SOURCE: American Green Group, Inc.

June 11, 2008 16:00 ET

American Green Group, Inc. Develops Opportunities

NEW HAVEN, CT--(Marketwire - June 11, 2008) - American Green Group, Inc. (PINKSHEETS: AMGG) has begun an aggressive effort to acquire green business opportunities. The company has contacted several parties both directly and through various mergers and acquisition companies to identify and begin the initial negotiations.

"As of last week we have been successful in identifying three businesses for potential acquisition. We are very excited about these opportunities since they strategically fit with our goal of becoming a holding company of various green businesses," stated John Cangiano, President of American Green Group, Inc. He added, "We intend to complete as many of these acquisitions as practical before the end of the year."

Mr. Cangiano continued, "The opportunities include a green energy company that is the first to use a patented technology for burning clean coal and other waste materials for the production of power in the U.S., recovering 99.7% of the CO2 produced; a media company that publishes green magazines; and a new media company that provides publications and web-based services to green and environmentally friendly parties. Further information will be released as the negotiations progress.

"In addition, our subsidiary, American Energy Savers, Inc., expects to complete an agreement next week that will provide both outside management and a joint venture that will increase its insulation sales and installation operations. The agreement has the potential to double our existing revenue."

Financial statements for the first quarter 2008 results will be posted next week on the Pink Sheets web site.

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.

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