ADGI's telecommunications affiliate. There are two reasons the extension will enhance revenues. All service agreements take advantage of minimum minute monthly purchase requirements and the minimum required monthly calling services. Both of these revenue streams can now be extended for additional terms. 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. --30--cp/mi* CONTACT: American Diversified Group, Inc., Hickory Executive Offices Jerrold R. Hinton, President/CEO 828/322-2044 or 828/322-3798 (fax) or NY Offices 212/332-5009 or 212/332-3249 (fax)