American Technologies Group Announces Increase in Revenues From Technology Products.MONROVIA, Calif.--(BUSINESS WIRE)--June 23, 1999-- American Technologies Group, Inc (ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ATEG ATEG Assembly for the Teaching of English Grammar ), announced it has filed its form 10-QSB for the third quarter and nine month results ended April 30, 1999. Revenues from technology products increased 27% for the third quarter as compared to the same quarter in 1998. Commenting on the increase, Lawrence J. Brady, ATG's chairman and chief executive officer, stated, "The increase in sales revenue is the best indication yet that the course on which we embarked in early 1998 was correct, and remains so. The refocus Verb 1. refocus - focus once again; The physicist refocused the light beam" focus - cause to converge on or toward a central point; "Focus the light on this image" 2. of the company from research and development to commercialization and sales is working." Brady went on to say, "It is of note that much of the third quarter revenue was generated during the last month of the quarter. As evidenced by several of our recent announcements, it seems probable that this trend toward increasing sales will continue and, in fact, accelerate. While the dollar amounts are still modest, the percentage increase, which is a real indicator of our successful actions, is impressive." Brady concluded his comments by saying, "We expect a good, strong showing in this, the last quarter of our fiscal year, and we believe that we are firmly on the road to profitability." American Technologies Group is an advanced science and technology company engaged in the development, commercialization and sale of products and systems using its patented and proprietary technologies. The Company's core technologies are the IE' Catalyst, Vacuum Distillation Vacuum distillation is a method of distillation whereby the pressure above the liquid mixture to be distilled is reduced to less than its vapor pressure (usually less than atmospheric) causing evaporation of the least volatile liquid(s) (those with the highest boiling points). water-purification technology, and a high-energy particle beam particle beam n. A beam of atoms or subatomic particles that have been accelerated by a particle accelerating device, aimed by magnets, and focused by a lens. Noun 1. . These technologies have applications in the nuclear, energy, medical, chemical, mining, oil, and personal and home care industries. The Force(R) is an environmentally safe automotive combustion product based on its IE Catalyst used to improve fuel economy and, over time, reduce carbon deposits. Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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