Exhibit 99. Press Release

American Group, Inc. Unaware of Events that Would Cause Increase in Trading
Activity

            American Group, Inc. Unaware of Events that Would Cause Increase in
            Trading Activity

            BUSINESS WIRE

            BOYNTON BEACH, Fla., June 18 - American Group, Inc. (OTCBB:AMCG)
            announced today its position regarding the recent increase in
            trading activity and share volume of its stock. The Company states
            that is unaware of and has no knowledge of any event that would
            cause or result in trading of this nature.


                   This news release may contain or incorporate by reference
            "forward-looking" statements, including certain information with
            respect to plans and strategies of American Group, Inc. For this
            purpose, any statements contained herein or incorporated herein by
            reference that are not statements of historical facts may be deemed
            to be forward-looking statements. Without limiting the foregoing,
            the words "believe(s)," "anticipate(s)," "plan(s)," "expect(s)," and
            similar expressions are intended to identify forward-looking
            statements. There are a number of important factors that could cause
            actual events or actual results of AMCG to differ materially from
            these indicated by such forward-looking statements including the
            actual timing of the relocation to the new plant.


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