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Wednesday, October 07, 2009 8:33:33 PM
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AMNE Begins New Direction
Market Wire, December, 2008
American Green Group, Inc. (PINKSHEETS: AMNE) is beginning to move forward with its news business model as a distributor of Chemicals in the $6 Billion Dollar Insulation market. On December 3, 2008 a Board Resolution was signed officially terminating John Cangiano as the CEO and President of AMNE and appointed Terry Mixon as the new CEO and Chairman of the Board. As part of the rescission agreement all the shares issued for the purchase of AES have been returned to the company which would include 35 million shares of Common stock and 11,500 shares of Series AA Preferred Stock, AES shall no longer be a wholly owned subsidiary of AMNE as of December 15, 2008.
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