SOURCE: American Green Group, Inc.

February 18, 2010 08:30 ET

AMNE Announces Plans for the Release of Infinite "R" to the Market

NEW HAVEN, CT--(Marketwire - February 18, 2010) - American Green Group (PINKSHEETS: AMNE) and its wholly owned subsidiary Eco-Built Systems d/b/a Paradigm Polymers announce plans for the release of Infinite "R" to the market.

Production of Paradigm Polymers Flagship product INFINITE "R" is underway at their packaging partner's facility in San Antonio, TX. Current facilities (2 production packaging machines) allow the manufacturing of up to 2 million square feet (200,000 square meters) per month of finished goods. A standby order for two more packaging machines is in place with the manufacturer. 

License agreements (co-held with the patent holder and Paradigm Polymers) will be offered into the market beginning in March 2010. Licensees will purchase an exclusive protected territory, mixing equipment, packaging equipment, training and sales and marketing support. Territories offered will be determined by demographic and geographic criterion. Ambient conditions specific formulae are available and will be offered to each licensee so as to provide the finished goods best suited to the specific application.

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.