New Generation Consumer Group Announces Reduction of Authorized
Shares
WHITTIER, CA - February 12, 2015 - InvestorsHub NewsWire - New
Generation Consumer Group (OTC
PINK: NGCG) announced today that the Company has reduced
the number of authorized shares by 1,250,000,000 from 2,000,000,000
to 750,000,000.
Charles E. Morrison, Chief Executive Officer of New Generation
Consumer Group, stated, "We have one goal and that is to build a
strong and profitable company. We plan to do this by
successfully competing as a minority owned and operated business.
Our snack and beverage business is developing as planned and we are
working on additional distribution for our products. However, we
need to expand in a manner that secures the interests of our
current investors and shareholders. This is just one step
toward these goals."
New Generation Consumer Group has already filed with the State
of Delaware Division of Corporations to amend its certificate of
incorporation to reflect the lower number. The par value of the
stock is unaffected, as well as the current price per share.
Anthony Sykes, Chief Financial Officer of New Generation
Consumer Group, was quoted as saying, "Reducing the Authorized
Shares should enhance investor confidence while eliminating any
illusion of dilution."
About New Generation Consumer Group, Inc.
New Generation Consumer Group, Inc. (NGCG)
is a marketing and media company that currently operates through
four separate divisions: Mucho Macho, VIP Spirits, Monster
Marketing, and our Snack Division. Mucho Macho features Mucho Macho
Michelada Mix as its feature product. Our VIP Spirits Division will
feature Excuse as our premium brand. Our initial product will be a
Top Shelf Liqueur infused Premium Imported Vodka in a variety of
different flavors, followed by Excuse Whiskey. Monster Marketing
provides graphic design, web development, brand management, and
various other services to its clients and helps them get more
customers, increase sales, sell a product, or create brand
awareness. Our snack division brings consumers more of spicy and
intense flavors today’s sports fans want for their tailgate or
sports themed parties. Additional information may be found at
www.newgencg.com, www.facebook.com/muchomachomichelada, or www.twitter.com/MuchoMachoMiche.
Safe Harbor and Forward-Looking Statements
This press release contains forward-looking statements. Words
such as “expects,” “intends,” “believes,” and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company’s filings with the OTC Markets Group. The
actual results that the Company achieves may differ materially from
any forward-looking statement due to such risks and uncertainties.
The Company undertakes no obligation to revise or update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
Corporate Relations and Retail Inquiries
Phil Longoria
(562) 907-3888
Email: phil@newgencg.com
Investor Relations
David Kugelman
Atlanta Capital Partners, LLC
(404) 856-9157
(866) 692-6847 Toll Free - U.S. & Canada
Email: dk@atlcp.com
Media
Complete Advisory Partners
Office: (586) 228-2290
Facsimile: (586) 228-6920
Cell: (586) 801-9002
Email: hank@capinc.net