American Technologies Group Inc. Ships Product to Japan
20 June 2000
American Technologies Group Inc. Ships Product to JapanMONROVIA, Calif. - American Technologies Group Inc. Tuesday announced that it has shipped an initial full container order of The Force airborne product to Japan.
The company has received a pre-payment of 50% of the total value of the order. The balance of the payment will be received when the product arrives in Japan.
The product has been purchased by a Japanese affiliate which has sold the product to several automobile repair facilities in Japan.
Commenting on the sale, ATG's Chairman and CEO Lawrence J. Brady said: "This sale is a breakthrough in ATG's efforts to open the Japanese consumer market for ATG's products. This has been a goal of the company. We fully expect this order to be followed with regular continuing orders."
Brady went on to say: "Japan is the second largest market in the world and a gateway to the Asian market, generally. Acceptance and use of our products in Japan is an essential element of our worldwide marketing strategy."
Included in this release are forward-looking statements which the company believes are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.