<Page>

                                                                    Exhibit 10.0


                                ESCROW AGREEMENT

         This Escrow Agreement (the "Agreement") is made by and between the
Riggs Bank, N.A. (the "Escrow Agent"), Washington, D.C., and The American
Corporation (the "Issuer"), Charlotte, North Carolina.

                              W I T N E S S E T H :

         WHEREAS, the Issuer has filed with the Securities and Exchange
Commission (the "Commission"), Washington, D.C., an SB-2 Registration
Statement (the "Registration Statement"), and related Prospectus, File No.
333-99427, in connection with an initial public offering of the Issuer's
securities, comprising 200,000 units, each unit consisting of five shares of
common stock, $.001 per value, and five redeemable warrants, and the shares
of common stock underlying such warrants, and 5,000,000 shares of common
stock and 5,000,000 redeemable warrants, and the shares of common stock
underlying such warrants, and the shares of common stock underlying such
warrants, offered by selling security holders of the Issuer (the
"Securities");

         WHEREAS, the Issuer proposes to offer the Securities to the public on a
"best efforts, minimum/maximum" basis as set forth in the Registration
Statement;

         WHEREAS, the Issuer proposes to establish an escrow account (the
"Escrow Account"), to which subscription funds which are received by the Escrow
Agent in connection with such public offering are to be credited, and the Escrow
Agent is willing to establish the Escrow Account on the terms and subject to the
conditions hereinafter set forth; and

         WHEREAS, the Escrow Agent will establish an Escrow Account into which
the subscription funds, which are received by the Escrow Agent and credited to
the Escrow Account, are to be deposited.

         NOW, THEREFORE, for and in consideration of the promises and mutual
covenants herein contained, and other valuable consideration, the parties hereto
hereby agree as follows:

         1.0  THE REGISTRATION STATEMENT.

         1.1 The Issuer has filed the Registration Statement with the Commission
and is included herein as Exhibit A to this Agreement, and is made a part
hereof.

         2.0  ESTABLISHMENT OF THE ESCROW ACCOUNT.

         2.1 The Issuer shall establish a non-interest-bearing Escrow Account at
the Escrow Agent. The purpose of the Escrow Account is for (a) the deposit of
all subscription funds (checks, cash or wire transfers) which are received by
the Issuer from prospective purchasers of the Securities and are delivered by
the Issuer to the Escrow Agent; (b) the holding of amounts of subscription funds
which are collected through the banking system, and (c) the disbursement of
collected funds, all as described herein.

         2.2 On or before the date of the initial deposit in the Escrow Account
pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing
of the effective date


<Page>

(the "Effective Date") of the Registration Statement, and the Escrow Agent shall
not be required to accept any amounts for credit to the Escrow Account or for
deposit in the Escrow Account prior to its receipt of such notification.

         2.3 The offering period (the "Offering Period"), which shall be deemed
to commence on the Effective Date, shall consist of the number of calendar days
or business days as set forth in the Registration Statement. The Offering Period
shall be extended by an extension period only if the Escrow Agent shall have
received written notice thereof at least five business days prior to the
expiration of the Offering Period. The extension period, which shall be deemed
to commence the next calendar day following the expiration of the Offering
Period, shall consist of the number of calendar days or business days set forth
in the Registration Statement. The last day of the Offering Period, or the last
day of the extension period, is referred to herein as the "Termination Date."
Except as provided in Section 4.3 hereof, after the Termination Date, the Issuer
shall not deposit, and the Escrow Agent shall not accept, any additional amounts
representing payments by prospective purchasers.

         3.0  DEPOSITS TO THE ESCROW ACCOUNT.

         3.1 The Issuer shall promptly deliver to the Escrow Agent all funds
which it receives from prospective purchasers of the Securities, which funds
shall be in the form of checks, cash or wire transfers. Upon the Escrow Agent's
receipt of such funds, they shall be credited to the Escrow Account. All checks
delivered to the Escrow Agent shall be made payable to the "Riggs Bank, N.A. /
The American Corporation Escrow Account." Any checks payable other than to the
Escrow Agent as required hereby shall be returned to the prospective purchaser.

