ADHC to be Debt Free Upon the Elimination of this Debt from the Company's Balance Sheet.

Del Mar, California--(Newsfile Corp. - August 26, 2024) - American Diversified Holdings Corporation (OTC Pink: ADHC) announced today that the Company has negotiated the elimination of $2,726,729.00 in debt from the Company's balance sheet, creating a debt-free company. Additional restructuring is underway that will further strengthen ADHC's position in the market place as the operation division, Universal Wellness AI seeks out business relationships and acquisition partners. This debt elimination is expected to be reflected on their corporate annual report due September 30, 2024.

"This is a major move for ADHC and our Shareholders. Cleaning up the balance sheet clearly makes the Company a much more attractive suitor as we negotiate deals to bring value to our Shareholders. Several other corporate actions are underway to further strengthen our position in the market place", commented ADHC Management. "We have conducted a thorough review of ADHC's capital structure including the stock table, balance sheet and other financial aspects in concert with our attorneys and auditors. We are very excited for the future of the Company as our strategy is being favorably received by our business partners," concluded ADHC.

Future development will be publicized in the near term as we continue to build ADHC for future success.

About AMERICAN DIVERSIFIED HOLDINGS CORPORATION
www.UniversalWellnessAI.com
www.UniversalWellnessShop.com

John Cacchioli, CEO
American Diversified Holdings Corporation
Telephone: (212) 537-5900
Email: [email protected]

Social Media:
TWITTER: @ADHCManagement.
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SAFE HARBOR FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected revenue, contracts, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) and on the OTC Disclosure & News Service (OTCDNS). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC and/or OTCDNS. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and secure construction contracts and the necessary assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC and/or OTCDNS filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business in the construction industry may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time. Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.