July 28, 2009 (FinancialWire) — American DG Energy Inc. (OTCBB: ADGE) (Current Market Cap: $98.96 Mil.) said it has entered into definitive agreements to sell investors 1,663,167 shares of restricted common stock at $2.10 per share at an aggregate purchase price of around $3,492,650.

The company also granted the investors the right to purchase additional shares of common stock at $3.10 per share by December 18.

American DG plans to use the proceeds of the private placement to fund additional installations of the company’s On-Site Utility 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. The company is focused on providing institutional, commercial and small industrial facilities with power, cooling, heat and hot water at lower costs than charged by local utilities.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).