AMNE Sells Its First County for $250,000
2009-05-19 08:30 ET - News Release
NEW HAVEN, CT -- (MARKET WIRE) -- 05/19/09
American Green Group, Inc. (PINKSHEETS: AMNE) is pleased to announce that its wholly owned subsidiary, Eco-Built Systems LLC, d/b/a Paradigm Polymers has sold it first county for $250,000.
AMNE recently acquired Ecosafe Premium Foam® and has since been traveling around the country signing up sales reps and trying to sell counties. Broward County, FL with an estimated population of 1.8 million people and 800,000 housing units was sold for $250,000.
AMNE believes as more people realize the benefits of Ecosafe insulation as an environmentally safe and friendly product, due to the foam being non-toxic and contains no petrochemicals or solvents, more counties will be sold.
AMNE would also like to restate the record date for its 5 for 1 forward split is June 1st, all shareholders of record on June 1st will receive 5 shares for every one share of AMNE they own. The Company would also like to go on record as saying that the Company has no plans of doing a reverse split in the future as they see that counterproductive to the forward split.
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.
