Posts Tagged ‘AMNE’
AMNE Finishes Quarter With Just Under $300,000 in Revenue
October 1st, 2009 | Author: Tom
NEW HAVEN, CT — (Marketwire) — 10/01/09 — American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) is pleased to announce that its third quarter revenue came in at just under $300,000.
AMNE met internal projections for the quarter, which is traditionally a slow quarter for the industry. For the fourth quarter, AMNE anticipates beating the third quarter with new markets coming online and advertising for Ecosafe Premium Foam(TM) set to begin.
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AMNE Does Retrofit for the Media and Becomes a Shareholder
September 29th, 2009 | Author: Tom
NEW HAVEN, CT — (Marketwire) — 09/29/09 — American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) completed a retro fit on Friday in New Haven, CT which was invitation only for installers and media professionals.
Paradigm Polymers completed the install of its Ecosafe Premium Foam retrofit product in North Haven, CT on Friday, September 25, for a 1950s, 2000 sq ft, ranch style, that was injected with our insulation product which is extremely versatile. Ecosafe Premium Foam, with its superior advantages, represents the product of tomorrow — available TODAY. This install will provide an additional R15.3 of insulation value to the building envelope. The full fill cavity of foam will give a “no draft” air barrier, with an extraordinary sound barrier. The block foundation will also receive its first insulation, to comfort the basement space and reduce energy costs. The install will be used as a model to show other homeowners in the area the savings they can expect from using Ecosafe Premium Foam.
AMNE Issues Corporate Update
September 25th, 2009 | Author: Tom
NEW HAVEN, CT — (Marketwire) — 09/25/09 — 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.
9-21-09 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
September 21st, 2009 | Author: Tom
Stocks are lower after release of worse-than-expected economic forecast
The Conference Board says its index of leading economic indicators increased 0.6 percent in August, slightly less than the 0.7 percent increase expected by economists. Still, it marked the fifth straight month of gains in the index.
News of Dell Inc.’s plans to buy information technology company Perot Systems Corp. for about $3.9 billion did little to invigorate investors who have taken stocks up more than 50 percent since early March.
The benchmark Standard & Poor’s 500 index tacked on a 2.5 percent gain last week, bringing its total rise since March to 58 percent, after Federal Reserve Chairman Ben Bernanke declared the U.S. recession was “likely over.” Investors are now waiting to see what the rest of the Fed has to say this week during its two-day rate-setting meeting, which begins Tuesday.
In early trading, the Dow Jones industrial average fell 62.05, or 0.6 percent, to 9,758.15. The Standard & Poor’s 500 index lost 7.44, or 0.7 percent, to 1,060.86, while the Nasdaq composite index fell 8.71, or 0.4 percent, to 2,124.15.
AMNE Increases Its Assets by $8 Million
September 17th, 2009 | Author: Tom
NEW HAVEN, CT — (Marketwire) — 09/17/09 — American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) through its joint venture with Ecosafe Insulation of Florida, LLC (ECOFL) will increase its Net Assets by $8 million dollars in the third quarter.
Under the terms of the agreement with ECOFL, AMNE is entitled to half of the revenue generated from ECOFL. ECOFL will be completing a reverse merger in the next few days and will issue AMNE a fifty percent equity stake in the new company. At the current market value AMNE would realize a gain to its Net Assets of $8 million dollars.
AMNE and Ecosafe Insulation of FL to Form Joint Venture
September 15th, 2009 | Author: Tom
NEW HAVEN, CT — (Marketwire) — 09/15/09 — American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) is pleased to announce the Company is entering into a joint venture with Ecosafe Insulation of Florida, LLC (ECOFL), the Company that controls 5 territories in FL.
The agreement would allow ECOFL to market Ecosafe Foam and Infinite R in 14 states running from North Carolina to California. AMNE and ECOFL would share in the revenue under the agreement. AMNE would supply all the Ecosafe Foam and access to Infinite R to ECOFL at cost. In return, ECOFL would be responsible for setting up logistics to handle all 14 states, marketing, sales and installation.
