Argan, Inc. to Trade on American Stock Exchange.

- Shares to Begin Trading August 22 Under Trading Symbol AGX -

ROCKVILLE, Md. -- Argan, Inc. (OTCBB:AGAX), today announced that its common stock has been approved for listing on the American Stock Exchange (AMEX) and is expected to commence trading under the trading symbol "AGX" effective with the opening of the market on August 22, 2007.

Rainer Bosselmann, Chairman and Chief Executive Officer stated, "Argan's listing on AMEX is a significant milestone reflecting our growth and increased scale as a public company. Our December 2006 merger with Gemma Power Systems, a leading designer and builder of alternative energy power plants, positively transformed our revenue and cash flow and squarely positioned us in this important and rapidly growing sector. We enter the AMEX on strong financial footing; our April 30, 2007 backlog was $200 million and the Company's balance sheet continues to improve with increased liquidity. We expect the listing to further raise investor awareness and help enhance our shareholder base and look forward to a long and thriving future with AMEX."

The listing is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on AMEX and may be rescinded if the Company is not in compliance with such standards.

About Argan

Argan is a publicly traded holding company focusing on companies that provide products and services to growth industries. Argan's primary business is designing and building energy plants for the rapidly growing alternative energy sector through its Gemma Power Systems subsidiary. Argan has two other subsidiaries: Southern Maryland Cable, Inc., which provides inside premise wiring services to the federal government including military installations and government office sites requiring high-level security clearance and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers; and Vitarich Laboratories, a farm to market, vertically integrated private label manufacturer that manufactures, packages and distributes premium nutraceutical products, including nutritional and whole food dietary supplements and other personal healthcare products.

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Argan's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the Securities and Exchange Commission.