         3.2 Promptly after receiving subscription funds as described in Section
3.1, the Escrow Agent shall deposit the same into the Escrow Account. Amounts of
funds so deposited are hereinafter referred to as "Escrow Amounts." The Escrow
Agent shall cause to process all Escrow Amounts for collection through the
banking system. Simultaneously with each deposit to the Escrow Account, the
Issuer shall inform the Escrow Agent in writing of the name and address of the
prospective purchaser, the amount of Securities subscribed for by such
purchaser, and the aggregate dollar amount of such subscription (collectively,
the "Subscription Information").

         3.3 The Escrow Agent shall not be required to accept for credit to the
Escrow Account checks which are not accompanied by the appropriate Subscription
Information. Wire transfers and cash representing payments by prospective
purchasers shall not be deemed deposited in the Escrow Account until the Escrow
Agent has received in writing the Subscription Information required with respect
to such payments.

         3.4 The Escrow Agent shall not be required to accept in the Escrow
Account any amounts representing payments by prospective purchasers, whether by
check, cash or wire, except during the Escrow Agent's regular business hours.

                                       2

<Page>

         3.5 Only those Escrow Amounts, which have been deposited in the Escrow
Account and which have cleared the banking system and have been collected by the
Escrow Agent, are herein referred to as the "Fund."

         3.6 All Securities issued in connection with the offering, whether or
not for cash consideration, and any other securities issued with respect to such
securities, including securities issued with respect to stock splits, stock
dividends or similar rights, shall be deposited directly into the Escrow Account
promptly upon issuance. The identity of the purchaser of the securities shall be
included on the stock certificates or other documents evidencing such
securities.

         3.7 If the proposed offering is terminated before the Termination Date,
the Escrow Agent shall refund any portion of the Fund prior to disbursement of
the Fund in accordance with Article 4 hereof upon instructions in from the
Issuer.

         4.0  DISBURSEMENT FROM THE ESCROW ACCOUNT.

         4.1 Subject to Section 4.3 below, if by the close of regular banking
hours on the Termination Date the Escrow Agent determines that the amount in the
Fund is less than the minimum amount of the offering, then the Escrow Agent
shall promptly refund to each prospective purchaser the amount of payment
received from such purchaser which is then held in the Fund or which thereafter
clears the banking system, without interest thereon or deduction therefrom, by
drawing checks on the Escrow Account for the amounts of such payments and
transmitting them to the purchasers. In such event, the Escrow Agent shall
promptly notify the Issuer of its distribution of the Fund.


         4.2 The terms of the offering must provide, and the Issuer must
satisfy, the following conditions:

         .  within five business days after the effective date of the
            post-effective amendment, the Issuer shall send by first
            class mail to each purchaser of securities held in escrow, a
            copy of the prospectus contained in the post-effective
            amendment and any amendment or supplement thereto;

         .  each purchaser shall have no fewer than 20 business days and no
            more than 45 business days from the effective date of the
            post-effective amendment to notify the Issuer in writing that
            the purchaser elects to remain an investor. If the Issuer has
            not received such written notification by the 45th business
            day following the effective date of the post-effective
            amendment, funds and interest or dividends, if any held in
            escrow shall be sent by first class mail or other equally
            prompt means to the purchaser within five business days;

         .  the acquisition meeting the criteria set forth above will be
            consummated if a sufficient number of purchasers confirm their
            investment with the Issuer; and

         .  if a consummated acquisition meeting the requirements above has
            not occurred by a date 18 months after the effective date of the
            Issuer's initial registration statement, funds held in escrow
            shall be returned by first class mail to the purchasers within
            five business days following that date.




         Funds held in the escrow account may be released to the Issuer and
securities may be delivered to the purchaser only at the same time as or
after:

         .  the escrow agent has received a signed representation from the
            Issuer, together with other evidence acceptable to the escrow
            agent, that the requirements of paragraphs (e)(1) and (e)(2) of
            Rule 419 have been met; and

         .  the escrow agent has received a signed representation from the
            Issuer, together with other evidence acceptable to the escrow
            agent, that the requirements of paragraph (e)(2)(iii) of
            Rule 419 have been met.



