THERMAL, California, March 8, 2016 /PRNewswire/ --
New Global Energy, Inc. (OTCBB: NGEY), a public company focused on Aqua-Farming, Agriculture, and Health & Wellness, continues to have very exciting and lucrative events taking place. As a result of our recent news announcements, we have had an unusual amount of response from both industry partners and shareholders alike. This letter provides an overview of key developments.
Tilapia Certified as Organic and Non-GMO
New Global Energy's tilapia is in the process of becoming "Certified Organic" by ICS, a wholly owned subsidiary of Where Food Comes From, Inc. that specializes in organic, gluten-free and related certification services. To receive certification as Organic and Non-GMO, New Global Energy is completing a stringent, lengthy application process that included on-site inspections and an in-depth review of our entire tilapia operation.
Organic practices are better for the land, the environment, animals, and people and there can be price premiums and marketing benefits for certified products. For New Global Energy, the added benefit is that since our fish are fed Organic Certified Feed, NGE will be able to sell our tilapia as Non-GMO Certified to those same premium markets where Non-GMO Tilapia is selling for between $12 and $14 a pound. While organic certification is not required, it opens our distribution to additional premium markets such as Whole Foods and Trader Joes.
According to Department of Agriculture (USDA) Secretary Tom Vilsack, "Consumer demand for organic products continues to increase and the industry has experienced remarkable growth, representing more than $39 billion in U.S. retail sales. This growth creates opportunities for farmers and businesses across the country. Expanding the safety net for farmers wanting to enter the organic market ensures they have the tools and resources they need to meet this growing demand while protecting their operation."
New Global Energy's farms are uniquely suited to grow tilapia, which is a tropical fish, because of the area's warm climate and the availability of warm fresh water from geo-thermally heated wells. Our fish are fed nutrient rich algae and other aquatic plants green for their first four months in grow-out ponds that represent a natural environment. This proprietary fish feeding methodology saves us up to 70% on overall feed costs.
ICS was one of the first organic certification companies in the United States, founded in 1979 as Farm Verified Organic, Inc. by Fred Kirschenmann, a longtime national and international leader in organic and sustainable agriculture. The company has played an integral role in establishing organic standards and certification processes and procedures over the last 35 years and continues to be a leader in the organic certification industry today.
Moringa Protein Bars
New Global Energy is currently in the process of testing Moringa Protein Bars with several companies for manufacturing and distribution. The Moringa needs to be blended with other products and has to contain the required amount of Moringa to receive the nutritional benefits from the product. The taste of the product is of utmost concern for the distributors.
We have strong interest from many distributors, especially if our Moringa is grown locally and organically, including both large and small companies. We are confident that the introduction of Moringa Protein Bars is an ideal complement to New Global Energy's business since it is based on providing natural, effective health solutions.
Stay tuned for details on how to purchase our Moringa products for your family and friends. We also will be sending a sample pack of our products to all of our shareholders, most likely in the third quarter of 2016.
Cargill's EWOS Team Visits NGE's Coachella Valley Farm
New Global Energy is exploring a partnership with EWOS, a Cargill subsidiary.
Two leading aquaculture experts from EWOS visited New Global Energy's farm to monitor our feed process long before Cargill bought them. Details available here - http://www.bloomberg.com/news/articles/2015-08-17/cargill-to-buy-ewos-for-1-5-billion-to-expand-in-fish-farming
EWOS is looking for plant protein substitutes for soybean. They love the idea of Moringa because it has a higher protein content than soybeans, doesn't compete with human food, is not subject to the volatility and speculation of the commodities markets and can grow in the desert so that it doesn't compete with existing farmland.
World's Largest Moringa Farm
We recently signed a memorandum of understanding to enter into a joint venture agreement with the world's largest Moringa farm. Located in Leon, Nicaragua, the 180-acre farm is a leading source of nutrient rich Moringa. Under terms of the agreement, New Global Energy, Inc. will launch Moringa Reserve, LLC to develop, operate, distribute and sell Moringa-based products to U.S. retail markets.
The Moringa farm's ideal growing conditions combined with the best possible production methods and 20+ years of Moringa experience result in high quality Moringa products. The land is extremely fertile and from volcanic origin. The fields are fertilized from compost made from the stems and trunks of the Moringa tree and the Moringa is all natural and organically grown without any chemicals.
We are entering this joint venture to ensure that we have enough supply to meet the demand of the orders that we anticipate for future distribution. Moringa is the Rolls Royce of all superfoods and offers serious nutrition that can radically benefit one's overall health in literally hundreds of ways.
For additional details, please follow New Global Energy's filings and press releases. We also send out a monthly newsletter so please include a mailing address and an email on our website contact page at http://www.newglobalenergy.net and we will add you to the distribution list.
Perry D. West
Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This correspondence contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed in them. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of many factors.
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.