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American Technologies Group, Inc. Acquires North Texas Steel Company, Inc.
Wednesday September 14, 9:00 am ET


FORT WORTH, Texas, Sept. 14 /PRNewswire-FirstCall/ -- American Technologies Group, Inc. (OTC Bulletin Board: ATEG - News), announced today that it has acquired, through its wholly-owned subsidiary, Omaha Holdings Corp., all of the common stock of North Texas Steel Company, Inc. for $11.0 million in cash.
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The acquisition of North Texas Steel and related transactions were funded with $12,650,000 in funding of which $12,000,000 was provided by Laurus Master Fund, Ltd. ("Laurus Funds"). Laurus Funds is a New York City-based institutional fund specializing in providing financing to growing, small and micro-capitalization companies. The remaining funding in the amount of $650,000 was provided by two institutional investors.

About North Texas Steel Company, Inc.

North Texas Steel Company, Inc., founded in 1917, is an American Institute of Steel Construction certified structural steel fabrication company based in Fort Worth, Texas, and provides fabrication and detailing of structural steel components for commercial buildings, office buildings, convention centers, sports arenas, airports, schools, churches and bridges. More information concerning the company can be obtained by accessing its web site at http://ntxstl.com .

About American Technologies Group, Inc.

American Technologies Group, Inc. has been essentially an inactive publicly registered shell corporation with no significant assets or operations. American Technologies Group was formed in 1988 and is based in Monrovia, California.




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Source: American Technologies Group, Inc.