updated 12/27/2010 3:47:10 PM ET 2010-12-27T20:47:10

DEL MAR, Calif., Dec. 27, 2010 (GLOBE NEWSWIRE) -- Ernest B.Remo, Chairman/CEO announced today that American Diversified Holdings (Pink Sheets:ADHC) has signed a software development agreement with Com-Guard, Inc. a San Diego based technology firm to create a mobile application platform in the mHealth arena specifically designed for the Apple® iPhone™, iPod Touch™, iPad™ and other mobile platforms including the Android™ platform developed by Google®.

1. Dementia

2. Assisted Living

3. Orthopedics

4. Heart Disease

5. Diabetes

"Engaging an experienced software company like Com-Guard gives us an opportunity to execute our strategy of defining Healthcare markets that will require the new mobile platform for the collection and presentation of data. We will concentrate our first efforts in the areas of collecting Cognitive and Dementia data focused on early detection and screening for Alzheimer's," said Mr. Ernest Remo, CEO of ADHC.

Com-Guard, Inc. has been developing software in the security and data protection markets for over ten years and we look forward to taking that expertise into the mobile platform market. Pursuant to the agreement Com-Guard will be paid consulting fees and royalties based upon milestones and development targets.

Com-Guard has recently received the software developer's license from Apple and is reviewing the software tools for the Android platform.

The Assisted Living Industry

The U.S. nursing home and assisted living industry includes about 75,000 establishments with combined annual revenues of about $175 billion.

About one million Americans live in assisted living facilities. This number is expected to more than double by 2030. The current costs to live in an assisted living facility at $3,000 to $4,500 per month, financing options like reverse mortgages are being used to fund assisted living homes.

DEMOGRAPHICS

According to the U.S. Census Bureau, the number of people in the United States between the ages of 65 and 84 will increase by almost 40% between 2010 and 2020. As of 2006, retirement community residents were 69% female and 31% male. In fact, the typical resident in an assisted living facility is an 85 year old female. People over 85 years old make up the largest percentage of people in assisted living facilities.

About mHealth

In addition, the healthcare industry is among the fastest growing handheld device markets, and should hit $8.8 billion this year (Kalorama Information). The total market for handheld devices in healthcare is expected to reach $8.8 billion for 2010, a 7% increase from last year when the global market posted $8.2 billion, as relayed in a new report per Nicole Lewis of InformationWeek Magazine in the July 2010 article. The early sales estimates for the iPad have been hovering around 3 million to 4 million units in calendar-year 2010.

"We are very optimistic that we can work with the Healthcare Industry and Healthcare providers to acquire content for the fast growing mobile platforms (The early sales estimates for the iPad have been hovering around 3 million to 4 million units in calendar-year 2010)," said Mr. Remo, CEO of ADHC.

American Diversified Holdings Corporation is a publicly traded holding company, headquartered in Del Mar, California. The enterprise was formed for the express purpose of acquiring privately held, fast growing, established companies with proven business models that are within a few quarters of profitability. This model allows ADHC to purchase these entities at a significant valuation discount to the public market and then provide the funding necessary for these acquisitions to achieve maximum profit potential using the public equity markets without impairing their balance sheets. ADHC was formed in early 2007 and listed on the OTC Pinksheets in the 4th quarter of 2007.
 

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