ADGI Announces Summary of Joint Board Meetings.Business Editors HICKORY, N.C.--(BUSINESS WIRE)---Feb. 1, 2000 American Diversified Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADGI) announced successful completion of the joint meetings held in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. this past week between the Boards of Directors and management of American Diversified Group (&uot;ADGI&uot;) and Global Transmedia Communications Corporation (&uot;Global&uot;). There were many agenda items and all were addressed and discussed. The Global Year 2000 business plan was presented, reviewed and approved jointly concerning all aspects of the continued growth and development of the telecommunications arm of ADGI. Global will not only be expanding its network vigorously to new countries but has added new profit centers for working with VoIP equipment manufacturers developing new product applications, for deploying and licensing new telecom valued added products and for its network management group. Many aspects of the business plan will be discussed in subsequent news releases. The due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and documentation are progressing in accordance with the merger plans as previously stated. No impediments to the union of the companies has been found. Global's offices have expanded from its corporate headquarters and hub located in Miami to St. Louis and San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. . In St. Louis Global is establishing its NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, where its new Chief Technical Officer and Director of Software Operations are already located. The San Antonio office is servicing the new Global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. for Mexico where Global has also established operations in Monterrey. To enhance the carrier services side of its business, Global is currently finishing plans for offices and facilities in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and New Jersey, which should be finalized during February. Negotiations are continuing for operations in Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . ADGI and Global have also been working with a number financing sources to provide the funding for Global. Global has been successful in the past with its private investment group and ADGI has added its group of investment bankers. Both companies were working together with their respective financing groups to take advantage of the best possible capital sources for the companies. Preparation of the 1999 Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. is actively being worked on by the ADGI's CPA's, attorneys and auditors and will be filed in a timely fashion. Corporate communication, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and investor relations Investor relations The process by which the corporation communicates with its investors. will be expanded and improved this year with various consultants being interviewed with a goal of providing the Company the best short and long term communication with the public as well as the final preparation of the corporate collateral material including web pages for ADGI and Global which are under construction. The mood of the managements of both companies is excitement and great expectations for what they will accomplish this year building Global into an international telecommunications force and continuing to build worth and value for ADGI shareholders. Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Act of 1995. The words &uot;forecast&uot;, &uot;project&uot;, &uot;intend&uot;, &uot;expect&uot;, &uot;should&uot;, &uot;would&uot;, and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. Executive Offices: 110 N. Center St., Suite 202, Hickory, NC 28601 (828) 322-2044 (828) 322-3798 (fax) e-mail: adgi@abts.net Contact: Jerrold R. Hinton, Ph.D., President Global Transmedia Communications Corporation, Miami, FL (305) 579-9922 |
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