New Global Energy, Inc. Releases Q2 2016 Shareholder Letter
Thermal, CA -- July 7, 2016 -- InvestorsHub NewsWire
-- New Global Energy, Inc. (OTCBB: NGEY), a public company
focused on Aqua-Farming, Agriculture, and Health & Wellness,
released a shareholder letter for the second quarter of 2016 as an
update on company developments and how they project to impact
revenue growth and profitability.
Our Tilapia are Huge
Tilapia season is in full swing and our market size tilapia now
weigh in at an average of 1.5 lbs. each. This impressive weight is
made possible by our farms warm climate, ample fresh water,
improved brood stock, and proprietary fish feeding methodology that
includes our fish being fed nutrient rich algae which is a primary
food source in their natural environment.
We believe that the size and color of our fish far surpass the
competition and we are proud to have a strong and steady supply of
approximately 4 million fish projected to produce an on-going
revenue stream. It is also interesting to note that because our
farms are located in California we enjoy a competitive advantage
since other seafood companies are forbidden by law from bringing
live tilapia into or out of the state.
We are pursuing our marketing program of delivering direct to
market which has the dual benefit of being able to absorb the
margin allocable to the fish broker and delivering direct also
allows us to amplify our brand message to our buyers of premium
quality and product purity.
To further expand our tilapia operation, we are investigating
ways to boost distribution such as a possible partnership with
Amazon Marketplace to provide market to market delivery.
We have learned that certain demographic markets prefer whole
fish versus filets and we will continue to take that into
consideration as we ramp up distribution. We remain committed to
becoming non-GMO certified, which is better for the land, the
environment, animals and people and which commands price premiums
and marketing benefits. We are presently pursuing the Certification
process.
We are extremely pleased that the Coachella Valley Water
District has approved the Thermal farm to receive canal water,
which comes from the rapidly flowing Colorado River and contains
more oxygen and minerals than well water. Construction of the new
extension should be commenced soon that will make it possible for
canal water to reach the Thermal farm; estimated completion of the
project is 2-3 years. The land value of the farm is expected to
significantly increase upon project completion.
The Moringa Superfood Opportunity
We recently announced a joint venture agreement with the worlds
largest Moringa farm located in Leon, Nicaragua, which is a
180-acre farm growing nutrient rich Moringa. We are preparing for
the launch of Moringa Reserve, LLC to develop, operate, distribute
and sell Moringa-based superfood products to U.S. retail markets.
Development of branding and packaging is underway.
This new partnership is exciting because it provides us with
enough Moringa to meet the demand of the orders that we anticipate
for future distribution. The Nicaragua farm utilizes the best
possible production methods and the owners have 20+ years of
Moringa experience that has resulted in high quality product. The
farms land is extremely fertile and from volcanic origin and the
fields are fertilized from compost made from the stems and trunks
of the Moringa tree. The Moringa is all natural and organically
grown without any chemicals.
In addition to retailing Moringa-based superfood products, we
believe that Moringa can generate several additional significant
revenue streams for the Company including Moringa based animal feed
products and Moringa oil to be sold to the cosmetics industry.
Stock Price Considerations
Several of our shareholders have expressed concern about the
price per share, which has fallen from recent highs. The Company
continues to expand and improve its operations and technology
providing what we believe is a strong base for significant growth.
We have had some administrative delays due to changes in accounting
treatments which have been reflected in our financial statements.
We are making efforts to continue to build our accounting resources
to help address the ever increasing complexity of the SEC reporting
process.
A new $3.5 million 506c equity financing for New Global Energy
has just recently begun through our investment banker. This $3.5
million cash infusion will support farm and operational
improvements, product development and market expansion as well as
provide additional working capital necessary to aggressively pursue
its business plan.
We remain confident that we will experience upward stock
appreciation as the public continues to understand and follow New
Global Energy.
For additional details, please follow our filings and press
releases. We also send out a newsletter so include a mailing
address and an email on our website contact page at www.newglobalenergy.net and we will add you to the
distribution list.
Sincerely,
Perry D. West
Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This correspondence contains forward-looking statements. Any
statements about our expectations, beliefs, plans, predictions,
forecasts, objectives, assumptions or future events or performance
are not historical facts and may be forward-looking. These
statements are often, but not always, made through the use of words
or phrases such as "anticipate," "believes," "can," "could," "may,"
"predicts," "potential," "should," "will," "estimate," "plans,"
"projects," "continuing," "ongoing," "expects," "intends" and
similar words or phrases. Accordingly, these statements are only
predictions and involve estimates, known and unknown risks,
assumptions and uncertainties that could cause actual results to
differ materially from those expressed in them. Our actual results
could differ materially from those anticipated in such
forward-looking statements as a result of many factors.
About New Global Energy, Inc.
New Global Energy, Inc. (www.newglobalenergy.net) 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
OTCQB. New Global Energy seeks to create sustainable projects and
protect the environment.
Safe Harbor Statement - This release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E and/or 27E of the Securities
Exchange Act of 1934 that are based upon assumptions that in the
future may prove not to have been accurate and are subject to
significant risks and uncertainties, including statements as to the
future performance of the company and the risks and uncertainties
detailed from time to time in reports filed by the company with the
Securities and Exchange Commission. Statements contained in this
release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Although the
company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance
that such expectations or any of its forward-looking statements
will prove to be correct. Factors that could cause results to
differ include, but are not limited to, the company's ability to
raise necessary financing, retention of key personnel, timely
delivery of inventory from the company's suppliers, timely product
development, product acceptance, and the impact of competitive
services and products, in addition to general economic risks and
uncertainties.
For more information please contact:
Charlotte Luer, Director of Investor Relations
cluer@newglobalenergy.net
239-404-6785
