U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
Current Report Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported)
November 11, 2002
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AMERICAN CONSOLIDATED MANAGEMENT GROUP, INC.
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(Exact name of registrant as specified in its charter)
Utah
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(State or other jurisdiction of incorporation)
87-0375093
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(IRS employer identification no.)
70 West Canyon Crest Rd., Suite D, Alpine, Utah 84004
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(Address of principal executive offices) (Zip code)
(801) 756-1414
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(Registrant's telephone number, including area code)
This documents contains a total of 3 pages.
Item 9. Regulation FD disclosure.
On November 22, 2002, the Company released the following:
GREENVILLE, SOUTH CAROLINA, November 22, 2002 -- American Consolidated
Management Group, Inc. (NQB - ACMI) has announced that it has executed a
Memorandum of Understanding to acquire the licensing rights for a certain
phytonutrient-stabilization technology from a privately owned company with
operations in California.
The general terms of the Memorandum of Understanding provide for the execution
of a licensing agreement that will grant ACMI perpetual, exclusive worldwide
use of stabilized phytonutrients in food and beverage applications. Under the
terms of the Memorandum, ACMI will pay a royalty on net product sales and sub-
licensing revenues to the technology company, provide certain financial support
for the development of production facilities, manually develop marketing
programs and provide the technology company with an equity position in ACMI.
Further financial terms of the agreement were not disclosed. Both parties to
the Memorandum of Understanding have established required conditions precedent
to the finalization of a licensing agreement.
Phytonutrients are nature's own vitamins and minerals present in fruits an
vegetables; they are considered by many to be a significant nutritional
element, contributing substantially to overall general good health and the
prevention of major diseases. However, phytonutrients break down and lose
their effectiveness as the fruit or vegetable decays naturally, before
consumption. In addition, individuals are finding it increasingly difficult to
consume the recommended number of servings each day.
The privately owned company (and its related parties) invented and is in the
process of patenting a revolutionary stabilization technology, which allows for
the isolation and preservation of the phytonutrients, resulting in the ability
to infuse a wide variety of foods and beverages with a multiple number of
daily-recommended servings of fruits and vegetables. This long-life supplement
will provide the nutritional equivalent of four to six servings of fruits and
vegetables in, for example, one serving of pudding or even a candy bar. ACMI
intends to market the technology to the food and beverage industry, enabling
the nutritional enhancement of literally thousands of products.
This press release contains statements which may constitute Aforward-looking
statements{approx-equal} within the meaning of the Securities Act of 1933 and
the Securities Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those contemplated by such forward-looking statements. Important factors
currently known to management that could cause actual results to differ
materially from those in forward-statements include market acceptance and
commercialization of the technology in food and beverage products, the ability
to compete successfully and the ability to satisfy the aforementioned
conditions precedent to the finalization of the licensing agreement. There
can be no assurance that the conditions precedent can be satisfied, that the
licensing agreement will be finalized, that ACMI's business operations will
prove successful, that ACMI will have access to the capital and/or liquidity
sufficient to enable the ACMI to execute its business strategy, or that the
transaction, should it be completed, would prove to be favorable for the
shareholders of ACMI. ACMI undertakes no obligation to update or revise
forward-looking statement to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
For information on American Consolidated Management Group, Inc., please
contact: George Mappin at (864) 848-1900.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: November 19, 2002 AMERICAN CONSOLIDATED MANAGEMENT
GROUP, INC.
By: /s/ George Mappin
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George Mappin, Secretary