To: Soccrates who wrote (6625 ) 4/13/1999 4:32:00 PM From: sshia Read Replies (1) | Respond to of 9115
ABFG news Tuesday April 13, 2:03 pm Eastern Time Company Press Release SOURCE: American Benefits Group, Inc. ABFG's Acquisition Team on the road DEERFIELD BEACH, Fla., April 13 /PRNewswire/ -- American Benefits Group, Inc. (OTC Bulletin Board: ABFG - news; ABFG) confirms that a team of Acquisition Specialists is currently involved in performing the Company's due diligence obligations respecting a significant acquisition for the company. The confirmation of their actions is in keeping with ABFG's policy of keeping shareholders fully informed of company actions. ABFG's policy on Acquisitions calls for the target company to be unique, have the ability to generate up to a 50% gross margin from the sale of its products or services, to be in a positive cash flow position, and be able to return the initial investment in 5 years or less. ABFG will present a 45 minute ''live'' Internet audio and video broadcast on Wednesday, April 14, at 4:00 PM EDT. The program may be viewed at the Companies' website, ABFG.com (www.abfg.com) or through their Internet shopping Mall, RodeoIsland.com (www.rodeoisland.com). The broadcast will update ABFG's current status; host a question and answer interview period with ABFG's President, Jerry G. Mikolajczyk; present additional details on the proposed acquisition; and provide updates on other ongoing ABFG projects such as ABFG TV. 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 Telephone number: 888-533-4555. Info@abfg.com www.abfg.com NOTE: 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.