Global Transmedia Concludes Successful Meetings and Creates Subsidiary in Mexico.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 8, 2001

Global Transmedia Communications Corporation, a wholly-owned subsidiary of American Diversified Group, Inc. (OTCBB:ADGI), announced that it has recently concluded successful senior-level executive meetings in Mexico with its strategic partners. Global Transmedia also announced the formation of a majority-owned Mexican subsidiary.

As a result of the meetings held in Mexico, Global Transmedia is now able to terminate traffic directly into a number of additional Mexican cities by expanding its geographical reach. The Mexico meetings have also resulted in lowering Global Transmedia's costs for termination to specific telephone exchanges in Mexico.

Creation of the Mexican subsidiary enables Global Transmedia to reduce previous difficulties associated with operating through third-party in-country intermediaries. The existence of the subsidiary simplifies the administrative and management processes associated with the company's Mexico operations. The efficiencies resulting from the creation of the subsidiary ultimately yield cost benefits to the Mexico operations' bottom line.

In the wake of recent intensified regulatory activity of COFETEL, the Mexican regulatory authority, several international carriers have been prohibited from continuing operations in Mexico as they lacked the proper authorization and concessions. By contrast, Global Transmedia's partners are COFETEL-authorized carriers. These alliances ensure a solid foundation for Global Transmedia to continue to provide high-quality services to its customers.

Jerrold Hinton, CEO of ADGI, stated, "We are very pleased with the way our activities in Mexico are progressing. These newly strengthened alliances will prove highly beneficial to us and to our partners and will drive the continued expansion of our Mexican operations."

About Global Transmedia Communications Corporation

Global Transmedia Communications Corporation is a facilities-based international telecommunications company. Its core competency is providing VoIP networks for international call origination, termination, voice and data transport. Global Transmedia has been granted International Carrier Status under Section 214 Authority from the Federal Communications Commission (FCC). This authority granted by the FCC gives Global Transmedia certain rights and privileges that AT&T, MCI and major carriers currently enjoy.

About ADGI

ADGI is a fully reporting public company with all filings current with the Securities and Exchange Commission. The companies that comprise the ADGI group of companies are majority-owned and part of its operating group. ADGI will continue to make strategic investments in synergistic and complementary companies to create the powerful leverage opportunities that will further ensure the success of the company.

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. Readers are cautioned as to potential risks, as discussed in the "Factors That May Affect Future Results" section included in the Company's Annual Report on Form 10K-SB filed with the SEC for period ending December 31, 1999, and the risks discussed in the Company's other filings with the SEC. While management believes that the expectations reflected in the forward-looking statements and assumptions upon which the forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.