American Benefits Group Refocuses.Business Editors DEERFIELD BEACH Deerfield Beach, town (1990 pop. 46,325), Broward co., SE Fla., on the Atlantic coast; inc. 1925. The development of high-technology industry and commerce expanded the town and more than doubled its population between 1970 and 1990. , Fla.--(BUSINESS WIRE)--March 9, 2001 American Benefits Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ABFG) is pleased to make the following announcements. Ms. Louise Marie Olga Razafisoamandimby has been appointed to the position of Managing Director of the Company's Malagasy subsidiary Stones and Wood Corporation s.a.r.l. Company Director Mr. Dror Moradov resigned this position in order to more fully devote his time to the newly created position of Managing Director of African and Asian Operations. Stones and Wood Corporation s.a.r.l. has confirmed with the Company that all Stones and Wood Corporation s.a.r.l. perimeters in the Democratic Republic of Madagascar are current, valid and subsisting. Since November 2000, American Benefits Group, Inc.'s new Management Team under President and Chief Executive Officer Gerald E. Sklar has refocused the Company on its original Business Model. This model joins the Mining Division (extraction and processing of corundum corundum (kərŭn`dəm), mineral, aluminum oxide, Al2O3. The clear varieties are used as gems and the opaque as abrasive materials. Corundum occurs in crystals of the hexagonal system and in masses. into loose sapphires, loose rubies and finished jewelry) with the ABFG Internet Solutions Divisions (ISD See IDD. ). The ISD has proven to be a valuable component of the Business Model allowing the company to gain a profile within the colored gem and jewelry industry. The ISD is quickly becoming a self-sufficient division within American Benefits Group, Inc. through its ability to undertake much of the Company's promotional and marketing costs while, at the same time, developing an independent client base. The ISD, based in Calgary, Alberta, Canada has relocated its office to Suite 208, 5920 Macleod Trail SW, Calgary, Alberta, Canada, T2H 0K2. All other contact information remains the same. About ABFG ISD The ABFG Internet Solutions Division offers a wide range of internet solutions including Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. , Web design, and Web marketing; ISD offers the latest in video streaming See streaming video and video stream. technology. ISD also produces daily Financial News Broadcasts "The Pulse -- Morning Markets" and "The Pulse -- Discussion", both available for viewing on uptic.com and bNetTV.com. The Company's new studio and additional service improvements will allow the ISD to better serve clientele and to continue to create entertaining and informational internet experiences for viewers. The ISD maintains various client sites as well as abfg.com, TheGemStore.com, Rodeoisland.com, bNetTV.com, and Uptic.com. Through the facilities of its ISD Department American Benefits Group, Inc. will be holding a live Internet Broadcast at 4:00 PM EST EST electroshock therapy. EST abbr. electroshock therapy , Tuesday, March 20, 2001. The Internet Broadcast may be viewed on the Company's corporate website www.abfg.com. This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for 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. provisions contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent filings. Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction. For further information on the company and this news release please visit http://www.abfg.com. |
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