June 15, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — AGR Tools, Inc. (OTCBB: AGRT) said that its wholly owned subsidiary, AGR Stone & Tools USA, Inc., has won its first open bid contract since the acquisition was completed.

Rock Rutherford, president and CEO of both AGR and AGR USA, said "This initial customer order consists of $230,000 of asphalt blades which are to be delivered over the next ten months.”

He added that the one contract is equal to over 40% of the firm’s entire annual gross revenue for 2009.

Texas-based AGR Stone & Tools USA is a contract manufacturer and distributor of tools and accessories to the construction, building maintenance and demolition industries in the United States and Canada.

The company supplies more than 700 products through its stocking dealership network and web-site. The products include diamond based tools and adhesives and it specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries.

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