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

RICHMOND, TX--(Marketwire - February 5, 2009) - Monogram Energy, Inc. (PINKSHEETS: MGRN), 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.\"