THERMAL, California, May 5, 2016 /PRNewswire/ --
New Global Energy, Inc. (OTCQB: NGEY) ("the Company"), a public company focused on Aqua-Farming, Agriculture, and Health & Wellness, announced today that its Board of Directors has approved the launch of Moringa Reserve, LLC to develop, operate, distribute and sell Moringa-based products to U.S. retail markets.
Moringa Reserve, LLC will be operated as a joint venture between New Global Energy and Moringa Energy, LLC, whose principals are the owners of the world's largest Moringa farm located in Leon, Nicaragua. The 180-acre farm is a leading source of nutrient rich Moringa and will ensure that Moringa Reserve has access to the finest quality Moringa in sufficient supply to meet demand. The companies signed a definitive operating agreement and production is expected to begin in the second quarter of 2017.
"Our Moringa is all natural and organically grown without any chemicals on extremely fertile land from volcanic origin. We also don't use Gama-irradiation, which destroys many of the nutrients in the leaves. We do not use binding agents, fillers or laboratory-made synthetic chemicals that our bodies can't absorb and can have negative side effects. No artificial sweeteners, MSG or gluten are found any of our products," said Moringa Energy Founder Jacobo Arguello.
"We are pleased to finalize our joint venture and are confident that we will have enough Moringa to meet future demand. The U.S. market is now more receptive than ever to new Moringa products. It is considered the most nutrient rich plant on earth with over 92 nutrients and can radically benefit one's overall health in literally hundreds of ways," said Chief Executive Officer Perry D. West.
New Global Energy is already a leader in Moringa and uses it as a key component of the proprietary fish feed formula that is one of the cornerstones of the company's sustainable fish farming operation. In response to growing consumer demand for healthy seafood, New Global's fish formula is free of GMOs, antibiotics and chemicals and includes an optimized blend of Moringa, nutrient rich algae and a proprietary blend of other ingredients.
About New Global Energy, Inc.
New Global Energy, Inc. (http://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
SOURCE New Global Energy, Inc.