Asgard Holdings Inc. (Pink Sheet:AGHG), http://www.asgard-holdings.com, announced that its affiliate, SuperCritical Thermal Systems, Inc. (STS), is working in conjunction with Hamilton Sunstrand Space Systems of Windsor Locks, Connecticut to produce a lightweight, compact liquid oxygen Dewar for the Advanced Space Oxygen System (ASOS). This system is being designed and developed for the NASA Johnson Space Center in Houston, Texas. The ASOS would be used for spacecraft extra vehicular activities (EVA) and for exploration activities on the Moon and planet Mars over the next few decades. Delivery of the prototype Dewar is scheduled within the month of May. Asgard and STS have signed a contract to form an intermediary company, Super Thermal Systems Management Group, Inc. (STSM), half owed by each, to pursue business in the field of advanced and cryogenic breathing apparatus.

About Asgard Holdings, Inc.

Asgard Holdings retains fifty percent interest in Super Thermal Systems Management Group, Inc. (STSM). (http://www.superthermal.com) STS co-founder, Dr. Don Gier, CEO, holds a Ph.D from Iowa State University and co-founder Dr. Hal Gier, technical director, is a graduate engineer from CalTech and holds a Ph.D in aerospace engineering. Under a NASA Kennedy Space Center Small Business Innovation Research contract, SCAMP (Super Critical Air Mobility Pack) was born as a self-contained breathing apparatus and cooling system suit with applications designed for Fire Fighting, EMT, Homeland Security, Dept. of Defense, HAZMAT and NASA.

Asgard Holdings Inc. is more than just an early stage venture capital firm. Holding Companies – We provide the infrastructure and guidance. Venture Capital – Asgard makes possible the achievement of your company’s goals and facilitates your business to find its common ground. Business Incubators – Asgard focuses on companies that are beyond incubator startups. Giving our portfolio companies a strong resource of business intelligence from which to utilize.

Safe Harbor

Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

For further information, about the SCAMP, see http://www.superthermal.com or http://www.asgard-holdings.com.

Contact:

Asgard Holdings, Inc., Escondido

Virgil Williams, 760-510-0088