American Group, Inc. Suspends Talks With Plants Express.BOYNTON BEACH Boynton Beach, city (1990 pop. 46,194), Palm Beach co., SE Fla., on the Atlantic coast; inc. 1920. A major suburban area, it is also a beach resort and vegetable-shipping point. , Fla.--(BUSINESS WIRE)--July 23, 1999-- The American Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: MOSS) has suspended negotiations to acquire the assets of Plants Express, Inc., a Florida-based supplier of potted pot·ted adj. 1. a. Placed in a pot. b. Grown in a pot: many potted plants in the study. 2. Preserved in a pot, can, or jar. 3. Slang a. plants and manufacturer of designer plant containers, it was announced today by Eric Deckinger, president of The American Group. "We have mutually determined that the timing is inappropriate to proceed with the acquisition at this time," Deckinger said. 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. The company is constructing a new, state-of-the-art soil blending plant which when completed, will have limitless capacity for the foreseeable future to serve Florida's $1.5 billion horticultural hor·ti·cul·ture n. 1. The science or art of cultivating fruits, vegetables, flowers, or ornamental plants. 2. The cultivation of a garden. industry. This press release contains or incorporates by reference "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. , including certain information with respect to plans and strategies of The American Group, Inc. For this purpose, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words "believe(s)," "anticipates(s)," "plan(s)," "expect(s)," and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause actual events or actual results of MOSS to differ materially from these indicated by such forward-looking statements. |
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