SOURCE: American Green Group, Inc.

November 17, 2009 08:30 ET

AMNE Signs MOU for Five States in the Northeast

NEW HAVEN, CT--(Marketwire - November 17, 2009) - American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) and its wholly owned subsidiary Paradigm Polymers have executed a Memorandum of Understanding with Triumph Energy, Inc. ("Triumph"), which will give Triumph the rights to five states in the Northeast.

Triumph would have the right to sell and distribute all Paradigm Products within their region, which is defined as New Hampshire, Vermont, Mass, Rhode Island, and Maine.

Triumph Energy, Inc. located in Massachusetts is a new division of an existing company that has been in business for over 20 years. The newly created entity will have all the resources of the parent company, a well established company with construction industry. Triumph intends to be very aggressive with their established in house marketing group and will also offer in house training and sales support to all old and new installers.

AMNE believes the final agreements with Triumph should be completed prior to year's end.

The Company believes all other remarks made in the release to be accurate to the best of their knowledge.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.