AGR Tools, Inc. (fka AGRT)

[KnightQB7]

AGR Moves Head Office to Texas

CONROE, TX, March 8 /PRNewswire-FirstCall/ - AGR Tools, Inc. (OTCBB:AGRT.ob - News) is pleased to announce that it recently moved its head office from Kelowna, British Columbia to Conroe, Texas in anticipation of the closing of its share exchange with AGR Stone & Tools USA, Inc. The two companies entered into a binding share exchange agreement on October 29, 2009, and since that time, both companies have been working diligently to close the transaction. The only remaining administrative hurdle is the completion of the financial statement audit of AGR Stone & Tools USA, Inc. by the accounting firm M&K CPAS, PLLC.

Both companies anticipate that the audit will be completed this month. Upon the closing of the share exchange transaction, the consolidated financial statements will reflect the operations of both AGR Tools, Inc., the public company, and AGR Stone & Tools USA, Inc., the private company.

"Closing the share exchange has been a time-consuming process, but we are happy to be entering into its final stages," commented Rock Rutherford, the CEO of AGR Tools, Inc. and AGR Stone & Tools USA, Inc. "Moving the head office of the public company is an important step, and we look forward to completing the transaction as soon as the audit of the private company is finished."




About AGR Stone & Tools USA, Inc.: ----------------------------------


AGR Stone & Tools USA, Inc. is celebrating its 27th year as a leading diamond tool manufacturer and distributor specializing in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries, and its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tooling industry. The company has completed extensive research and testing, and uses the latest technologies to assure it is at the forefront of the diamond tool industry. The company also employs some of the world's top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.

On October 29, 2009, AGR Tools, Inc. and AGR Stone & Tools USA, Inc. entered into a binding share exchange agreement. See AGR Tools, Inc.'s November 2, 2009 Current Report on Form 8-K regarding the share exchange agreement with AGR Stone & Tools USA, Inc. for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close. AGR Tools, Inc. must issue 46,186,516 shares of its common stock to the current shareholders of AGR Stone & Tools USA, Inc. in order to complete the share exchange. Accounting for the anticipated cancellation of 25,000,000 shares of its common stock, upon the closing of the share exchange AGR Tools, Inc. will have 81,186,516 shares of common stock issued and outstanding.

More information on AGR Stone & Tools USA, Inc. can be found at: http://www.agrtools.com/




Forward-Looking Statements: ---------------------------


Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See AGR Tools, Inc.'s filings with the United States Securities and Exchange Commission which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.