HOFFMAN ESTATES, Ill., Aug. 18, 2005 (PRIMEZONE) -- American Petroleum Group, Inc.'s (OTCBB:AMPE) subsidiary, American Petroleum Products Company ("APPC"), has received approval from several suppliers to provide "new" base oils for its premium petroleum products line. APPC has issued purchase orders on acceptable terms and conditions with well known suppliers who have agreed to increase production and delivery to APPC's facility by up to four times the previous production amounts, which will significantly increase APPC's production and revenue. As previously announced, APPC will also significantly increase the production of "uncombusted" low-grade oils. These low-grade oils have become a significant product line for APPC, and the Company is projecting significant revenue increases from this product line.
Richard Steifel, President of American Petroleum Products Company, stated, "These new commitments for premium base oils will allow us to triple our sales of our premium oils. The increased production of low-grade oils will also, significantly increase revenues for this product line."
About American Petroleum Group, Inc.
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
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