NEW GENERATION CONSUMER GROUP ANNOUNCES $500,000 FINANCING AND
DISTRIBUTION
WHITTIER, CA -- February 7, 2016 -- InvestorsHub NewsWire
-- New Generation Consumer Group announces today their signed
agreement with Vican Foods Inc.. Vican Foods Inc. is an established
Canadian food-trade company who specializes in providing quality
food products to buyers around the world through comprehensive
logistics and transportation services. Vican Foods Inc. and New
Generation Consumer Group have come to a very exciting agreement
which provides the company with distribution in addition to a
credit line investment to be used for product development up to
$500,000.00 (five hundred thousand dollars).
The investment brings New Generation Consumer Group a total
funding source plus distribution channels that will help the
company aggressively expand its sales and marketing efforts as well
as broaden and accelerate product development and placement.
With growing PO size, the anticipation of quadruple orders by
2nd quarter in addition to a Hemp Refreshers run, NGCG will build
on this momentum and use the financing to continue expanding its
product lines, accelerate product growth, sales and marketing
resources, and continue evaluating strategic opportunities to grow
the company.
Phil Longoria, New Generation Consumer Groups COO states This is
well-timed with the rapidly increasing demand for more products,
and for the company to increase production size before the warmer
months. Since this is a cash for cash agreement with Vican Foods,
there is no need for any kind of toxic financing, nor is the
agreement based off share issuance. Mr. Longoria further stated,
This is a major solution as we continue to clean up our current
share structure, we felt it was important for the company to do
business based off our quality and integrity, rather than diluting
shares. Our plan is to continue to return shares to treasury, as we
have already returned almost 100,000,000 to date which will reflect
on 1st quarter financials. Vican Foods Inc, is a solution that
extends our reach as we focus on US distribution for our brands,
and by doing this will drive business results that shareholders and
investors can steadily profit from.
Adam Krupp, Managing Partner for Vican Foods Inc stated We are
very excited to be working with NGCG. Vican Foods is pleased to
enter into this agreement and looks forward to expanding the
opportunities in addition to creating more volume that can be
generated within both companies.
Phil Longoria, COO
New Generation Consumer Group, Inc.
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** NOTE: Not all locations will carry Mucho Macho Michelada
products due to the nature of this particular product. Not all
stores carry items related to alcohol.
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 featured product. Our VIP Spirits Division
will feature Excuse as our premium liqueur brand. Our initial
alcohol 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, and brand management, in addition to other various
services to its clients to help them gain more customers, increase
sales, aid in selling products and services and or to create brand
awareness. Our snack division brings consumers spicy and intense
flavoring of noticeable quality for todays particular tastes.
Additional information may be found at http://www.newgencg.com, https://www.facebook.com/muchomachomichelada,
or https://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.
ir@newgencg.com
