SOURCE: American Green Group, Inc.

August 03, 2009 13:06 ET

AMNE Issues Update Regarding Pink Sheets Trading Status

NEW HAVEN, CT--(Marketwire - August 3, 2009) - American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) would like to inform shareholders it is working with Pink Sheets to remove the Skull and Bones attached to its symbol.

AMNE is updating current information with Pink Sheets, obtaining a tradability opinion from counsel based on the current information being prepared and updating its financials to meet with the requirements to display Pink Sheets and remove the Skull and Bones. The Company expects that to be completed within the next few days.

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.