SAN JUAN CAPISTRANO, Calif., Jan. 24, 2007 (PRIME NEWSWIRE) -- American Mold Guard (Nasdaq:AMGI), the industry leader in mold prevention services, is expanding into North and South Carolina and has named Rick DiCarlo to head operations in these two states. DiCarlo will be based in the Raleigh/Durham area.
"Rick has more than 15 years experience in the residential building industry and has worked with the top manufacturers and builders in the nation," said Mark Davidson, President of American Mold Guard (AMG). "We see tremendous growth opportunity in the Carolinas and expect our mold prevention services will be a mainstay for new construction in the coming year."
In 2006, North Carolina had a 7.8 percent increase in new housing starts, including multi-family new construction. North Carolina was ranked third by Moody's Economy.com and the National Association of Home Builders (NAHB) as the fastest new housing starts growth area in the nation.
"Residential builders, whether multi-family, custom, or single-family are faced with increasing building costs and tighter profit margins due to economic conditions," said Davidson. "Many builders know that mold prevention adds value, health and, safety for the homeowner; but more importantly, it also protects the builder from additional costs associated with mold remediation and liability, either during construction or after."
American Mold Guard helps multi-family developers, single-family and custom builders differentiate themselves from their competition. Prior to the hanging of interior drywall, AMG ensures that all structural surfaces are free from mold and then applies their antimicrobial coating to protect the structure from future mold growth. Additionally, AMG performs a comprehensive inspection after treating a structure, and warrants the building against future mold contamination.
The AMG warranty is address-specific and transferable to the homeowner, helping mitigate liability for builders. Since most homeowners can no longer get mold coverage through their traditional property insurance, it is AMG's belief that the AMG warranty provides a financial incentive and assurance their home is protected.
About American Mold Guard:
American Mold Guard, Inc. (Nasdaq:AMGI), founded in 2002, is the industry leader in the field of mold prevention services. Its services are primarily focused on the real estate construction industry in California, Texas, Louisiana, Mississippi, Florida, North Carolina and South Carolina, with active expansion throughout the United States. Its customers include many of the largest national and regional homebuilders. Visit: www.americanmoldguard.com.
The American Mold Guard, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2964
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, statements relating to goals, plans and projections regarding the company's financial position, results of operations, market position, product and service development and market strategy. These statements may be identified by the fact that they use words or phrases such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "targets," "will likely result," "will continue," "may," "could" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. These factors include, among other things, competitive product and service development, future broad market acceptance of mold and hospital acquired infection prevention services, difficulties in raising additional capital in the future, difficulties and delays in establishing the "Mold Guard" brand, the impact of the absence of significant proprietary technology underlying the company's services, a continued and long-term dependence on a limited number of customers, changes to the inventory levels of the company's raw materials suppliers, the impact of a continued absence of exclusive or long-term commitments from the company's customers, changes in the anticipated size or trends of the markets in which the company competes, judicial decisions and governmental laws and regulations, and changes in general economic conditions in the markets in which the company may compete. For further details and a discussion of these and other risks and uncertainties, see the company's periodic reports including current reports on Form 8-K, quarterly reports on Form 10-Q and the annual report on Form 10-K, furnished to and filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.