American Group, Inc. Announces Reverse Stock Split.

Business Editors

BOYNTON BEACH, Fla.--(BUSINESS WIRE)--Sept. 22, 2000

American Group, Inc. (OTCBB:MOSS) (www.theamericangroupinc.com) announced it has approved a 20 for 1 reverse stock split. The outstanding shares of the Company's common stock will be reduced from 19,715,000 shares to 985,750 shares. The record date for the reverse split is the close of business on October 2, 2000.

American Group, Inc., through its subsidiary Lantana Peat and Soil, currently based in Palm Beach County, Florida is constructing and relocating to a new, state-of-the-art soil blending plant in Homestead, Florida. When completed, this new plant will significantly increase the Company's production capacity to serve the horticulture industry.

Late last year, the parent company American Group, Inc. purchased Canadian based Torland, a provider of a sphagnum peat moss which is an integral product used in the blending of the soil mix. Torland, now a wholly owned subsidiary of American Group Inc., has a long-term lease on approximately 5,000 acres of peat moss bogs in Quebec Province, Canada. These bogs contain approximately 3 trillion cubic feet of sphagnum peat moss. Torland also owns and operates its processing and shipping facility located in Canada. With its relationship to Torland, LPS is now able to purchase the high quality sphagnum peat moss needed to provide exceptional soil blends at approximately two-thirds the cost as that of other suppliers.

This news release contains or incorporates 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 MOSS to differ materially form these indicated by such forward-looking statements including the actual timing of the relocation of the new facility in Homestead.