THERMAL, Calif., June 9, 2015 /PRNewswire/ -- New Global
Energy, Inc. (OTCBB: NGEY) announced today that it has signed an
exclusive 20- year agreement with Alternate Health Group's
CanaCard, a regulatory and compliance software system that will
enable all U.S. states with legal medical marijuana laws in place
to utilize and monitor the physician prescribed protocol.
CanaCard's proprietary, patented platforms provide a private and
secure system for HIPAA compliant interactions and monitoring. A
unique patient identification code allows users to access a
database designed to securely store personal data, transactional
volume, research data and patient management tools. The
database is accessible only by the patient, certified doctors and
licensed nutraceutical providers. The patient receives an actual
card that monitors the prescription and tracks the balance so the
patient knows how much medical marijuana is available on a daily
basis and physicians can control the patient's access and limit
consumption.
An important benefit to the U.S. states is CanaCard's ability to
calculate and track tax revenue that is due based on each
individual state's tax code. We are also ICD10 compliant in that
CanaCard requires a code that corresponds with the disease in order
to satisfy Drug Enforcement Agency requirements. We are currently
the only one with this patented technology, which will be required
by law as of September, 2015," said Howard
W. Mann, CEO and President of Alternate Health
(www.alternatehealth.ca), and a member of the New Global Energy
Advisory Board.
"CanaCard's software applications and processing systems utilize
proprietary technology platforms called VIP-Patient and CanaCard
and will provide New Global Energy with significant annual returns
as the medical marijuana industry continues to expand on a
state-by-state basis across North
America," said Chief Executive Officer Perry D. West.
In addition, a support agreement will be in place
to provide all necessary technical, customer and management
support during the term of the license. The CanaCard team will
provide support related to operating systems, personnel, financial,
accounting and compliance support.
According to Forbes, legal cannabis is the fastest growing
industry in the United States with
estimates showing that there was between $1.6 - $1.9 billion of legal medical marijuana
and $600-$700 million for legal,
recreational use.
About New Global Energy, Inc.
NewGlobal Energy, Inc. is a public company focused on acquiring
high-growth firms, assets and properties in the Aqua-Farming,
Agriculture, and Health & Wellness industries. The trading
symbol is NGEY traded on the OTCBB. New Global Energy seeks to
create sustainable projects and protect the environment.
Safe Harbor Statement
Matters discussed in this release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this update, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with our
history of losses and our need to raise additional financing, the
acceptance of our products and technology in the marketplace, our
ability to demonstrate the commercial viability of our products and
technology and our need to increase the size of our organization.
Further information on the Company's risk factors is contained in
the Company's quarterly and annual reports as filed with the
Securities and Exchange Commission. The Company
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
Media Contact:
Charlotte Luer
cluer@newglobalenergy.com
+1-239-404-6785
Website: New Global Energy, Inc.
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SOURCE New Global Energy
