WHITTIER, CA--(Marketwired - Feb 9, 2015) - New Generation Consumer Group (OTC PINK: NGCG) would like to provide an update to shareholders on the current number of issued and outstanding shares, as well as the current float.
As announced earlier today, we have reduced our number of authorized shares to 750,000,000. New Generation Consumer Group currently has 484,608,753 shares outstanding and the public float is 40,880,342. On January 21, 2015 our Board of Directors authorized the issuance of 400,000,000 shares of New Generation Consumer Group common stock to officers, directors, and control persons in lieu of compensation and other obligations. The shares are restricted for one-year from the date of issuance under Rule 144. The information regarding the number of outstanding shares and the float is available on otcmarkets.com and we are in the process of updating the number of authorized shares to show 750,000,000 instead of 2,000,000,000.
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.