ADGI signs agreement with Probifasa for Mexico.CORAL GABLES Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla.--(BUSINESS WIRE)--June 29, 1995--Jerrold R. Hinton, Ph.D., 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 Bulletin Board: ADGI) announced an agreement has been made with Probifasa S.A. de C.V., a 40-year-old, long-established manufacturer of pharmaceuticals in Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , to manufacture blood derivative products including Human Serum Albumin Human serum albumin is the most abundant protein in human blood plasma. It is produced in the liver. Albumin comprises about half of the blood serum protein. It is soluble and monomeric. , Factor VIII factor VIII n. A factor in the clotting of blood, a deficiency of which is associated with hemophilia A. Also called antihemophilic factor, antihemophilic globulin, antihemophilic globulin A, and IX and other pharmaceuticals and biopharmaceuticals, to register them with the Ministry of Health and to be exclusive distributor for Mexico. Juan Franyutti de la Parra, Director General of Probifasa, feels that sizable government and commercial orders can be acquired due to the price and quality advantage offered by ADGI. Probifasa has representation throughout Mexico and supplies products to over 1000 hospitals. The Human Serum Albumin market alone in Mexico is over 1.6 million vials per year or approximately $80 million. CONTACT: American Diversified Group Inc., Coral Gables Jerrold R. Hinton, Ph.D., 305/448-1288 |
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