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AMERIGROUP Files Shelf Registration Statement

Renews and Replaces Expiring Registration Statement

VIRGINIA BEACH, Va., Dec. 15, 2008 /PRNewswire-FirstCall/ -- AMERIGROUP Corporation (NYSE: AGP) announced today that it filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission on December 15, 2008. The registration statement enables the Company to sell, in one or more public offerings, its debt, common stock, preferred stock and other securities at prices and on terms to be determined at the time of the applicable offering. The shelf registration provides the Company with flexibility to publicly offer and sell securities at times it believes market conditions make such an offering attractive. Because the Company is a well-known seasoned issuer, the shelf registration statement is effective upon filing. Although the Company has no immediate plans to issue any securities at this time, it is the Company's policy to maintain an effective shelf registration statement to ensure financing flexibility should the need arise. The shelf registration statement filed today replaces AMERIGROUP's previous universal shelf registration statement which was filed in 2005 and expired on December 1, 2008.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state.

About AMERIGROUP Corporation

AMERIGROUP Corporation, headquartered in Virginia Beach, Virginia, improves healthcare access and quality for the financially vulnerable, seniors and people with disabilities by developing innovative managed health services for the public sector. As of September 30, 2008, through its subsidiaries, AMERIGROUP Corporation serves approximately 1.7 million people in Florida, Georgia, Maryland, New Jersey, New Mexico, New York, Ohio, South Carolina, Tennessee, Texas and Virginia. For more information, visit

    Investors:  Julie Loftus Trudell
    Senior Vice President, Investor Relations
    AMERIGROUP Corporation
    (757) 321-3597

    News Media: Kent Jenkins Jr.
    Senior Vice President, External Communications
    AMERIGROUP Corporation
    (757) 769-7859

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