SOURCE: Atmospheric Glow Technologies, Inc.

August 16, 2007 14:06 ET

AGT Awarded New Contract

KNOXVILLE, TN--(Marketwire - August 16, 2007) - Today, Atmospheric Glow Technologies, Inc. (OTCBB: AGWT) announced it has been competitively awarded an SBIR Phase I Grant from the USDA entitled "Decontamination of Flower Bulbs Using Atmospheric Plasma."

"This award represents the natural progression of expanding AGT's Decontamination Program using our patented atmospheric plasma and aligns with our corporate strategy of funding ongoing R&D with federal contracts," Scott McDonald, CEO of AGT, said. "In addition to addressing government agency interest in plasma-enabled decontamination, there are significant commercial opportunities also being pursued for this technology in agriculture and food processing."

Additionally, with AGT's filing of its SEC Form 10-QSB this week, the company announced a 29% increase in revenues and a 70% reduction in the company's net loss for the first quarter of fiscal year 2008 compared to the same period last year, with net losses of $191,732 and $633,098 respectively. Net cash used in operating activities was reduced by almost $400,000 as overall company expenses have been significantly reduced to better align with incoming revenues. The company is continuing to pursue a number of complementary business development opportunities in addition to plasma-related prospects to add significant revenue and profitability.

About Atmospheric Glow Technologies, Inc.

AGT is a market driven science and engineering company focused on realizing the commercial potential of OAUGDP® technology, a proprietary method of creating plasma chemistry in air at atmospheric pressure. Management believes that OAUGDP® is an exciting breakthrough technology offering capabilities that other plasma technologies do not provide. AGT's technology has been the recipient of numerous federal contracts, grants and recognition awards. Additional information is available at http://www.atmosphericglow.com.

Statements in this release that are not historical facts are forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. In addition, words such as "believes," "anticipates," "expects," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievement of events of the company, or events, or timing of events, relating to the company to differ materially from any future results, performance, or achievements of the forward-looking statements. The company cannot assure that it will be able to anticipate or respond timely to the changes, which could adversely affect its operating results in one or more fiscal quarters. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results may result in fluctuations in the price of the company's securities.

Contact Information

  • Contact:

    W. Scott McDonald
    Phone: 865-777-3776 ext. 223