SOURCE: American Green Group, Inc

October 01, 2009 08:43 ET

AMNE Finishes Quarter With Just Under $300,000 in Revenue

NEW HAVEN, CT--(Marketwire - October 1, 2009) - American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) is pleased to announce that its third quarter revenue came in at just under $300,000.

AMNE met internal projections for the quarter, which is traditionally a slow quarter for the industry. For the fourth quarter, AMNE anticipates beating the third quarter with new markets coming online and advertising for Ecosafe Premium Foam™ set to begin.

AMNE is on pace and expect to surpass the $1 million mark in total revenue for fiscal 2009 with high expectations of a sharp increase in 2010. The Company has also booked in an Asset for $8 million dollars which will help insure the balance sheet of the Company.

AMNE is talking to an accountant to assist the Company in making sure all of the quarterly statements are in order so at the end of 2009 the Company can audit the previous two years in an effort to move to a higher exchange.

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.