American Graphite Technologies Inc. Announces Equipment Purchase

Thu Mar 21, 2013 8:00am EDT

* Reuters is not responsible for the content in this press release.

  LAS VEGAS, NV, Mar 21 (Marketwire) -- 
American Graphite Technologies Inc. ("AGIN" or the "Company") (OTCBB:
AGIN) (BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079 ) is pleased to
announce the purchase of several strategic pieces of equipment by its
development and manufacturing partner CTI Nanotechnologies LLC ("CTI") .
The equipment was purchased at the auction of the assets of Konaraka
Technologies Inc., a manufacturer in OPV (organic photovoltaic)
technology. 

    The equipment includes a laminating line consisting of web handling
equipment, drives, steering, slot die deposition coating heads,
laminating heaters, an automated fluid pumping/delivery module, vacuum
conveyor tables, a vacuum pump, associated electronics, UV curing, high
powered laser edge trimmers, 14" slot die applicators, 36" slot die
applicators, assorted drying and curing processing equipment, cabinets
and racking. The Company paid for the equipment purchased as part of its
agreement with CTI.

    "The Konarka auction was a great opportunity for CTI to acquire state of
the art machinery and equipment at auction prices," said Rick Walchuk,
CEO of American Graphite Technologies, Inc. "This equipment can be
retrofitted to fit our manufacturing purposes. New replacement cost for
this equipment would be well over $1 million and CTI was able to secure
it for a fraction of the cost."

    American Graphite Technologies Inc. is focused on developing North
American graphite mining opportunities along with the commercialization
of graphene specific proprietary technology methods to maximize
shareholder value.

    For more information visit the website at www.americangraphitetech.com 

    About American Graphite Technologies Inc. 
 American Graphite
Technologies Inc. (OTCBB: AGIN ) is a mineral exploration and technology
development company that is quoted on the Over-the-Counter Bulletin Board
(OTCBB) where the Company's ticker symbol is AGIN and on the Berlin Stock
Exchange under the following symbol: A8G (WKN:A1KBDQ/ISIN:US02640K1079).
By concentrating on securing graphite mining opportunities and the
commercialization of graphene specific proprietary technology methods,
management is seeking to bring profitable opportunities and maximize
shareholder value. Graphene has been described as the "miracle material"
of the 21st Century and is believed to be stronger than steel and more
conductive than copper while being flexible, making it plausible as a
replacement over silicon possibly leading to thinner, faster, cheaper,
more flexible devices including power sources. Since graphene comes from
the carbon atom it is abundant and cheap. In 2010 the Nobel Prize in
Physics was awarded to Andre Geim and Konstantin Novoselov for
groundbreaking experiments regarding graphene. Advances in alternative
energy technologies are driving demand for strategic metals like graphite
that have recently evolved from industrial demands to include high tech
uses as nations focus on encouraging the development of new domestic
markets for clean and efficient energy alternatives, smart grid
infrastructure and military capabilities. 

    Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995, and within the meaning of
Section 27A of the Securities Act of 1933 and Section 21B of the Exchange
Act of 1934, any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, goals and assumptions of future events or performance are not
statements of historical fact and may be "forward-looking statements."
Forward-looking statements are based on expectations, estimates and
projections at the time the statements are made that involve a number of
risks and uncertainties which could cause actual results or events to
differ materially from those presently anticipated. Forward-looking
statements in this release may be identified through the use of words
such as "expects," "will," "anticipates," "estimates," "believes," or
statements indicating certain actions such as "may," "could," or "might"
occur. Such statements reflect the current views of CTI with respect to
future events and are subject to certain assumptions, including those
described in this release. These forward-looking statements involve a
number of risks and uncertainties, including the timely development and
market acceptance of products, services, and technologies, competitive
market conditions, successful integration of acquisitions, the ability to
secure additional sources of financing, the ability to reduce operating
expenses and other factors. The actual results that the Company achieves
may differ materially from any forward-looking statements due to such
risks and uncertainties. American Graphite Technologies Inc. does not
undertake any responsibility to update the "forward-looking" statements
contained in this news release. 

    

Contact:
American Graphite Technologies Inc. 
For further information call (702) 473-8227
Email: info@americangraphitetechnologies.com 

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