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American Technologies Announces Largest Order in Company History

30 March 2000

American Technologies Group Inc. Announces Largest Order in Company History

    MONROVIA, Calif.--March 30, 2000--American Technologies Group Inc. (ATG) (OTC BB:ATEG) Thursday announced that it has received the largest single order for its products in the history of the company.
    A Central American company, EnviroPower, S.A., has placed an initial order for ATG's liquid fuel additive totaling $1.85 million. In a letter confirming the order, the president of EnviroPower stated, "Our initial order is for a total of US$1.85 million and is primarily for use in Costa Rica, Nicaragua and Mexico."
    The letter went on to state that it is his intention to expand distribution throughout Central America and into selected countries in South America over the next several months. The letter of credit for the first order is currently being negotiated and is expected shortly.
    Commenting on the order, ATG Chairman and CEO Lawrence J. Brady said, "This order represents the most significant development in and proof of the turnaround of ATG. The planning and work which we have done for the last two and one half years is bearing fruit."
    He went on to say, "two ATG representatives have been working on location in Central America for more than three months to negotiate and secure this order. It has taken a considerable amount of effort and patience to complete this order, and that effort and patience has now richly paid off for ATG and its shareholders."
    Brady concluded, "Our representatives are currently negotiating a continuing agreement with EnviroPower, which will virtually assure the profitability of the company and provide a powerful base from which to continue the company's growth and stability. I expect similar agreements and orders in other markets in the near future."

    Included in this release are forward-looking statements which the company believes are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.