AGR Enters Into $2 Million Debt Financing Proposal

AUSTIN, TX, July 20 /PRNewswire-FirstCall/ - AGR Tools, Inc. (OTCBB: AGRT) is pleased to announce that on July 9, 2010 it entered into a non-binding proposal with Crossroads Financial NC, LLC for a debt financing facility of $2,000,000. If formalized, this will permit AGR to draw down an initial maximum of $500,000 against the purchase of inventory relating to end-buyer purchase orders, with an initial annual supply facility of $2,000,000. The company plans to use this potential financing arrangement to fund the fulfillment of accrued back orders and assist with building up current inventory.

"We are very pleased to have the opportunity to work with Crossroads Financial to solve the problem of fulfilling our back orders," stated Rock Rutherford, the President and CEO of AGR. "This financing arrangement will eliminate our cash flow bottleneck without diluting the equity positions of our shareholders, while also helping us increase our sales and inventory flow."

    About AGR Tools, Inc.
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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.

    About AGR Stone & Tools USA, Inc.
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AGR Stone & Tools USA, Inc. is a contract manufacturer and distributor of tools and accessories to the construction, building maintenance and demolition industries in the United States and Canada. It supplies more than 700 products through its stocking dealership network and website. The products include diamond based tools and adhesives and it specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries. 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 conducted extensive research and testing of its products, and uses the latest technologies to assure it is at the forefront of the diamond tool industry. AGR Stone & Tools USA, Inc. is a wholly owed subsidiary of AGR Tools, Inc.

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

    Forward-Looking Statements:
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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.

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