AMNE Issues Corporate Update
September 25 2009 - 8:41AM
Marketwired
American Green Group, Inc. (PINKSHEETS: AMNE)
(www.americangreengroup.com) is pleased to announce the hiring of
John Alden Ward (Al) who has joined Paradigm Polymers as Operations
Manager.
Mr. Ward will be responsible for the day-to-day operations of
the company, including oversight of Equipment Sales and Technical
Training. Mr. Ward, formerly President of Award Specialty Services
of Suburban Atlanta, has been in the Polyurethane Foam and Coatings
business for more than 25 years, and brings a wealth of personal
knowledge and contacts to the Paradigm Polymers' family of
companies.
Mr. Ward's first weeks have been productive ones. He has
established the Regional Sales program and seated two Regional
Sales Managers. In addition, an advanced advertising and recruiting
program is now operating under Mr. Ward's supervision. This program
will culminate with the hiring of 5 more Regional Sales Managers at
well as at least 20 Sales Agents and 10 Technicians. Mr. Ward will
work out of Paradigm's Macon Georgia office.
AMNE would like to clarify some information regarding its
transaction with Ecosafe Insulation of Florida, LLC, ("ECOFL") AMNE
is not completing or contemplating a reverse merger, the Company is
not changing its stock symbol, nor is it contemplating a reverse
stock split, which would be counterproductive to the forward split
it just completed. AMNE is merely entering into a business
transaction that would entitle the Company to 50% of ECOFL. AMNE
felt it would be more beneficial to become partners and oversee how
Ecosafe Foam and Infinite R are marketed rather than just being a
supplier.
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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