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| AMERICAN ENERGY ANNOUNCES APPOINTMENT
TO BOARD OF DIRECTORS |
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| Westport, Connecticut. June 13, 2005 |
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| The American Energy Group, Ltd. (OTC.BB: AEGG)
announced today that it has appointed Karl Welser of Dietlikon, Switzerland
to its Board of Directors. Welser, age 51, has been actively involved in
private real estate and finance ventures since 1999. After attending business
school in Zurich, Mr. Welser joined Bank J. Vontobel in 1971 which specialized
in private financial management. In the late 1970s Mr. Welser attended the
Zurich Management School where he obtained his Economist KSZH degree. From
1980 through 1998, while employed at Zürcher Kantonalbank, Bankinstitut
and UBS in Zurich, Switzerland, respectively, Mr. Welser’s primary
activities included analysis of the securities markets. |
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| Mr. Pierce Onthank, Chairman , President and
CEO of American Energy stated: “We could not be more pleased that
Karl Welser has agreed to join our Board. He brings a wealth of business
and financial experience to our young company which will be extremely helpful
as we develop and implement our business plans.” |
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| This news release contains forward-looking statements.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events, or performance and underlying assumptions
and other statements, which are other than statements of historical facts.
These statements are subject to uncertainties and risks including, but not
limited to, economic conditions, the impact of competition and pricing,
and domestic and foreign government regulation and approvals. All such forward-looking
statements, whether written or oral, and whether made by, or on behalf of
the Company are expressly qualified by the cautionary statements and any
other cautionary statements which accompany the forward-looking statements.
In addition, the Company disclaims any obligation to update forward-looking
statements to reflect events or circumstances after the date hereof. |
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| For further information contact Pierce Onthank,
President and CEO at (203) 222-7315 or mail@aegg.net. |