ADGI retires 11.83 M shares and adds director.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 14, 1996--Jerrold R. Hinton, president and chief executive officer of American Diversified Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ADGI), announced Tuesday that the company had retired 11.83 M shares of the company's common stock. The stock was issued for agreements and services, which the board felt were not finalized or the services were not rendered in accordance with the agreements and to protect the stockholders' interests, the stock was retired. Releases were obtained from the parties who held the stock and the company likewise gave releases. The stock transfer agent was notified accordingly and the shares were cancelled. Thomas J. Craft Jr., was elected to the board of directors. Craft, an attorney, graduated from Florida State University Florida State University, at Tallahassee; coeducational; chartered 1851, opened 1857. Present name was adopted in 1947. Special research facilities include those in nuclear science and oceanography. and the Nova Southeastern University History Originally named Nova University of Advanced Technology,[7] the university was chartered by the state of Florida in 1964[8][9] as a graduate institution in the physical and social sciences. Law School. He served as in-house counsel for the Harry Ward Estate, owner of TJC, P.A., in West Palm Beach, handled commercial litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. for Hurd & Horvath, served as corporate counsel for Trident Environmental Systems Inc., a public company and is presently a principal with Craft Associates Inc., dealing in corporate and real estate law. The company accepted the resignations of board members Louis Maniero, Bernard A. Wagner and Claude R. Kirk. The company now has an 800 number -- 800/793-4469. The company recently moved into a 6,000 square foot office facility in West Palm Beach at 501 South Dixie Highway South Dixie Highway is the name given to a stretch of U.S. Route 1 south of downtown Miami, Florida. It is an off-street grid main thoroughfare, as it intersects both avenues and streets on the grid plan. . CONTACT: Internetwork Communications Inc., New York Michelle Sotnikow, 212/681-1114 |
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