American Mold Guard Technologies, Inc. Announces Engagement of RedChip Companies and the Aurelius Consulting Group to Lead Public and Investor Relations


DALLAS, Sept. 29, 2006 (PRIMEZONE) -- American Mold Guard Technologies, Inc. (Nasdaq:AMGI) announced today that it has hired RedChip Companies and the Aurelius Consulting Group, Inc. to lead its institutional and retail investor relations programs.

Paul Bowman, CFO of American Mold Guard Technologies, Inc. stated that, "After carefully considering a number of the investor relations firms, we have chosen RedChip Companies and the Aurelius Consulting Group, Inc. to lead our investor relations program. Our decision was based on their proven record of professionalism, integrity, and results in helping emerging growth companies create awareness among investors." Bowman added that, "We look forward to having RedChip Companies as part of our team, and we are confident that their programs will be vital in communicating the American Mold Guard story."

Dave Gentry, president of RedChip Companies commented, "We are very pleased with the opportunity to represent American Mold Guard. Their mold prevention and removal technology will revolutionize the industry as we know it. We look forward to leveraging a comprehensive investor relations programs to broaden their exposure to the investment community."

About Mold Guard Technologies, Inc.

American Mold Guard, Inc. provides mold prevention and restoration services primarily to builders of single and multifamily homes in the United States. It detects, prevents, and treats mold and microbial contamination. The Company's mold contamination services involve removing various mold contamination from wood, concrete, and other construction materials, as well as applying a surface coating solution that prevents microbes from growing on treated surfaces. It also provides termite control services. The Company offers its services to national and regional home builders through 11 service centers in 4 states: California, Florida, Texas, and Louisiana.

About RedChip Companies and Aurelius Consulting Group, Inc.

RedChip Companies is a well-established source of independent research dedicated to "discovering tomorrow's blue chips today(tm)." RedChip Visibility(tm) provides publicly-traded small-cap companies an opportunity to present their business to institutional and individual investors by holding corporate visibility programs. The Aurelius Consulting Group is an affiliate of RedChip Companies and is an internationally recognized investor relations firm, known for its ability to help emerging growth companies build a loyal following of retail and institutional investors.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in AMGI Securities and Exchange Commission filings. AMGI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.



            

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