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AMNE American Green Group Inc New (CE)

0.000001
0.00 (0.00%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Green Group Inc New (CE) USOTC:AMNE OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

AMNE and FL Sales Company Expand Agreement to Include Infinite R

30/07/2009 2:46pm

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American Green (CE) (USOTC:AMNE)
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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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