ACMI Acquires New Technology.Business Editors GREENVILLE, S.C.--(BUSINESS WIRE)--March 18, 2004 American Consolidated Management Group, Inc. (ACMI ACMI Aircraft, Crew, Maintenance and Insurance (wet lease) ACMI Art & Creative Materials Institute ACMI Air Combat Maneuvering Instrumentation ACMI American College of Medical Informatics ACMI Australian Center for the Moving Image ) has entered into a preliminary technology transfer/license agreement with Dr. Jack Watkins, the inventor/developer of the licensed product. The technology transfer/license agreement provides ACMI with the exclusive license to enhance, commercialize, manufacture and market the all-natural plant product in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Mexico, Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. , Canada, and all countries in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community . This technology is an all-natural product composed of various fruits and vegetables that allows the vitamins, minerals and phytonutrients in those fruits and vegetables to be added to processed food products, enhancing their nutritional value to the consumer. Dr. Jack Watkins' scientific breakthrough (explained here in simplified form) minimizes the degradation of the natural vitamins, minerals and phytonutrients of fruits and vegetables while being further processed in most processed food applications. The inclusion of this technology in processed food greatly enhances the nutritional value of those food products so they deliver the equivalent vitamin, mineral and phytonutrient phy·to·nu·tri·ent n. A substance derived from plants, such as a pigment, that is beneficial to health, especially one that is neither a vitamin nor a mineral. value of 3-5 servings of fruits and vegetables in one serving of the respective food product. The study and application of Phytonutrients is now considered the "Next Frontier in Nutrition". ACMI's all-natural product will allow food manufacturers to increase the nutrient value of their food products as the knowledge of phytonutrients continues to expand. The commercialization of this new technology will serve as the platform from which ACMI will develop. This new technology is the primary focus of ACMI's growth in the Functional Foods segment of the food Industry. ACMI is a newly-reorganized publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (Bulletin Board/Pink Sheets) involved in the development and commercialization of natural plant products for use by established food manufacturers in their products, aimed at the fast growing Functional Foods segment of the $900 billion dollar United States domestic food industry. "Portions of this document may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as defined by federal securities law. Although the company believes any such statements are based upon reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance upon the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " protections provided under the Private Securities Reform Act of 1995. Additional information about the company and issues which could lead to material changes in performance are contained in the company's annual reports and other materials filed with the Securities and Exchange Commission. |
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