DEL MAR, Calif.--(BUSINESS WIRE)--Ernest B. Remo, Chairman/CEO of American Diversified Holdings Corporation (Pink Sheets:ADHC), announced today that the company is currently in late stage negotiations with an established revenue producing company in the stem cell storage arena. It is anticipated that a completed transaction should be announced within a few days.

This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no inference has been made that this release contains all such information.

Contact:

American Diversified Holdings Corporation
Ernest B. Remo, Chairman/CEO, 858-259-4534
ernest@americandiversifiedholdings.com