BOHEMIA, N.Y., April 18, 2018 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTCQB:AMPG) and Neuro-Hitech, Inc., (the ''Company,'' ''Neuro-Hitech'') (OTC PINK:NHPI), today announced that the Board has approved a buyout for Neuro-Hitech common shares in the open market up to a stock price of $.0020. AMPG Management and the Board agree that a buyout will bring value to all shareholders of both companies.

David Ambrose, COO, expressed, ''Happy to announce to all shareholders that we are being acquired by AMPG.''

Fawad Maqbool, CEO, expressed “With this takeover AmpliTech will now be in the oil and gas sector, we look forward to this new adventure.”

About Neuro-Hitech, Inc.

Neuro-Hitech is a holding company with assets currently in the Oil and Gas sector and in the pharmaceutical sector. The company is focusing on expanding its presence as a junior oil and gas production and exploration company focusing on growth in Texas and primarily the Ft. Worth Basin.

About AmpliTech Group, Inc.

AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Website: http://www.AmpliTechinc.com

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as ''believes,'' ''expects,'' ''may,'' ''will,'' ''intends,'' ''plans,'' ''should,'' ''seeks,'' ''pro forma,'' ''anticipates,'' ''estimates,'' ''continues,'' or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under ''Risk Factors'' and ''Our Business.'' Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

Contact:

AmpliTech Group, Inc.

Fawad Maqbool

fmaqbool@amplitechinc.com