SOURCE: American Green Group, Inc.

May 08, 2008 07:30 ET

American Green Group Announces Strategic Direction

NEW HAVEN, CT--(Marketwire - May 8, 2008) - American Green Group, Inc. (PINKSHEETS: AMGG) (the "Company") announced today that its Board of Directors has approved a strategic business plan for the further growth of the Company through 2011.

Under the plan approved, the Company will immediately begin identifying other "green" companies to acquire, merge or partner with, including those in the energy conservation sector that already manufacture, distribute and/or market superior insulation product and equipment in the United States and other countries. Furthermore, the Company will also seek to acquire or partner with one or more Internet sites that address consumer energy conservation needs in order for the Company to expand the reach of its market presence and seat its new brand strategy.

About American Green Group, Inc.

American Green Group, Inc. is a holding company seeking to aggregate and operate "green" companies in various energy conservation-related market sectors in the United States and elsewhere, with the strategic intent of leveraging the acquired companies' in-common market strengths in order to build overall sales and profits.

In January, the Company acquired American Energy Savers ("AES") of New Haven, CT, a family owned and operated business that prides itself on customer satisfaction. Since 1985, AES has offered its customers cutting edge products with superior workmanship. AES is one of the leading contractors for the state of Connecticut's energy conservation programs and has also participated in many projects for Yale School of Architecture. It has contracts with projected revenues exceeding 2 million dollars with an expectation of a 20% increase in calendar 2008 over 2007.

Disclaimer:

Statements released by American Green Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Contact Information

  • Contact:
    American Green Group, Inc.
    Investor Relations
    561-820-9551