Atlantic Gulf Completes Annual Meeting Agenda Held Over From June 24th.MIAMI--(BUSINESS WIRE)--July 2, 1998--Atlantic Gulf Communities (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 -AGLF) closed the polls and tallied the shareholder vote on several issues which were held over from the Annual Meeting held June June: see month. 24, 1998. The polls were held open to allow more shareholders to vote on issues regarding executive compensation, employee stock options and an amendment to the Company charter to permit a reverse stock split. All the items were approved and the Annual Meeting was adjourned. Atlantic Gulf Communities Corporation is one of the Southeast's largest residential real estate developers. The Company develops residential lots for homebuilders in many of Florida's most active markets, including South Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and , Jacksonville Jacksonville. 1 City (1990 pop. 29,101), Pulaski co., central Ark., inc. 1941. The city has varied industries, including printing and publishing and the manufacture of electronic equipment, ordnance, and plastic and metal products. , Tampa, Orlando and Ft Myers, as well as new projects in Raleigh-Durham, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . Headquartered in Miami, the Company is a proven leader in professional development services and is known for its leadership role in environmental quality. This press release includes "Forward looking" statements that are subject to risks and uncertainties. The following factors could affect the Company's future results and could cause those results to differ materially from those expressed in the forward looking statements: (a) the inability to generate growth in revenues and net income; (b) unanticipated capital expenditures, including costs associated with real estate development prices; (c) unanticipated costs, difficulties or delays in completing or realizing the intended benefits of development projects; (d) adverse changes in current financial market and general economic conditions, including interest rate increases; and (e) actions by competitors.
CONTACT: Atlantic Gulf Communities Corporation
Harry Rose, 305/859-4376
(Fax) 305/859-4616
http://www.atlanticgulf.com
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