THERMAL, California, October 19, 2015 /PRNewswire/ --
New Global Energy, Inc. (OTC: NGEY) ("NGEY") ("the Company"), a public company focused on Aqua-Farming, Agriculture, and Health & Wellness, announced today that it has launched the tilapia spawning season at its farm in California's Coachella Valley with a record number of fish. New financing commitments from outside investors mean the coming year should prove to be record setting in terms of the number of sustainable fish grown and ultimately sold on the company's farm.
October is a critical month for planning and preparation since fish are seasonal and the new fingerlings will reach sufficient size from October through mid-November before temperature drops and will survive the mildly cold months of December and January. To help insure strong growth and because consumers increasingly demand healthy seafood, New Global feeds its fish a formula that is free of GMOs, antibiotics and chemicals and which includes the perfect blend of the superfood Moringa, nutrient rich algae, and a proprietary blend of other ingredients.
"New Global Energy is at the forefront of developing and implementing the most advanced, sustainable, ecologically sound methods of producing clean, quality seafood. Sustainable features of our farm include the use of solar electricity, nutrient dense fish food, water recirculation through ponds that contain plants that clean the water for re-use, and the nutrient rich fish pond water that is also used to irrigate the Moringa used for the fish feed," said New Global Energy's CEO Perry West.
Tilapia is an ideal fish due to its excellent taste yet less than 10 percent of tilapia consumed in the United States is farmed domestically. According to the National Fisheries Institute, tilapia now ranks fourth on its 'Top Ten' list of the most consumed fish and seafood in the United States. During 2010, the average consumption of tilapia was nearly 1.5 pounds, up from 1.2 pounds per person the previous year. A recent United Nations study predicts that unless something changes, most commercial fisheries will be producing less than 10% of their one time potential by the middle of this century. The United States imports about 86 percent of its seafood and only half is wild caught. The global demand for farm-raised fish is expected to double by 2030.
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 OTCPK. New Global Energy seeks to create sustainable projects and protect the environment.
About AquaFarming Tech
Aqua Farming Tech http://www.aquafarmingtech.com is a wholly owned subsidiary of New Global Energy Inc. and a leader in the seafood industry that has been farming tilapia in the Coachella Valley since September 1993. Its state of the art aquaculture operations are conducted from two farms encompassing 120 acres. As an industry innovator, Aqua Farming Tech was the first farm with more than 60 tanks, one of the first farms to build above ground cement tanks, the first farm to utilize a mechanical aerator to improve the oxygenation of its water, the first farm to develop and implement a method of recycling its water and the first farm to generate a significant percentage of its power from solar and the first farm to self-manufacture its own feed. Aqua Farming Tech is a fish farm/hatchery founded and run by Rocky French that is dedicated to producing the purest, best tasting seafood anywhere.
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.