Asgard Holdings Affiliate Supercritical Thermal Systems, Inc. Enters Final Phase of In-House Testing on Advanced Air Mobility Pack.

ESCONDIDO, Calif. -- Advanced Air Mobility Pack Designed for Use by Department of Defense, NASA, Homeland Security, Fire Fighting and EMT 

Asgard Holdings Inc. (Pink Sheet:AGHG) is pleased to announce its affiliate Supercritical Thermal Systems, Inc. (STS) has started the final pre-test phase of their upgraded Supercritical Air Mobility Pack (SCAMP(R)) also known as Model 563. Final pre-testing of SCAMP is required by the federal regulations (CFR 42, paragraph 84).

SCAMP is designed as a self-contained breathing apparatus and cooling system suit with applications for Fire Fighting, EMT, Homeland Security, Dept. of Defense, HAZMAT and NASA.

The original model has already passed the in-house pre-tests and the upgraded model has passed the preliminary testing. Following the pre-tests of the upgraded unit, it will be submitted to the National Institute of Occupational Safety and Health (NIOSH). The institute will formally repeat the tests and analyze the results and quality assurance plans for production. These tests will be completed before their final review for approval. US Sales of SCAMP will commence following the approval by the National Institute of Occupational Safety and Health.

Virgil Williams, CEO of Asgard Holdings, Inc. states, "SCAMP is a state-of-the-art breathing apparatus and cooling unit which can be used in mission critical situations for the government, states and individual towns."

For more information please contact Investor Relations at [phone] for Stephen Taylor or visit the company website at: http://www.asgard-holdings.com.

About Asgard Holdings, Inc.:

Asgard Holdings retains fifty percent interest in Super Thermal Systems Management Group, Inc (STSM), http://www.superthermal.com. STS co-founder, Dr. Don Gier, CEO, holds a Ph.D from Iowa State University and co-founder Dr. Hal Gier, technical director, is a graduate engineer from CalTech and holds a Ph.D in aerospace engineering. Under a NASA Kennedy Space Center Small Business Innovation Research contract, SCAMP (Super Critical Air Mobility Pack) was born as a self-contained breathing apparatus and cooling system suit with applications designed for Fire Fighting, EMT, Homeland Security, Dept. of Defense, HAZMAT and NASA.

Asgard Holdings Inc. is more than just an early stage venture capital firm. We provide the infrastructure and guidance. Asgard makes possible the achievement of your company's goals and facilitates your business to find its common ground. Asgard focuses on companies that are beyond incubator startups, giving our portfolio companies a strong resource of business intelligence from which to utilize.

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Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.