American Green Group, Inc. (AMNE)

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FINANCIAL STATEMENT CLARIFICATION:

TOTAL ASSETS $155,711

Deficit accumulated during the development stage
(38,461,083)



AMERICAN GREEN GROUP, INC.
BALANCE SHEET
March 31, 2008
(unaudited)
ASSETS
CURRENT ASSETS
Cash
$
0
Inventory
27,000
Accounts receivable
124,711
Total Current Assets
151,711
Goodwill
4,000
TOTAL ASSETS
$
155,711
LIABILITIES AND STOCKHOLDERS’ EQUITY / (DEFICIT)
CURRENT LIABILITIES
Accounts payable
$
88,632
Total Current Liabilities
88,632
STOCKHOLDER’S EQUITY / (DEFICIT)
Preferred Stock, $.001 Par Value; 30,000,100 shares authorized; 30,000,100 shares
issued and outstanding
30,000
Common Stock, $.001 Par Value; 500,000,000 shares authorized; 373,919 shares issued and outstanding
374
Subscription payable
4,000
Additional paid-in capital
38,493,788
Deficit accumulated during the development stage
(38,461,083)
Total Stockholders’ Equity
67,079
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$
155,711