American Mold Guard, Inc. Complies with Nasdaq Listing Requirement
August 14 2006 - 9:30AM
Business Wire
American Mold Guard, Inc. (Nasdaq: AMGI), a provider of mold
prevention services to the residential real estate construction
industry, announced today that with the recent appointment of Dario
A. Bianchi to the Board of Directors and the appointment of Michael
A. Katz to the Audit Committee, the Company has a received a letter
from Nasdaq that it is in compliance with all listing requirements
set forth by the Nasdaq Capital Market. The Company recently
announced that Dario A. Bianchi had been appointed to the Board of
Directors replacing Thomas C. Donnelly. This appointment meets the
requirement for current listing on the Nasdaq Capital Market in
accordance with Marketplace Rule 4350(c)(1) that requires a
majority of the Company's Board of Directors be comprised of
independent directors. The Company also indicated that with the
appointment of Michael A. Katz to the audit committee, American
Mold Guard, Inc. also remains compliant with Marketplace Rule
4350(d) (2) (A) requires that the Company's Audit Committee be
comprised of at least three members, each of whom are independent.
About American Mold Guard, Inc. American Mold Guard, Inc., founded
in 2002, is an industry leader in the field of mold prevention
services. Its services are primarily focused on the residential
real estate construction industry in California, Texas, Louisiana,
Mississippi and Florida. Its customers include many of the largest
national and regional home builders. Visit:
www.americanmoldguard.com Statements in this press release that are
not statements of historical or current fact constitute
"forward-looking statements." Such forward-looking statements
involve known and unknown risks, uncertainties and other unknown
factors that could cause the Company's actual operating results to
be materially different from any historical results or from any
future results expresses or implied by such forward-looking
statements. In addition to statements that explicitly describe
these risks and uncertainties, readers are urged to consider
statements that contain terms such as "believes," "belief,"
"expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," to be uncertain and
forward-looking. In particular, American Mold Guard makes no
representations that the closing for the securities underlying the
over-allotment option will occur. The forward-looking statements
contained herein are also subject generally to other risks and
uncertainties that are described from time to time in the Company's
filings with Securities and Exchange Commission.
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