Acadia Group, Inc.
Announces Management Change
AUBURN, MAINE (AUGUST 2, 2000) -Acadia Group, Inc. D/B/A Acadia Business
Group, Inc. (OTCBB: ANHS).
Chairman of the, Board Emile L. Clavet announced today that John W. Holt,
Jr., has tendered his resignation as Chief Executive Officer of Acadia
Group, Inc.. Mr. Holt has offered to assist the company in its sales and
marketing efforts. With the expertise of Mr. Holt, who was responsible
for the company's marketing efforts prior to becoming CEO, the company will
continue its efforts to complete and market its distance e-learning
platform through the MedLecture.com site, a business unit of Acadia.
The Board of Directors has authorized Mr. Clavet to work jointly with
an outside consultant to select a successor CEO who will continue to move
the company forward with the initiatives and objectives of the
organization.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This press release includes forward-looking statements regarding
the present intentions and expectations of management of the Corporation.
Certain factors beyond the Corporation's control could cause results to
differ materially from those in these forwardlooking statements. These risk
factors include evolving industry standards, rapid technological changes,
government regulations, healthcare reform, market conditions and
competition in the market for the Corporation's services, and are more
fully described in filings with the Securities and Exchange Commission.
For further information contact:
Acadia Group, Inc., d/b/a Acadia Business Group Inc., Auburn, Maine
Emile L. Clavet, Chairman
1-800-479-3066
