NWGN NewGen Technologies Inc (CE)

NewGen Technologies, Inc. (�NewGen�) (OTCBB:NWGN) today announced that they have agreed to complete a strategic agreement with Titan Global Holdings (�Titan�) (OTCBB: TTGL) for the rights to exclusively manufacture and distribute biofuels for Appalachian Oil Company, Inc. (�Appco�), www.goappco.com. Previously, on Monday, July 24th, Titan announced that its newly formed energy division, Titan Energy Group, had entered into a definitive agreement to purchase 100% of the outstanding stock of Appco, representing Titan�s initial acquisition in the sector. Under the terms of the agreement between Titan and NewGen, Titan agreed to enter into a 10 year supply agreement with Refuel America, Inc., a wholly owned subsidiary of NewGen, providing it with the exclusive right to supply biofuel products to Appco or its affiliates at the then prevailing market price for such biofuel products at the time an order was placed. The agreement can only be terminated by Appco or its affiliates for cause. �NewGen is now strategically positioned to be the leader in biofuel supply & distribution from terminals to retail under one umbrella in the Southeastern United States. � Chairman Bruce Wunner said. �The agreement will provide us with the exclusive right to supply biofuels to Appco, which was a synergy we coveted when we initially bid for Appco. We believe that this strategic relationship with Titan and Appco will benefit NewGen, ReFuel and our shareholders.� NewGen looks to capitalize on the existing extensive Appco distribution network of over 160 locations and its 80 years of operational expertise. NewGen will aggressively focus on the�ReFuel�America fuel terminal revitalization, expansion and upgrade�to also facilitate blended biofuels, ethanol and biodiesel as well as premium hydrocarbons in the Charlotte, NC, Spartanburg, SC and Columbus, GA markets, as well as expanding markets in the Southeast. Other key details of the agreement reached with Titan are as follows: In exchange for NewGen�s cooperation with Titan�s efforts to purchase Appco and other consideration, Titan will pay NewGen�$1.3 million in reimbursements for�good faith deposits previously paid by NewGen to Appco and other Appco related professional fees and expenses incurred by NewGen. Payments will be made at or prior to the Appco closing, which is anticipated to be September 4, 2007. NewGen will receive $600,000 annually�under a consulting agreement to provide advice on strategic and operational business matters related to biofuels and related strategic areas. About NewGen Technologies, Inc. NewGen�s mission is to be a leading global fully-integrated manufacturer and distributor of premium biofuels and hydrocarbon blends that are intended to dramatically reduce the environmental and economic impact of world petroleum use. NewGen believes that it has developed the cleanest burning and highest performing fuels in the world by utilizing its own technology that allows for more complete combustion. The vision of NewGen and ReFuel America, NewGen�s wholly-owned U.S. subsidiary, is a world less dependent on oil, using secure, renewable, homegrown fuels which better preserve our most important resources � the air we breathe and water we drink. Additional information can be found at the company�s Web sites - www.newgenholdings.com & www.refuelamerica.com & www.actanolbio.com & www.ip-fischer.de & www.newgenasia.com.sg Investor Information -- To request investor information and receive company news and e-mail updates, please visit our Web site at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0 About Titan Global Holdings, Inc. Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL - News) is a high-growth diversified holding company with a dynamic portfolio of companies engaged in emerging telecommunications markets, advanced technologies and energy. In its last fiscal year Titan generated in excess of $109 million in revenues on a consolidated basis. Titan's Oblio Telecom Inc. ("Oblio") telecommunications subsidiary, based in Richardson, Texas, is a market leader in prepaid telecommunications products and the second largest publicly-owned international telecommunications company focused on the prepaid space. Oblio leverages strategic agreements with Tier 1 telecommunications leaders Sprint and Level3 to supply its brand-name prepaid calling cards. Annually Oblio sells an estimated 35 million of its brand-name prepaid calling cards through its established distribution channels estimated at more than 60,000 retail outlets. Titan Wireless, Inc. ("T Wireless") is Titan's wireless subsidiary and is a mobile virtual network operator ("MVNO"). T Wireless sells its MVNO prepaid wireless products and wireless services through Oblio's established distribution channels. Titan's Electronics and Homeland Security division specializes in advanced manufacturing processes to provide commercial production runs and quick-turn delivery of printed circuit board prototypes for high-margin markets including Homeland Security and high-tech clients. For more information, please visit: www.titanglobalholdings.com. For investor-specific information and�resources,�visit�http://www.trilogy-capital.com/tcp/titan/�or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0. To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/titan/quote.html. To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/titan/factsheet.html. Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of NWGN could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company�s operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as �may,� �will,� �should,� �expect,� �plan,� �anticipate,� �believe,� �estimate,� �predict,� �potential� or �continue,� the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.