The Nevada State Board of Examiners has approved a contract enablingAMERIGROUP Nevada Inc. to offer healthcare services to about 50,000financially vulnerable Nevadans in Clark and Washoe counties. The Stateannounced its intention to contract with AMERIGROUP's Nevada health plan inSeptember, but the Board of Examiners must approve all major State contracts.The Board consists of the Governor, the Attorney General and the Secretary ofState.

AMERIGROUP expects its Nevada health plan to be slightly accretive todiluted earnings per share in 2009.

About 100,000 people in Clark and Washoe counties receive their healthcarethrough the Medicaid and SCHIP programs. The State contracts with two privatecare management organizations to bring healthcare services to eligibleresidents. AMERIGROUP Nevada will serve about half the people enrolled inthose programs.

About AMERIGROUP Corporation

AMERIGROUP Corporation, headquartered in Virginia Beach, Virginia,improves healthcare access and quality for the financially vulnerable, seniorsand people with disabilities by developing innovative managed health servicesfor the public sector. Through its subsidiaries, AMERIGROUP Corporationserves approximately 1.7 million people in Florida, Georgia, Maryland, NewJersey, New Mexico, New York, Ohio, South Carolina, Tennessee, Texas andVirginia. For more information, visit www.amerigroupcorp.com.

Forward-Looking Statements

This release is intended to be disclosure through methods reasonablydesigned to provide broad, non-exclusionary distribution to the public incompliance with the Securities and Exchange Commission's Fair DisclosureRegulation. This release contains certain ''forward-looking'' statementsrelated to expected 2008 and 2009 earnings which are subject to numerousfactors, many of which are outside of our control, including our cashbalances, the levels and amounts of membership, revenues, organic premiumrevenues, rate increases, operating cash flows, health benefits expenses,medical expense trend levels, our ability to manage our medical costsgenerally, seasonality of health benefits expenses, selling, general andadministrative expenses, days in claims payable, income tax rates, interestrates, actions by the Federal Reserve, including changes in the Federal FundsRate, our ability to enter into new markets or remain in our existing markets,earnings per share and net income growth. These statements are made pursuantto the Safe Harbor provisions of the Private Securities Litigation Reform Actof 1995. Forward-looking statements involve known and unknown risks anduncertainties that may cause our actual results in future periods to differmaterially from those projected or contemplated in the forward-lookingstatements. These risks and uncertainties include, but are not limited to,national, state and local economic conditions, including their effect on therate-setting process; timing of payments; the effect of government regulationsand changes in regulations governing the healthcare industry; changes inMedicaid and Medicare payment levels and methodologies; liabilities and otherclaims asserted against us; our ability to attract and retain qualifiedpersonnel; our ability to maintain compliance with all minimum capitalrequirements; the availability and terms of capital to fund acquisitions andcapital improvements; changes in interest rates by the Federal Reserve; thecompetitive environment in which we operate; our ability to maintain andincrease membership levels; demographic changes; increased use of services;increased cost of individual services; epidemics; the introduction of new orcostly treatments and technology; new mandated benefits or other regulatorychanges; insured population characteristics and seasonal changes in the levelof healthcare use; our ability to enter into new markets or remain in ourexisting markets; our inability to operate new products and markets atexpected levels, including, but not limited to, profitability, membership andtargeted service standards; catastrophes, including acts of terrorism orsevere weather; and the unfavorable resolution of pending litigation. Therecan also be no assurance that we will achieve the estimated earnings discussedin this release or that our actual results for 2008 and 2009 will not differmaterially from our current estimates. Our ability to achieve the earningsdescribed is subject to a variety of factors, including those described above,many of which are out of our control.

Investors should also refer to our Form 10-K for the year ended December31, 2007 filed with the Securities and Exchange Commission ("SEC") andsubsequent quarterly reports on Form 10-Q and current reports on Form 8-Kfiled with or furnished to the SEC, for a discussion of certain known riskfactors that could cause our actual results to differ materially from ourcurrent estimates. Given these risks and uncertainties, we can give noassurances that any forward-looking statements will, in fact, transpire and,therefore, caution investors not to place undue reliance on them. Wespecifically disclaim any obligation to update or revise any forward-lookingstatements, whether as a result of new information, future developments orotherwise.

CONTACTS: 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) 769-7859SOURCE AMERIGROUP Corporation