<PAGE>
EXHIBIT 99.1
THURSDAY DECEMBER 14, 6:02 AM EASTERN TIME
PRESS RELEASE
ADVANCED MATERIALS GROUP INC. RECEIVES NOTIFICATION FROM NASDAQ THAT STOCK IS
DELISTED FROM NASDAQ SMALLCAP MARKET
RANCHO DOMINGUEZ, Calif.--(BUSINESS WIRE)--Dec. 14, 2000 - Advanced Materials
Group, Inc. (Nasdaq: ADMG - NEWS) today announced that it has been notified by
the Nasdaq Qualifications Hearing Panel of its decision to delist the Company's
common stock from the Nasdaq SmallCap Market effective with the open of business
on Dec. 14, 2000.
The Company expects that its common stock will be immediately eligible to trade
on the NASD-regulated OTC Bulletin Board. On Nov. 10, 2000, the Company
announced that its board of directors had authorized a reverse stock-split as
part of its plan for continued compliance with the Nasdaq SmallCap listing
requirements. In light of the Hearing Panel's decision to delist the Company's
common stock, the Company will not proceed with this reverse stock-split.
Advanced Materials Group, Inc. is a leading manufacturer and fabricator of
specialty foams, foils, films and pressure-sensitive adhesive components for a
broad base of customers in the computer, medical, automotive and aerospace
industries both in the United States and abroad.
Certain of the statements contained in this news release may be deemed
forward-looking statements in accordance with the Private Litigation Reform Act
of 1995. Such statements and other matters addressed in the press release
involve a number of risks and uncertainties. Among the factors that could cause
actual plans to differ materially from these statements and other matters are
the risks and factors detailed, from time to time, in the Company's reports with
the U.S. Securities and Exchange Commission.
------------------
CONTACT:
Advanced Materials Group, Inc.
Steve F. Scott, 310/537-5444
[email protected]
------------------
