SAN JUAN CAPISTRANO, Calif., April 23, 2007 (PRIME NEWSWIRE) -- American Mold Guard, Inc. (Nasdaq:AMGI), the industry leader in mold prevention services, secured over $1.7 million in new orders specifically in the multi-family segment of the residential construction market, during the first quarter of 2007. The new orders are for projects in California, Florida, Louisiana, Texas and Virginia.
"During the second half of 2006, we re-aligned our sales force and focused the sales organization's efforts on specific target markets, notably the multi-family sector throughout the United States," said Robert Bayer, Corporate Vice President of Sales for American Mold Guard. "Our multi-family clients recognize the value we provide in protecting the structural and financial investment they make, whether they are building a two-family townhouse or a high rise apartment complex. The long-term structural and financial benefits of our mold prevention services extend from the builder and developer to homeowners and tenants," added Mr. Bayer. "We are pleased with the adoption rate that we are seeing and we expect to see continued sales momentum as we expand into new territories. Our new multi-family order activity in the first quarter included $1.0 million of orders from existing clients and $0.7 million of orders from first-time clients," concluded Mr. Bayer.
American Mold Guard helps multi-family developers, single-family and custom builders by protecting their organizations' financial investments, structures, clients and overall reputation from the negative impact caused by mold infestation. Prior to the hanging of interior drywall, AMG ensures that all structural surfaces are free from mold and then applies its 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 specific and transferable to the homeowner, helping mitigate liability for builders and home builders alike.
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 antimicrobial surface treatment 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 our services, 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 American Mold Guard's periodic reports including current reports on Form 8-K, quarterly reports on Form 10-Q and the company's annual report on Form 10-KSB, furnished to and filed with the Securities and Exchange Commission. American Mold Guard undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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.
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