HOFFMAN ESTATES, Ill., Aug. 10, 2005 (PRIMEZONE) -- American Petroleum Group, Inc. (OTCBB:AMPE) announced today that it has appointed Mr. George Campbell President and Chief Executive Officer effective August 1, 2005. He will succeed Mr. James W. Zimbler, who was Interim President and will remain VP of Business Development and a Senior Consultant to the Board of Directors. As an integral member of the leadership team, Mr. Campbell will help to formulate the company's strategic direction. Mr. Campbell comes to American Petroleum with a distinguished track record that includes over 13 years of management experience in both start-up and large company manufacturing. He spent 8 years with AlliedSignal and Navistar International as a finance and strategy leader, where he led multiple restructuring, cost, business development, and quality improvement efforts. Most recently, Mr. Campbell's background includes extensive experience as a consultant to both emerging growth and well-established businesses in the areas of cost competitiveness and quality improvement.
"American Petroleum is poised for rapid performance improvements, and I am excited to lead its experienced team and build on our recent successes," says Mr. Campbell. "As we continue recent efforts to improve our capital and cost position, I truly believe that the business is on track to take advantage of the many opportunities that lie ahead and return the company to profitability."
"We are excited to have Mr. Campbell join our executive team," says Mr. Zimbler. "He has a proven track record working with manufacturing companies in the critical areas of cost, growth, and quality. We are confident that he will further the company's strategic development based on the sound foundations that have been laid. I look forward to working with Mr. Campbell on a continuing basis."
About American Petroleum Group
American Petroleum Group, Inc. (the "Company") is a Chicago area-based holding company with an agenda to acquire, merge, and manage various business opportunities. The Company's current direction is in the manufacturing and distribution of petroleum and related products for the automotive industry through its subsidiary, American Petroleum Products Company (APPC). APPC primarily serves the motor oil industry through the distribution of bulk and bottled motor oil products. American Petroleum Group's management specializes in the Private Label Bottling sector for some of the major oil companies in the U.S. American Petroleum Group also plans to pursue opportunities for Private Labeling of Motor Oils with several well know retail chains throughout the United States. APPC is also pursuing several anti-freeze and brake fluid private distribution agreements with well known national automotive repair facilities. Another area for growth being pursued by APPC is in the recycling of "uncombusted" oils, through a new marketing relationship with a Michigan-based company.
Forward-Looking Statements
This release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended, that are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may," "will," "anticipate," "believe," "estimate," "expect," "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as noted in our securities and other regulatory filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.