GREER, S.C., March 3, 2005 (PRIMEZONE) -- American Consolidated Management Group, Inc. (Pink Sheets:ACMI), who is involved in the development and commercialization of natural plant products, today announced that it has entered into an agreement with Nu Specialty Foods Group, LLC, a North Carolina limited liability company located in Graham, North Carolina, whereby Nu Specialty Foods shall purchase a special blend of Sunutra(tm) powders for incorporation into their biscuit product line. Specifically, the products covered by this agreement for the food service industry consist of frozen unbaked biscuit dough, frozen baked biscuits and biscuit dry-mix. Nu Specialty will possess the exclusive right to manufacture these products with Sunutra(tm) for a period of three (3) years provided certain minimum purchase requirements are maintained. In addition, Nu Specialty must purchase a minimum of 1,586 pounds of this powder on or before June 1, 2005, thereby guaranteeing ACMG with minimum cash inflow in excess of $100,000.00. Nu Specialty is a specialized food company that supplies certain fast food chains as well as school lunch programs across the U.S. ACMG is continuing to negotiate with other food processors and hopes that additional customers will be entering into similar agreements. All agreements, including the Nu Specialty contract, require the maintenance of confidentiality of this Company's technology, and a covenant not to reverse engineer that technology. Prior to the finalization of any agreements, each potential customer is required to execute and deliver to ACMG a confidentiality agreement as well as a material transfer agreement. Other firms have executed such agreements and discussions and testing are now ongoing.
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic conditions, risks in product and technology development, the effect of the Company's accounting policies, funding constraints and other risk factors detailed in the Company's SEC filings. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission. The Company's Web site is located at www.sunutra.com.