April 27, 2009 (FinancialWire) — American DG Energy Inc. (OTCBB: ADGE) (Current Market Cap: US$97.00 Mil.) has sold 1,076,190 restricted shares of common stock at $2.10 per share in a private placement for aggregate proceeds of $2.26 million.

Investors participating in the placement include Nettlestone Enterprises, the John Hatsopoulos 1989 family trust for the benefit of his adult children, Charles T. Maxwell, a director of the company, and others.

American DG will use the proceeds to fund additional installations of the company’s energy systems and for general corporate and working capital purposes.

Waltham, Massachusetts-based American DG Energy supplies energy to its customers through distributed power generating systems.

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