Alternative Green Technologies Engages Dinosaur Securities as Its Investment Banker for Potential Acquisitions and Future Capital Raises

UNIONDALE, NY -- (Marketwire) -- 05/07/09 -- Alternative Green Technologies, Inc. (PINKSHEETS: AGTI), a public company focused on reducing the carbon footprint in the world by acquiring and building green companies that help the environment, announced today that it has engaged Dinosaur Securities as its investment banker to source potential acquisitions in addition to acting as placement agent for potential future capital raises.

Headquartered in New York City and London, the Dinosaur Group provides services for institutions, funds and individuals; brokerage and asset management, corporate finance and research. "We are very excited about this new engagement and on behalf of the Company I feel that the Dinosaur Group is a firm that can help us achieve synergistic acquisitions in addition to opening the door for potential institutional investments," stated Mitchell Segal, President of Alternative Green Technologies, Inc.

About Alternative Green Technologies, Inc.: Alternative Green Technologies (PINKSHEETS: AGTI) is a public company focused on the commitment to reduce the carbon footprint in the world by acquiring and building companies that help the environment in reducing carbon emissions in addition to reducing worldwide energy costs and waste.

Our subsidiary, Reddiform Worldwide, Inc., has the exclusive worldwide license in perpetuity to market, manufacture and sell ReddiForm Insulated Concrete Forms ("ICFs"), a green patented building product that allows for reduced energy costs while providing more economies and efficiencies in the construction process for homes, industrial and commercial buildings.

For more information about Alternative Green Technologies, Inc. go to www.altgreentech.com.

NOTE: This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results.

Contact:
Alternative Green Technologies, Inc.
626 RXR Plaza
Uniondale, NY 11556
516-832-7000

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