         4.3 If the Escrow Agent has on hand at the close of business on the
Termination Date any uncollected amounts which when added to the Fund would
raise the amount in the Fund to the minimum offering amount, and result in the
Fund representing the sale of the minimum offering amount, the Collection
Period, consisting of the number of business days set forth in the Registration
Statement, shall be utilized to allow such uncollected funds to clear the
banking system.

         4.4 Upon disbursement of the Fund pursuant to the terms of this Article
4, the Escrow Agent shall be relieved of all further obligations and released
from all liability under this Agreement. It is expressly agreed and understood
that in no event shall the aggregate amount of payments made by the Escrow Agent
exceed the amount of the Fund.

                                       3

<Page>


         5.0  RIGHTS, DUTIES AND RESPONSIBILITIES OF THE ESCROW AGENT.

         5.1 The Escrow Agent shall notify the Issuer on a regular basis of the
escrow amounts which have been deposited in the Escrow Account and of the
amounts, constituting the Fund, which have cleared the banking system and have
been collected by the Escrow Agent.

         5.2 The Escrow Agent shall not be responsible for or be required to
enforce any of the terms or conditions of the Agreement with respect to the
Issuer.

         5.3 The Escrow Agent shall not be required to accept from the Issuer
any subscription information pertaining to prospective purchasers unless such
Subscription Information is accompanied by checks, cash or wire transfers
meeting the requirement of Section 3.1, nor shall the Escrow Agent be required
to keep records of any information with respect to payments deposited by the
Issuer, except as to the amount of such payments; however, the Escrow Agent
shall notify the Issuer within a reasonable time of any discrepancy between the
amount set forth in any subscription information and the amount delivered to the
Escrow Agent therewith. Such amount need not be accepted for deposit in the
Escrow Agent until such discrepancy has been resolved.

         5.4 The Escrow Agent shall be under no duty or responsibility to
enforce collection of any check delivered to it hereunder. The Escrow Agent,
within a reasonable time, shall return to the Issuer any check received which is
dishonored, together with the Subscription Information which accompanied such
check.

         5.5 The Escrow Agent shall be entitled to rely upon the accuracy, act
in reliance upon the contents, and assume the genuineness of any notice,
instruction, certificate, signature, instrument or other document which is given
to the Escrow Agent by the Issuer pursuant to this Agreement without the
necessity of the Escrow Agent verifying the truth or accuracy thereof. The
Escrow Agent shall not be obligated to make any inquiry as to the authority,
capacity, existence or identity of any person purporting to give any such notice
or instructions or to execute any such certificate, instrument or other
document.

         5.6 If the Escrow Agent is uncertain as to its duties or rights
hereunder or shall receive instructions with respect to the Escrow Account, the
escrow amounts of the Fund which, in its sole determination, are in conflict
either with other instructions received by it or with any provision of this
Agreement, it shall be entitled to hold the escrow amounts, the Fund or a
portion thereof, in the Escrow Account pending the resolution of such
uncertainty to the Escrow Agent's sole satisfaction, by final judgment of a
court of competent jurisdiction or otherwise; or the Escrow Agent, at its sole
option, may deposit with the Clerk of a court of competent jurisdiction in a
proceeding to which all parties in interest are joined. Upon the deposit by the
Escrow Agent of the Fund with the Clerk of any court, the Escrow Agent shall be
relieved of all further obligations and released from all liability hereunder.

                                       4

<Page>


         5.7 The Escrow Agent shall not be liable for any action taken or
omitted hereunder, or for the misconduct of any employee, agent or attorney
appointed by it, except in the case of willful misconduct or gross negligence.
The Escrow Agent shall be entitled to consult with counsel of its own choosing
and shall not be liable for any action taken, suffered or omitted by it in
accordance with the advice of such counsel.

         5.8 The Escrow Agent shall have no responsibility at any time to
ascertain whether or not any security interest exists in the escrow amounts, the
Fund or any part thereof or to file any financing statement under the Uniform
Commercial Code with respect to the Fund or any part thereof.

