Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: frick who wrote (7353)	11/10/1998 12:41:00 PM
From: Debra&Jeff	Read Replies (3) \| Respond to of 9569

News.... Tuesday November 10, 12:07 pm Eastern Time Company Press Release ADGI Announces Sales Revenues HICKORY, N.C.--(BW HealthWire)--Nov. 10, 1998--American Diversified Group (Nasdaq BB:ADGI - news) announced Tuesday that it has completed the sale in the United States of imported Brazilian commodity products totaling $220,000. This sale will be included in ADGI's last quarter of fiscal 1998. ADGI has purchased, financed and sold the commodity products, in the amount of $220,000. A letter of credit for 20% of the revenues ($44,000) has been issued. The remaining $176,000 will be payable upon completion of the shipment, which is scheduled before the end of November, 1998. Dr. Jerrold R. Hinton, ADGI's president/CEO, has stated that this transaction was facilitated as a result of ADGI's presence, through its representatives, who have ongoing business in Brazil. Dr. Hinton further stated that ADGI will continue to pursue further business opportunities in all territories where ADGI has business representatives and will explore similar transactions during the remainder of fiscal 1998 and during 1999, based upon its financing capabilities, in order to increase its sales revenues. For further information, ADGI's Broadcast Fax System provides ADGI information (releases, newsletters, shareholder updates) and is accessible to all ADGI shareholders via fax. To become part of ADGI's Broadcast System, please contact ADGI's Investor Relations Office at 212/332-5009 or by fax at 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 Dr. Jerrold R. Hinton, 212/332-5009 More Quotes and News: American Diversified Group Inc (OTC BB:ADGI - news) Related News Categories: biotech, medical/pharmaceutical