American Group, Inc. Builds New $1.5-Million State-of-the-art Soil Mixing Facility.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--February 12, 1999--The American Group, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : MOSS) is constructing a $1.5-million soil blending plant which when completed, will have the capacity to produce in excess of $15 million in annual sales of custom blended soil mixes, it was announced today by Eric W. Deckinger, president. The plant is expected to be operational in early summer. The American Group, through its subsidiary Lantana lantana (lăntā`nə): see verbena. lantana Any of more than 150 shrubs that make up the genus Lantana in the verbena family, native to the New World and African tropics. Peat and Soil, currently operates a soil-blending plant in Palm Beach County on 11.5 acres of land with an annual production capacity of approximately $3 million. The new state-of-the-art plant is being constructed in Dade County Dade County can refer to the following places:
In addition to greatly increased capacity, the new facility is located within 15 minutes drive time of the Homestead Homestead. 1 City (1990 pop. 26,866), Dade co., SE Fla.; inc. 1913. A large Miami suburb with a growing Hispanic population, Homestead is a trade center for the redland district, known for its many varieties of citrus and other fruits and vegetables. nursery markets. Florida is the leading U.S. producer of horticultural products. A recent study estimated the state's horticultural industry has a value-added economic impact of more than $5 billion on the state's economy. The American Group is a Florida-based processor and wholesale distributor of custom-blended soil mixes to the domestic and international markets. Certain of the statements contained in this press release may be deemed 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. . Such statements and other matters addressed in the press release involve a number of risks and uncertainties. Among the factors that could cause actual plans to differ materially from these statements and other matters are the risks and other factors which are detailed, from time to time, the company's reports with the U.S. Securities and Exchange Commission. |
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