         6.0  AMENDMENT; RESIGNATION.

         6.1 This Agreement may be altered or amended only with the written
consent of the parties hereto. The Escrow Agent may resign for any reason upon
five business days' written notice to the Issuer. Should the Escrow Agent resign
as herein provided, it shall not be required to accept any deposit, make any
disbursement or otherwise dispose of the escrow amounts, but its only duty shall
be to hold the escrow accounts until they clear the banking system and the Fund
for a period of not more than five business days following the effective date of
such resignation, at which time (a) if a successor escrow agent shall have been
appointed and written notice thereof shall have been given to the resigning
escrow agent by the Issuer and such successor escrow agent, then the resigning
escrow agent shall pay over to the successor escrow agent the Fund, less any
portion thereof previously paid out in accordance with this Agreement; or (b) if
the resigning escrow agent shall not have received written notice signed by the
Issuer and a successor escrow agent, then the resigning escrow agent shall
promptly refund the amount in the Fund to each prospective purchaser, without
interest thereon or deduction therefrom, and the resigning Escrow Agent shall
promptly notify the Issuer of its liquidation and distribution of the Fund;
whereupon, in either case, the Escrow Agent shall be relieved of all further
obligations and released from all liability under this Agreement. Without
limiting the provisions of Section 8 hereof, the resigning Escrow Agent shall be
entitled to be reimbursed by the Issuer for any expenses incurred in connection
with its resignation, transfer of the Fund to a successor escrow agent or
distribution of the Fund pursuant to this Section 6.

         7.0  REPRESENTATIONS AND WARRANTIES.

         7.1 The Issuer represents and warrants to the Escrow Agent that no
party other than the parties hereto and the prospective purchasers have, or
shall have, any claim or security interest in the Fund or any part thereof.

         7.2 No financing statement under the Uniform Commercial Code is on file
in any jurisdiction claiming a security interest in or describing the Fund or
any part thereof.

         7.3 The Subscription Information submitted with each deposit shall, at
the time of submission and at the time of the disbursement of the Fund, be
deemed a

                                       5

<Page>

representation and warranty that such deposit represents a bona fide payment by
the purchaser described therein for the amount of Securities set forth in such
Subscription Information.

         7.4 All of the information contained in the Registration Statement is,
as of the date hereof, and will be, at the time of any disbursement of the Fund,
true and correct.

         8.0  FEES AND EXPENSES.

         8.1 The Escrow Agent shall be entitled to $1,500 in fees, payable as
and when the disbursement of the Fund. In addition, the Issuer agrees to
reimburse the Escrow Agent for any reasonable expenses incurred in connection
with this Agreement.

         9.0  GOVERNING LAW AND ASSIGNMENT.

         9.1 This Agreement shall be construed in accordance with and governed
by the laws of the District of Columbia and shall be binding upon the parties
hereto and their respective successors and assigns; provided, however, that any
assignment or transfer by any party of its rights under this Agreement or with
respect to the Fund shall be void as against the Escrow Agent unless (a) written
notice thereof shall be given to the Escrow Agent; and (b) the Escrow Agent
shall have consented in writing to such assignment or transfer.

         10.0  NOTICES.

         10.1 All notices required to be given in connection with this Agreement
shall be sent by registered or certified mail, return receipt requested, or by
hand delivery with receipt acknowledged, or by Express Mail service offered by
the United States Post Office.

         11.0  SEVERABILITY.

         11.1 If any provision of this Agreement or the application thereof to
any person or circumstance shall be determined to be invalid or unenforceable,
the remaining provisions of this Agreement or the application of such provision
to persons of circumstances other than those to which it is held invalid or
unenforceable shall not be affected thereby and shall be valid and enforceable
to the fullest extent permitted by law.

         12.0  EXECUTION IN SEVERAL COUNTERPARTS; ENTIRE AGREEMENT.

         12.1 This Agreement may be executed in several counterparts or by
separate instruments, all of such counterparts and instruments shall constitute
one agreement, binding on all of the parties hereto.

                                       6

<Page>


         12.2 This Agreement constitutes the entire agreement between the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, written or oral, of the parties in
connection therewith.

         IN WITNESS WHEREOF, the undersigned parties have executed this
Agreement upon proper authority as of the _____ day of ____________ , 2003.

                                                     RIGGS BANK, N.A.



                                                     By: ______________________

                                                         Authorized Officer


                                                     THE AMERICAN CORPORATION



                                                     By: ______________________

                                                         Authorized Officer



                                       7