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Microcap & Penny Stocks : ADGI - American Diversified Group -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (9431)	3/13/2000 11:57:00 AM
From: John7777	Read Replies (1) \| Respond to of 9569

********NEWS********** ADGI Announces Progress on All Fronts March 13, 2000 10:53 AM HICKORY, N.C.--(BUSINESS WIRE)--March 13, 2000--American Diversified Group, Inc. ADGI announced today that its activities and involvements are progressing and exceeding expectations. Dr. Jerrold Hinton, President of ADGI stated, "We have a great team, many opportunities and we are excited with the progress we are making with our established strategic plans. We are continuing with the exploration of additional opportunities. We are building the foundation for what we believe to be a very substantial company based on a highly motivated management and technically competent team." We presently have Global staff in Colombia, others just returning from Mexico, others having recently returned from meetings in Israel and Poland. Our local partners in Mexico, Colombia and Venezuela along with others yet to be announced are likewise excited about our mutual opportunities. This coming week there will be meetings in Miami with a full agenda, attending will be our key staff plus consultants for a concentrated focus on our priorities. In this coming week's meetings in Miami, a partial list of agenda items: discussing and reviewing the web site, discussing several potential affiliations, joint ventures and acquisitions, discussing proposals from PR firms, reviewing proposals received for financing and capital infusion, discussing spinning off the pharmaceutical, generic drug business and medical business to its own entity. Private investors have contributed an initial $500,000 and another $1,500,000 has been committed. We intend to initiate a Private Placement within the next 90 days in the $5-10 M range which will allow us to accelerate a ramp up of equipment and services in the targeted countries in South America, Mexico and Eastern Europe. Shares and options in the Private Placement will be registered in an SB-2, which is currently being prepared. The 10-K is being finalized and will be filed on or before May 31st. We intend to announce the 1st Quarter revenues from operations the first week in April. We have been in a tactical operational mode for some 90 days with much of that time dedicated to testing and monitoring our facilities to verify that they are functioning properly. Our first quarter revenues will illustrate substantial progress in our opinion. We have an aggressive 1, 2 and 3 years plan which we are confident are attainable. One of our goals is to become a full NASDAQ qualified company, which we anticipate being possible by the first or second quarter of 2001. The interview with Dr. Hinton by the Wall Street Reporter (wallstreetreporter.com) was well received and has been quoted in several industry presentations. The previous releases issued by the company provide an overview of our activities. We intend to have corporate information available via our web site shortly. We continue to forge ahead with confidence ,inspiration, and the ability to effectively navigate the telecommunications market place. 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 Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are 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 (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. CONTACT: American Diversified Group, Inc., Hickory Jerrold R. Hinton, Ph.D., President 828/322-2044, 828/322-3798 (fax) E-mail. adgi@abts.net Terms of Use, and Privacy Policy ¸ 1996-2000 Microsoft Corporation and/or its suppliers. All rights reserved. ¸ 2000 Business Wire. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)