AGR Announces Revised Merger Closing Date

OTCBB: AGRT

AUSTIN, TX, May 14 /PRNewswire-FirstCall/ - AGR Tools, Inc. would like to announce that May 21, 2010 has been chosen as the revised completion date for its merger with AGR Stone & Tools USA, Inc. The two companies agreed to postpone the closing date for the transaction because of its complicated nature, specifically the roll back of AGR USA's inventory. The auditors of AGR USA are confident that the necessary paperwork to complete the transaction will be ready by May 21, 2010.

Rock Rutherford, the President and CEO of AGR, stated "We are disappointed at how long this transaction has taken to close; however, we are very excited to be nearing the end of the process and look forward to using the public market to develop our company. We would like to thank all the employees of AGR Tools, Inc., AGR Stone & Tools USA, Inc. and the auditors for their hard work to this point."

AGR Tools, Inc. is a public company with its common stock quoted on the OTC Bulletin Board under the symbol AGRT and the Berlin and Stuttgart Stock Exchanges under the symbol LVSA. AGR Tools, Inc. and AGR Stone & Tools USA, Inc., a private Texas-based company, entered into a binding share exchange agreement on October 29, 2009. Since that time, both companies have been working diligently to close the transaction.

About AGR Stone & Tools USA, Inc.

AGR Stone & Tools USA, Inc. is a major supplier of diamond tools and adhesives. It specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries, and its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has completed extensive research and testing, and uses the latest technologies to assure it is at the forefront of the diamond tool industry. The company also employs some of the world's top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.

On October 29, 2009, AGR Tools, Inc. and AGR Stone & Tools USA, Inc. entered into a binding share exchange agreement. See AGR Tools, Inc.'s November 2, 2009 Current Report on Form 8-K regarding the share exchange agreement with AGR Stone & Tools USA, Inc. for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close. AGR Tools, Inc. must issue 46,186,516 shares of its common stock to the current shareholders of AGR Stone & Tools USA, Inc. in order to complete the share exchange. Accounting for the anticipated cancellation of 25,000,000 shares of its common stock, upon the closing of the share exchange AGR Tools, Inc. will have 81,186,516 shares of common stock issued and outstanding.

More information on AGR Stone & Tools USA, Inc. can be found at: www.agrtools.com

Forward-Looking Statements:

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See AGR Tools, Inc.'s filings with the United States Securities and Exchange Commission which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

SOURCE AGR Tools Inc.