SAN JUAN CAPISTRANO, Calif., Aug. 15, 2007 (PRIME NEWSWIRE) -- American Mold Guard, Inc. (Nasdaq:AMGI), the industry leader in mold prevention services, continues its U.S. expansion by opening a regional sales office in Atlanta with a focus on multi and single-family residential construction.
According to a 2007 report by the University of Georgia's Economic Forecasting Center, there is strong growth in multi-family housing permits in Georgia, due to the demand for in-town condos. As the report states, "the need for workforce housing is indeed creating this surge as the report forecasts new job creation in Atlanta over the next couple of years."
"We are continuing with our expansion plan across the United States. Increased job growth in Atlanta combined with new multi-family construction puts American Mold Guard in a position to serve the area and help builders and developers prevent mold," said Robert Bayer, Corporate Vice President of Sales for American Mold Guard. "The financial impact that mold can have on a water damaged structure can cost the owner upwards of ten times the amount for clean up, not to mention the cost to the builder stemming from construction delays, increases in long term liability and devaluation of the property. American Mold Guard's prevention plan provides a mold free environment before, during and after the structure is complete," concluded Mr. Bayer.
American Mold Guard helps multi-family and single-family developers and builders differentiate themselves from their competition. Prior to the hanging of interior drywall, American Mold Guard ensures that all structural surfaces are free from mold and then applies its antimicrobial coating to protect the structure from future mold growth. Additionally, American Mold Guard performs a comprehensive inspection after treating a structure, and warrants against future mold contamination.
The American Mold Guard 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 American Mold Guard's belief that the American Mold Guard warranty provides a financial incentive and assurance that 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, Washington, Illinois, Texas, Louisiana, Mississippi, Florida, Georgia and North 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 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-QSB 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.