AGR Enters into Final Stage for $2 Million Debt Financing

AUSTIN, Sept. 17 /PRNewswire-FirstCall/ - AGR Tools, Inc. (OTCBB: AGRT) is pleased to announce that it has entered into the final stage of the approval process for a debt financing facility of $2 million with Crossroads Financial NC, LLC, as previously disclosed on July 20, 2010. When the current non-binding proposal between the parties is formalized, the financing 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 amount of $2 million. AGR plans to use the financing arrangement to fund the fulfillment of accrued back orders and assist with building up current inventory.

"Part of the delay in completing the process was due to the restructuring of our ordering system to meet the requirements of the Crossroads Financial proposal," commented Rock Rutherford, the President and CEO of AGR. "Now that we have completed the restructuring we are looking forward to finalizing an agreement and experiencing the resulting increase in revenue. This arrangement will eliminate our cash flow bottleneck without diluting our shareholders' equity positions, while at the same time assisting us to 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. Its wholly owned subsidiary, AGR Stone & Tools USA, Inc. ("AGR USA"), is a contract manufacturer and distributor of tooling and accessories to the construction, building maintenance and demolition industries in the United States and Canada. AGR USA supplies more than 700 products through its stocking dealership network and website, including diamond based tools and adhesives, and it specializes in producing consumable tooling 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 tooling industry. AGR USA has conducted extensive research and testing of its products, and uses the latest technologies to assure it is at the forefront of the diamond tooling industry.

More information on AGR and AGR USA 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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