ADGI Subsidiary Announces Update on Mexico Network.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 15, 2001 Global Transmedia Communications Corporation, a subsidiary of American Diversified Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADGI), today announced that its Mexico network has been turned up and that expansion of the network will begin immediately. Global Transmedia commenced passing traffic during the week of February 5. The network is being activated in a segmented fashion providing control on quality and termination. The traffic currently being transported includes a significant amount of minutes from U.S. Tier I companies and Global Transmedia expects to exceed ten (10) million minutes for the first 30 days, targeting 30 million minutes per month during the second quarter. The network is contracted to carry up to 30 million minutes and will be expanded to carry over 60 million minutes before the end of the year. Global Transmedia also announced that as a result of the delayed deployment of the Mexico network, the fourth quarter 2000 operations did not reflect the substantial increase in revenue that it expected from Mexico operations. The company substantially operated at the same level as the previous quarters and the actual results of the operations will be announced after the auditors have concluded their reviews. Peter J. Lindemann, 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. of Global Transmedia, states "We have made a substantial commitment to the Mexico market and we are now going to enjoy the benefits of our work and dedication. With the network turned up, and a solid relationship with our clients and our strong affiliation with top Mexican telecommunication companies, we expect the revenue stream to increase substantially as previously projected. With most of the obstacles behind us, we can concentrate on expanding our networks and strengthening our client base." Jerrold R. Hinton, PhD, CEO and President of ADGI states, "We have been patient, resilient and continue on the path of our strategic initiatives and business plan in implementing our goals. We adopted a three-year plan The Three-Year Plan of Reconstructing the Economy (Polish: Trzyletni Plan Odbudowy Gospodarki) was a centralized plan created by the Polish communist government to rebuild Poland after the devastation of the Second World War. and with necessary modifications and changes, both internally and externally, beginning our second year, feel poised to share rewards in 2001. The sequence of events relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our Mexico operations may have taken longer to achieve, but that makes the results much more gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. and satisfying. Updates on other projects and activities will be forthcoming shortly." About Global Transmedia Communications Corporation Global Transmedia Communications Corporation is a facilities-based international telecommunications company See telecom company. . Its core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
(2) (Microwave Communications Inc. and major carriers currently enjoy. Web Site www.gtccusa.com 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. Contact: Jerrold R. Hinton, Ph.D., President and CEO, 110 N. Center St., Suite 202, Hickory Hickory, city, United States Hickory, city (1990 pop. 28,301), Burke and Catawba counties, W N.C., at the foot of the Blue Ridge Mts.; inc. 1870. It is a processing and trade center for an abundant agricultural region (grain, soybeans, poultry, hogs, , NC 28601 Telephone: 828/322-2044/E-mail: adgi@abts.net 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 December 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. |
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