SOURCE: American Green Group, Inc.

September 15, 2009 09:30 ET

AMNE and Ecosafe Insulation of FL to Form Joint Venture

NEW HAVEN, CT--(Marketwire - September 15, 2009) - American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) is pleased to announce the Company is entering into a joint venture with Ecosafe Insulation of Florida, LLC (ECOFL), the Company that controls 5 territories in FL.

The agreement would allow ECOFL to market Ecosafe Foam and Infinite R in 14 states running from North Carolina to California. AMNE and ECOFL would share in the revenue under the agreement. AMNE would supply all the Ecosafe Foam and access to Infinite R to ECOFL at cost. In return, ECOFL would be responsible for setting up logistics to handle all 14 states, marketing, sales and installation.

AMNE believes the transaction will allow the Company to grow at a more rapid pace and reduce the financial burden on the Company, generating a revenue stream for the company.

ECOFL is working with a PR company it retained to roll out a media campaign in Broward County. This will give ECOFL exposure on local news stations and newspapers that cover the major counties of South Florida.

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.