May 06, 2009 08:30 ETAMNE Declares 5 for 1 Forward Split
NEW HAVEN, CT--(Marketwire - May 6, 2009) - American Green Group, Inc. (PINKSHEETS: AMNE) announced today that it has decided to move forward with a 5 for 1 forward stock split instead of creating a Preferred Dividend.
The record date shall be June 1, 2009. All shareholders of record as of that date will be entitled to the forward split. The Company will work closely with its counsel, the transfer agent and DTC to make sure the split goes off without a hitch.
The Company would also like to go on record as saying that current management has no plans of doing a reverse split in the future as they see that counterproductive to the forward split. The Company will use funds generated from sales of Paradigm to announce future stock buy-backs.
The Company believes all other remarks made in the release to be accurate to the best of their knowledge.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
