SOURCE: American Green Group, Inc.

February 12, 2009 09:15 ET

AMNE in Sync With the Stimulus Bill

NEW HAVEN, CT--(Marketwire - February 12, 2009) - American Green Group, Inc. (PINKSHEETS: AMNE) believes that the business model will benefit tremendously from the newly passed Stimulus Bill from the Senate. Judging from the recent activity in the company's stock the investment community feels the same way.

As quoted by President Obama, "$54 billion is set aside for renewable energy development and other conservation projects, like insulation for lower-income housing." We believe the country is moving in a GREENER frame of mind with President Obama, and with the U.S. currently using only 6% of its insulation in foam, there is plenty of market potential.

AMNE is working hard to build the company by acquisitions and believes the Paradigm transaction will close shortly. Currently the company is in negotiations with several other companies as it plans on doing a roll-up of small- to mid-size companies in the foam business. The foam products are used for packaging as well as insulation it is believed the packaging industry uses approximately 100 million pounds of foam annually.

AMNE is poised to grow as the economy grows with the Stimulus plan. Caterpillar recently announced they would rehire thousands of employees if the plan was approved.

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.