ADGI Appoints Huff as CEO.Business Editors NEW YORK--(BUSINESS WIRE)--May 21, 2002 American Diversified Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADGI), announced today the appointment of Timothy M. Huff huff - To compress data using a Huffman code. Various programs that use such methods have been called "HUFF" or some variant thereof. Opposite: puff. Compare crunch, compress. as its Chief Executive Officer. Last week, in St. Louis, MO, ADGI held meetings of its Board of Directors and management. In addition to Mr. Huff as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , there were several other management changes and additions including: Mitchell L. Siegel as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Joseph O. Swanson as Chief Technical Officer and Thomas Y. Jimenez as Chief Financial Officer. ADGI's two wholly owned subsidiaries 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 and NCI See Liberate. Telecom, Inc. are being merged into the parent company. The corporate offices and some of the key management staff will be relocated to Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. within the second quarter. Dr. Jerrold R. Hinton continues as President of the company. Mr. Przemystaw L. Kostro, Chairman stated, "We are pleased to have Messieurs. Huff, Siegel, Swanson and Jimenez accept positions of leadership in our company, which is a continuation of our growth process. These talented individuals enhance the capabilities and experience of our professional management staff. Mr. Huff is one of the finest and most capable young and experienced talents in the international telecom industry and we believe his leadership, with all that we have in motion, provides the needed dynamics for our immediate and long-term future. Our meetings in St. Louis, this past week, were very productive. We reviewed our strategic plans, timetables and responsibilities for the deployment and operations of our networks in the countries in which we have a presence and those in which we have involvements with local partners. We all look forward to 2002 being a very successful year for ADGI." 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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