American Technologies Group, Inc. Announces Shareholder Approval to Increase Authorized Shares.Business Editors MONROVIA, Calif.--(BUSINESS WIRE)--Sept. 3, 2002 American Technologies Group Inc. (ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATEG ATEG Assembly for the Teaching of English Grammar ) announced today that their shareholders have approved an amendment to its certificate of incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to increase the authorized number of shares of common stock from 100 million to 1 billion shares at a special meeting held at the Harvard Club in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on August 30, 2002. Total shares voted (of 99.5 million common shares outstanding at the record date of July 1, 2002) were 86.6 million; 81.4 million shares voted for the proposal, 5.1 million against, and 0.1 million abstained. On a percentage basis, 94.0 percent of votes cast were for, 5.9 percent against, and 0.1 abstained. Dr. Gary Fromm, Chairman of American Technologies Group, Inc., in response to questions after the vote, said that the authorized share expansion was needed to raise additional capital and for potential use in mergers and acquisitions. American Technologies also intends to pursue and strengthen its marketing of existing catalyst and distiller products. Dr. Fromm introduced Mr. M. Yukawa who heads ATG Japan, an independent marketing organization, for products in Japan and other Asian countries Noun 1. Asian country - any one of the nations occupying the Asian continent Asian nation country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" . Greetings were received at the meeting from two Japanese firms with whom discussions on marketing initiatives have been held. Discussions are proceeding with firms in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , China, and India on licensing, manufacturing and distribution rights for catalyst production in those areas. Except for the historical information contained herein, the statements in this announcement are 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. which involve risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions in the markets in which the company operates; success in the development and market acceptance of new and existing products; dependence on suppliers, third-party manufacturers and channels of distribution; customer and product concentration; fluctuations in customer demand; maintaining access to external sources of capital; ability to execute management's margin improvement and cost control plans; overall management of the company's expansion; obtaining of necessary regulatory approvals; and other risk factors detailed from time to time in the company's filings with regulatory bodies. |
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