TORONTO, June 6, 2006 (PRIMEZONE) -- American Associates Group, Inc.'s (Pink Sheets:AASG) negotiations to acquire 100% of Nicaragua Gold Corp. are advancing very quickly. As mentioned earlier, Nicaragua Gold Corp. is a Canadian-based gold mining and mineral exploration company which specializes in gold mining in Nicaragua.
The company is excited by its prospects in the gold mining and exploration field. The price of gold, which has increased at a significant pace since a low of $255 reached in 2001 to $640 per ounce reached this week, coupled with the experienced team behind Nicaragua Gold Corp. makes this an exciting opportunity for American Associates Group, Inc.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.