ABFG news! Also CRNC news... Both had news yesterday also.
Company Press Release
SOURCE: American Benefits Group, Inc.
ABFG Presents 'Live' Internet Broadcast Today
at 4:00 p.m. EST at www.abfg.com Watch and
Listen on the Internet!!
DEERFIELD BEACH, Fla., March 25 /PRNewswire/ -- American Benefits Group, Inc. (OTC Bulletin
Board: ABFG - news) will present a ''live'' Internet audio and video broadcast today at 4:00 p.m.
EST. The program can be viewed at the companies' website. www.abfg.com and the broadcast will
outline ABFG's current status as well as future growth strategies.
Interviews with Store Managers from ABFG's Internet Shopping Mall, RodeoIsland.com, (
www.rodeoisland.com ), an update on mining operations live from Madagascar and an update on the
alliance with Kanakaris Communications Inc. (OTC Bulletin Board: KANA - news) will be featured.
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, both of American Benefits Group,
888-533-4555.
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. Discussions of factors, which may affect future
results, are contained in our recent filings.
Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an
offer to buy the securities of the company described in this Press Release in which such offer,
solicitation or sale of securities would be unlawful prior to registration, qualification or filing under
the securities laws of any jurisdiction.
SOURCE: American Benefits Group, Inc.
Chronicle Communications, Inc. And Florida Machine And Welding, Inc. Sign Acquisition Agreement
TAMPA, Fla., March 25 /PRNewswire/ -- John V. Whitman Jr., President/CEO of Chronicle Communications, Inc. (OTC Bulletin Board: CRNC - news) announced that Chronicle has signed a definitive agreement for the acquisition of Florida Machine And Welding, Inc. (FMW). Chronicle will acquire 100% of the outstanding stock of Florida Machine And Welding, Inc. for 1,600,000 shares of voting convertible preferred stock with a stated value of $5.00.
FMW is engaged in the business of refurbishing and marketing heavy equipment, re-manufacturing and rebuilding major components for the utility and marine industries. Major customers include Florida Power and Light, and Tampa Electric Company. FMW has over $5,600,000 in assets, $5,000,000 in projected revenues over the next 12 months and has been in business for over 22 years.
''Finalizing this acquisition represents the first step in realizing the new direction of Chronicle. FMW is an important component to the construction division of Chronicle. FMW is a solid, established business that adds quality assets and estimated earnings to Chronicle's financial statements. FMW's expertise, facilities and crane assets clear the way for rapid expansion of our proposed demolition, re-mediation and abatement businesses.'' Whitman stated.
Chronicle Communications Inc., is a fully reporting, publicly traded company quoted on the OTC Bulletin Board under the symbol of ''CRNC.'' The Company, founded in 1996 and headquartered in Tampa, Florida is the publisher of ''The Register,'' the only comprehensive directory of new home builders' inventory homes available in the greater Washington D.C. Metropolitan area. The Register is published 23 times per year with separate editions for Maryland and for Virginia. Chronicle also operates a commercial web-offset printing plant in Tampa, Florida. Complete information including links to the SEC's EDGAR database can be found at Chronicle's web site at www.chronicleinc.com/.
Special Note: The foregoing release contains forward-looking statements.
There are a number of important factors that could cause actual events to
materially differ from those indicated by such forward-looking statements,
including the availability of funding, results of marketing efforts and
general economic conditions, among others.
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