AMNE and FL Sales Company Expand Agreement to Include Infinite R
* Reuters is not responsible for the content in this press release.
NEW HAVEN, CT, Jul 30 (MARKET WIRE) --
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
Copyright 2009, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters