ADGI Announces VoIP Network Expansion into Caribbean.Business Editors/High Tech Writers NEW YORK--(BUSINESS WIRE)--March 20, 2002 American Diversified Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADGI), announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Global Transmedia Communications Corporation ("Global") has entered into agreements for the expansion of their global VoIP network into the Caribbean. The network is presently operational and is successfully completing its ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale phase. Revenues for the Caribbean network by the end of March will exceed $ 150,000 with projected monthly revenues of $ 300,000 per month and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of $ 3.6 million. This is another step in the company's strategic and progressive plan to expand their VoIP networks and Enhanced Services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; Platform into advantageous and profitable countries setting the foundation for a global Super Hub Structure, capable of delivering quality VoIP voice, data and its Virtual Office services, at advantageous market rates, to virtually every part of the world. Certain statements in this release 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. or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", 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. |
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