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04/08/07 9:17 AM

Advanced Product Group, Inc. (fka CLDH) RSS Feed

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Advanced Product Group, Inc. Enters Into Merger Agreement NEW YORK, March 26, 2007 (PRIME NEWSWIRE) -- Advanced Product Group, Inc. (Pink Sheets:APGP), announced that on February 27, 2007, Advanced Products Group, Inc. ("APG"), a Delaware corporation, entered into an Agreement of Merger (the "Agreement") with Cloudtech Sensors, Inc. ("Cloudtech"), a Delaware corporation. The merger is expected to close by the end of March 2007. At the conclusion of the merger, the shareholders of Cloudtech shall own the controlling interest in APG. The current shareholders of APG will retain fifteen (15%) percent of the surviving company, which will be the public entity, APG. APG will amend the name of the corporation to Cloudtech Sensors, Inc. As part of the transaction contemplated by this Agreement, the Board of Directors and the officers of APG will resign and Cloudtech will appoint the directors and officers of the Company, effecting a complete change in management and control of APG. APG has recently filed a current report on Form 8-K detailing the merger and a Information Statement on Schedule 14C with respect to the change of name of the corporation. The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend", "expect", "should", "project", "anticipate" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. CONTACT: Advanced Products Group, Inc. Edward J. da Parma (212) 262-1166 Cloudtech Sensors, Inc. James L. Trichon (610) 617-9392
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