AMNE and FL Sales Company Expand Agreement to Include Infinite R
30 Julho 2009 - 10:46AM
Marketwired
American Green Group, Inc. (PINKSHEETS: AMNE)
(www.americangreegroup.com) announces it has a signed a licensing
deal with Ecosafe Insulation of Florida, LLC (ECOFL) to market
"Infinite R," in the State of Florida. AMNE would also like to
remind shareholders Friday is the shareholder of record date as
issued by FINRA for the 5 for 1 forward split. In order to receive
the dividend, you must be a shareholder of record on the close of
that day.
AMNE has granted ECOFL licenses in 5 of Florida's biggest
counties to market Ecosafe Foam and felt it was a natural fit for
ECOFL to market Infinite R at the same time. ECOFL has retained a
local law firm to assist the company in getting the State of FL to
recognize Infinite R as a standard building product. Miami-Dade
County has the most stringent building codes in the Country. Once
Infinite R is recognized as a standard in the building industry in
FL, other States will accept Infinite R as a new building material.
FL received $137 million in weatherization funds from the stimulus
program. The law firm retained by ECOFL is assisting ECOFL in
tapping into those funds as well as other grants it may receive for
helping to create jobs in the State of FL.
ECOFL will become a manufacture of the Infinite R so it can
distribute the product easily throughout the state. With the help
of AMNE, they are actively seeking machinery to purchase and setup
a facility.
ECOFL has ordered a Sprinter truck from AMNE which is being
outfitted with spray gear for the Ecosafe Foam and is expected to
be delivered by mid August. ECOFL has retained a local PR company
to help launch both products after the truck arrives with a media
event scheduled which will feature a demonstration of both products
to help launch both products in FL.
About Infinite R
Infinite R controls the temperature differential across the
R-value. If the temperature difference can be kept low then the
heat flow across any R-value is also kept low. If the temperature
difference, sometimes referred to as Delta T, equals zero then zero
heat flow occurs. Using this new patented technology, zero heat
flow conditions have been witnessed even when large temperature
differentials existed between the two spaces.
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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