ADGI Announces June 30, 2000 Net Income.

Business Editors

HICKORY, N.C.--(BUSINESS WIRE)--Aug. 15, 2000

American Diversified Group, Inc. (OTCBB:ADGI) today announced that it had net income of $32,594 for the six months ended June 30, 2000, compared with net losses of $660,860 during the same period in 1999. The company had revenues of $1,959,677 for the period, which reflects a 472% increase over the six months ended June 30, 1999 when revenues were $415,294. Total assets as of June 30, 2000 were $1,969,907 compared to assets of $453,247 at December 31, 1999.

For the three months ended June 30, 2000, ADGI had revenues of $825,666 compared to $208,212 for the quarter ended June 30, 1999, a 397% increase. Net loss for the period was $59,228 compared to a net loss of $227,684 for 1999.

ADGI subsidiaries continue to be profitable. Global Transmedia had revenues of $656,821 in the second quarter and net income of $43,759, while NCI Telecom had revenues of $168,845 and net income of $5,206. For the six months ended June 30, 2000, Global Transmedia had revenues of $1,261,820 and net income of $132,492, while NCI Telecom had revenues of $697,857 and net income of $24,613.

"We are excited about the results of our operations. Our team has worked extremely hard and as a result, we continue to have a net income. This is a claim that most companies in our industry cannot make," stated Jerrold R. Hinton, President and CEO of ADGI. "We continue to build networks and anticipate continued growth in each of our key business indicators: revenue, minutes and international points of presence."

About ADGI

ADGI is a fully reporting public company with all filings current with the Securities and Exchange Commission. The companies that comprise the ADGI group of companies are majority-owned and part of its operating group. ADGI will continue to make strategic investments in synergistic and complementary companies to create the powerful leverage opportunities that will further ensure the success of the company.

American Diversified Group, Inc. 110 N. Center Street Hickory, NC 289601 Contact: Jerrold R. Hinton, Ph.D., President/CEO

Global Transmedia Communications Corporation Miami, FL 33131

NCI Telecom, Inc. DeSoto, MO 63020

Capital Fulfillment Group, LLC 100 Research Road, Hingham MA 02043 Contact: Kay O'Malley Investor Relations, 781/740-1649 e-mail: [e-mail]

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. Readers are cautioned as to potential risks, as discussed in the "Factors That May Affect Future Results" section included in the Company's Annual Report on Form 10K-SB filed with the SEC for period ending Dec. 31, 1999, and the risks discussed in the Company's other filings with the SEC. While management believes that the expectations reflected in the forward-looking statements and assumptions upon which the forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.