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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (63198)	9/13/2000 3:08:54 PM
From: myturn	Read Replies (1) \| Respond to of 150070

RNWR, moving up quietly. Cheers RG

To: Jim Bishop who wrote (63198)	9/13/2000 3:10:14 PM
From: Eric Fader	Respond to of 150070

Big news from ATEG, .16 on the offer and maybe ready to run: American Technologies Group Inc. Finalizes $12 Million Equity Line of Credit MONROVIA, Calif., Sep 13, 2000 (BUSINESS WIRE) -- American Technologies Group Inc. (ATG) (OTC BB:ATEG) Wednesday announced that it has finalized a $12 million equity line of credit with Bristol DLP Equities, LLC. Under the line of credit, once the registration statement covering the transaction is effective, the company can draw up to $12 million in monthly increments over a three year period. The company will be filing a SB-2 statement with the SEC in the near future. Lawrence J. Brady, chairman and CEO of ATG, said: "This line of credit is an extremely significant development for ATG. This company has never been properly capitalized. This step goes a long way to securing the economic viability and success of ATG. The significance and importance to shareholders cannot be overestimated. As a result of our efforts over the last two years, ATG now has excellent products to market which meet an environmental need worldwide. This line of credit, which we will use only if needed, assures us that we can implement the company's marketing plan and accelerate revenue generation for the company." Paul Kessler, president of Bristol DLP Equities, said: "Bristol DLP Equities, LLC entered into an equity line financing arrangement with American Technologies Group Inc. because we are affirmatively convinced that Larry Brady and his management team are building a premier multi-faceted technology company. American Technologies Group has developed promising technologies and products that can reach global markets. This line of credit will ensure that the products are brought to market." Brady went on to say: "This credit line enhances our profile with both vendors and customers, clearly demonstrating that, after completing a detailed due diligence, an institution has provided a large credit facility to ATG. It assures us the ability to implement the company's plans to enter markets in volume." Included in this release are forward-looking statements which the company believes are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. CONTACT: American Technologies Group Inc. Lawrence J. Brady, Chairman and CEO 626/357-5000 www.ategmail@ateg.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS * end of story *