American Technologies Group, Inc. has acquired, through its wholly-owned subsidiary, Omaha Holdings Corp., all of the common stock of North Texas Steel Co., Inc. for $11.0 million in cash.

Acquisition of North Texas Steel and related transactions were funded with $12,650,000 in funding of which $12,000,000 was provided by Laurus Master Fund, Ltd. The remaining funding in the amount of $650,000 was provided by two institutional investors.

Laurus Funds is a New York City-based institutional fund specializing in providing financing to growing, small and micro-capitalization companies.

Founded in 1917, North Texas Steel Co., Inc. is an American Institute of Steel Construction certified structural steel fabrication company based in Fort Worth, Texas, and provides fabrication and detailing of structural steel components for commercial buildings, office buildings, convention centers, sports arenas, airports, schools, churches and bridges.

American Technologies Group, Inc. has been essentially an inactive publicly registered shell corporation with no significant assets or operations. American Technologies Group was formed in 1988 and is based in Monrovia, Calif.