New Global Energy, Inc. Releases Shareholder Letter
Thermal, CA -- March 8, 2016 -- InvestorsHub NewsWire
-- New Global Energy, Inc. (OTCBB:
NGEY), a public company focused on Aqua-Farming, Agriculture,
and Health & Wellness, continues to have very exciting and
lucrative events taking place. As a result of our recent news
announcements, we have had an unusual amount of response from both
industry partners and shareholders alike. This letter provides an
overview of key developments.
Worlds Largest Moringa Farm
We recently signed a memorandum of understanding to enter into a
joint venture agreement with the worlds largest Moringa farm.
Located in Leon, Nicaragua, the 180-acre farm is a leading source
of nutrient rich Moringa. Under terms of the agreement, New Global
Energy, Inc. will launch Moringa Reserve, LLC to develop, operate,
distribute and sell Moringa-based products to U.S. retail
markets.
The Moringa farms ideal growing conditions combined with the
best possible production methods and 20+ years of Moringa
experience result in high quality Moringa products. The land is
extremely fertile and from volcanic origin. The fields are
fertilized from compost made from the stems and trunks of the
Moringa tree and the Moringa is all natural and organically grown
without any chemicals.
We are entering this joint venture to ensure that we have enough
supply to meet the demand of the orders that we anticipate for
future distribution. Moringa is the Rolls Royce of all superfoods
and offers serious nutrition that can radically benefit ones
overall health in literally hundreds of ways.
Moringa Protein Bars
New Global Energy is currently in the process of testing Moringa
Protein Bars with several companies for manufacturing and
distribution. The Moringa needs to be blended with other products
and has to contain the required amount of Moringa to receive the
nutritional benefits from the product. The taste of the product is
of utmost concern for the distributors.
We have strong interest from many distributors, especially if
our Moringa is grown locally and organically, including both large
and small companies. We are confident that the introduction of
Moringa Protein Bars is an ideal complement to New Global Energys
business since it is based on providing natural, effective health
solutions.
Stay tuned for details on how to purchase our Moringa products
for your family and friends. We also will be sending a sample pack
of our products to all of our shareholders, most likely in the
third quarter of 2016.
Tilapia Certified as Organic and Non-GMO
New Global Energys tilapia is in the process of becoming
Certified Organic by ICS, a wholly owned subsidiary of Where Food Comes From, Inc. that
specializes in organic, gluten-free and related certification
services. To receive certification as Organic and Non-GMO, New
Global Energy is completing a stringent, lengthy application
process that included on-site inspections and an in-depth review of
our entire tilapia operation.
Organic practices are better for the land, the environment,
animals, and people and there can be price premiums and marketing
benefits for certified products. For New Global Energy, the added
benefit is that since our fish are fed Organic Certified Feed, NGE
will be able to sell our tilapia as Non-GMO Certified to those same
premium markets where Non-GMO Tilapia is selling for between $12
and $14 a pound. While organic certification is not required, it
opens our distribution to additional premium markets such as Whole
Foods and Trader Joes.
According to Department of Agriculture (USDA) Secretary Tom
Vilsack, Consumer demand for organic products continues to increase
and the industry has experienced remarkable growth, representing
more than $39 billion in U.S. retail sales. This growth creates
opportunities for farmers and businesses across the country.
Expanding the safety net for farmers wanting to enter the organic
market ensures they have the tools and resources they need to meet
this growing demand while protecting their operation.
New Global Energys farms are uniquely suited to grow tilapia,
which is a tropical fish, because of the areas warm climate and the
availability of warm fresh water from geo-thermally heated wells.
Our fish are fed nutrient rich algae and other aquatic plants green
for their first four months in grow-out ponds that represent a
natural environment. This proprietary fish feeding methodology
saves us up to 70% on overall feed costs.
ICS was one of the first organic certification companies in the
United States, founded in 1979 as Farm Verified Organic, Inc. by
Fred Kirschenmann, a longtime national and international leader in
organic and sustainable agriculture. The company has played
an integral role in establishing organic standards and
certification processes and procedures over the last 35 years and
continues to be a leader in the organic certification industry
today.
Cargills EWOS Team Visits NGEs Coachella Valley Farm
New Global Energy is exploring a partnership with EWOS, a
Cargill subsidiary.
Two leading aquaculture experts from EWOS visited New Global
Energys farm to monitor our feed process long before Cargill bought
them. Details available here - http://www.bloomberg.com/news/articles/2015-08-17/cargill-to-buy-ewos-for-1-5-billion-to-expand-in-fish-farming
EWOS is looking for plant protein substitutes for soybean. They
love the idea of Moringa because it has a higher protein content
than soybeans, doesnt compete with human food, is not subject to
the volatility and speculation of the commodities markets and can
grow in the desert so that it doesnt compete with existing
farmland.
For additional details, please follow New Global Energys filings
and press releases. We also send out a monthly newsletter so please
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
SOURCE: New Global Energy, Inc.