AMNE Adds Two More Counties and Submits Split Paperwork
June 02 2009 - 8:30AM
Marketwired
American Green Group, Inc. (PINKSHEETS: AMNE) is pleased to
announce that its wholly owned subsidiary, Eco-Built Systems LLC,
d/b/a Paradigm Polymers has licensed two more counties in FL, Pasco
and Hernando Counties located on the West Coast of Florida. The
Company would also like to announce the paper work for the 5 for 1
forward split has been submitted to NASDAQ for review once notified
of the approval AMNE shall set a final record date.
AMNE now has a total of 5 Counties in FL which have some of the
most populated cities in Florida such as Miami, Fort Lauderdale,
Palm Beach, Tampa, St. Petersburg-Clearwater, and Boca Raton among
others. This should be a very good barometer to engage other
Counties across the Country.
AMNE which recently sold its first county in Broward County, FL
for $250,000 to distribute Ecosafe Premium Foam�
www.ecosafeinsulation.com and optioned Dade and Palm Beach County
to the same company for $250,000 each. AMNE has licensed Pasco and
Hernando Counties to the same group giving them 5 Counties in FL.
Collectively the three combined counties have an estimated
population of over 5.5 million people and 3,000,000 housing
units.
AMNE believes as more people realize the benefits of Ecosafe
insulation as an environmentally safe and friendly product due to
the foam being non-toxic and contains no petrochemicals or solvents
more counties will be sold.
About Ecosafe Premium Foam�:
Ecosafe Premium Foam� foam-in-place insulation is an innovative,
ultra-light weight, foam insulation. Ecosafe insulation is an
environmentally safe and friendly product made from nitrogen-based
Tripolymers. The foam is non-toxic and contains no petrochemicals
or solvents. Other "Green" characteristics of Ecosafe Premium Foam�
are: Ecosafe foams contain no CFCs, and emit no ozone depleting
gasses. Nitrogen-based plastics are well known for their
durability, structural integrity, and extraordinary fire
resistance. Tripolymers have been used in electronics, automobiles,
machine parts, fireproof coatings, adhesives, tools, and thousands
of other commercial and household items. When made into foam
insulation, nitrogen-based plastics are some of the safest and most
efficient thermal and acoustical insulation products available.
Ecosafe Premium Foam� is cost-effective, and can help to reduce
home heating and cooling bills by 30%-50%. Ecosafe Premium Foam�
can also provide savings by reducing the size of the HVAC (heating,
ventilation, and air conditioning) unit necessary. Ecosafe Premium
Foam� has a flame spread of 5, combustibility of 0, and its smoke
development is 0. Ecosafe Premium Foam� achieved a Class 1 Fire
rating.
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.
American Green (CE) (USOTC:AMNE)
Historical Stock Chart
From Apr 2024 to May 2024
American Green (CE) (USOTC:AMNE)
Historical Stock Chart
From May 2023 to May 2024