Argan, Inc.

Argan, Inc.

Argan, Inc. (Amex:AGX) today announced financial results for the second quarter of its fiscal year 2009 ended July 31, 2008. Net sales for the three months ended July 31, 2008 were $75 million compared to $53 million for the three months ended July 31, 2007, an increase of 41.3%.

Argan, Inc. (AMEX:AGX) today announced that William F. Griffin, Jr. has been named President and Chief Executive Officer of its wholly-owned subsidiary Gemma Power Systems, effective immediately. Mr. Griffin's appointment follows the resignation of Timothy Curran on August 29, 2008.

Argan, Inc. (AMEX:AGX) announced that its wholly owned subsidiary, Gemma Power Systems, has signed an EPC contract and received a limited notice to proceed from CPV Sentinel for an approximately $210 million contract to design and build eight simple cycle peaking plants in southern California.