Monogram Energy, Inc. Announces LOI to Acquire US Green Energy, Inc.

RICHMOND, TX--(MARKET WIRE)--Feb 5, 2009 -- Monogram Energy, Inc. (Other OTC:MGRN.PK - News), a diversified commercial energy company, announced today that it has signed a non-exclusive Letter of Intent to acquire US Green Energy, Inc. of Irvine, California. Once completed, this acquisition will allow Monogram Energy to enter into the manufacturing, marketing and sales of solar based residential and commercial products and systems, along with additional alternative energy based projects. Monogram Energy will begin work and development on solar projects through US Green Energy's Southern California facilities effective immediately.

This transaction is subject to continued due diligence and board approval and has a 90-day closing period. Monogram Energy, Inc. will be acquiring 100% of the stock issued and outstanding of US Green Energy, Inc.

Billy King, Chairman and CEO of Monogram Energy, Inc., stated, "This LOI transaction will overnight initiate the transition of Monogram Energy, Inc. into the Alternative Energy space, and into the multi-billion dollar US market for solar products and services. More importantly, after recent discussions with the board of directors, and in the best interest of the shareholders, I am pleased to announce a new forward direction with the involvement of Mr. Jim Faroouque and Mr. Ray Gray. Both of these individuals have significant experience and success in real estate development, along with all the technical expertise that goes with running a top notch Alternative Energy based company. I could not be more pleased with the outcome of this LOI, as we seem to have been at the right place and right time for both sides. Increasing shareholder value is the top priority in a transaction of this nature, and we believe bringing in new and additional management with a fresh and motivated attitude, coupled with entering the alternative energy space certainly has the possibilities to enhance Monogram Energy's business, both short term and long term. I want to thank the shareholders for their continued support as we embark on a new chapter in this Company's business."

Jim Faroouque, Chairman and CEO of US Green Energy, Inc. commented, "I am very pleased to be working with Monogram Energy, Inc., and both Mr. Billy King and Mr. Ray Gray. The opportunity that Monogram Energy, Inc. brings to the table with its public infrastructure in place only enhances the big picture in terms of our larger scale growing capacity of alternative energy projects, specifically on the solar side to start. Being part of a publicly traded company with access to investment capital allows us to aggressively move into the sales and marketing side of our solar based products and services. Over the years, I have operated both private and public companies, and exceeded sales expectations well into the hundred million dollar range. Today's business environment is a bit different even from only a few years back, but that is not going to stop us from creating a very exciting opportunity for shareholders and investors. I look forward to working closely over the next few weeks to finalize matters with Monogram Energy, as the United States today has a multitude of issues on the table that require many of the products and services that we offer to provide green energy solutions."

About US Green Energy, Inc.:

US Green Energy, Inc., (USGE) is a pre-public holding company focused on acquiring high-growth firms, assets and properties in the Green & Renewable Energy industry. USGE is an integrator of technologies and products into energy markets. We design, integrate, construct and maintain power systems using a variety of technologies and energy sources for both grid-connected customers and for those who need power solutions for remote locations, or require more reliable or environmentally benign alternatives to centrally distributed electricity. Our distributed generation systems produce electricity from Bio Fuel and from cleaner, more sustainable sources such as wind, solar, biomass, geothermal and fuel cells, using reliable power generation technologies integrated with custom controls and power electronics. The Company is currently involved in 5 core business units. For more information in US Green Energy, Inc., please visit http://www.usgreenenergyinc.com.

About Monogram Energy, Inc.:

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production. Monogram Energy, Inc. is publicly traded on the over-the-counter market under the ticker symbol MGRN.PK.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

     Contact:
     Monogram Energy, Inc.
     Billy D. King
     3320 FM 359
     Richmond, TX 77469
     Phone: (281) 341-5255
     Fax: (281) 341-1171
     Email: info@monogramenergy.com
     Website: http://www.monogramenergy.com
      
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