AMNE Signs MOU for Five States in the Northeast
November 17 2009 - 8:30AM
Marketwired
American Green Group, Inc. (PINKSHEETS: AMNE)
(www.americangreengroup.com) and its wholly owned subsidiary
Paradigm Polymers have executed a Memorandum of Understanding with
Triumph Energy, Inc. ("Triumph"), which will give Triumph the
rights to five states in the Northeast.
Triumph would have the right to sell and distribute all Paradigm
Products within their region, which is defined as New Hampshire,
Vermont, Mass, Rhode Island, and Maine.
Triumph Energy, Inc. located in Massachusetts is a new division
of an existing company that has been in business for over 20 years.
The newly created entity will have all the resources of the parent
company, a well established company with construction industry.
Triumph intends to be very aggressive with their established in
house marketing group and will also offer in house training and
sales support to all old and new installers.
AMNE believes the final agreements with Triumph should be
completed prior to year's end.
The Company believes all other remarks made in the release to be
accurate to the best of their knowledge.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
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