WHITTIER, CA--(Marketwired - Nov 5, 2014) - New Generation Consumer Group, Inc.(PINKSHEETS: NGCG) (the "Company" or "NGCG"), announced today the Company has effectuated a 1 for 1,000 share reverse stock split and the merger, which was effective on Monday, November 3, 2014.
The Board and a majority of the Company's shareholders approved the reverse stock split on a 1 share per 1,000 basis. As a result of the reverse stock split, every 1,000 shares of the Company's common stock that were issued and outstanding immediately prior to the opening of trading on November 3, 2014, will automatically be combined into one issued and outstanding share without any change in the par value of such shares. The Company plans to file all quarterly reports and other updates on OTCMarkets.com.
Additionally, the Company announced the completion of a merger with New Generation Consumer Group, Inc. New Generation Consumer Group retails its two flagships brands, which are Mucho Macho and Excuse. NGCG's Mucho Macho Division features "Mucho Macho" Michelada Mix as its feature product, to be followed up with several new "Mucho Macho" crunchy snack mixes like spicy mixed nuts and spicy "Mucho Macho" Beer.
VIP Spirits will feature its featured product and brand with a line of premium Spirits retailed under the "Excuse®" brand. Excuse is being marketed as a Top Shelf Liqueur infused Premium Russian imported Vodka in a variety of different flavors. Following in the footsteps of "Excuse" Vodka, we plan to launch "Excuse" Whiskey, made with American Premium Blended Whiskey.
Monster Marketing is the markeing and advertising arm of the Company. NGCG's management team has over 40 years of combined marketing and advertising experience and has designed and implemented programs for McDonald's franchises, Sees Candy, Krispy Kreme Doughnut franchises as well as BMW and Mercedes-Benz dealerships. 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.
NGCG also plans to roll out a snack division through their distribution channels. This division will feature extreme flavors and crunch foods and will be targeted at tailgate or sports themed parties.
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 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.