THERMAL, California, November 10, 2015 /PRNewswire/ --
New Global Energy, Inc. (OTCQB: NGEY) ("the Company"), a public company focused on Aqua-Farming, Agriculture, and Health & Wellness, has signed a distribution agreement with International Sustainability Group to manufacture and distribute MoringaUP™ Protein Bars based on ISG's popular AlgaeUp™ bars.
As a Moringa-based nutritional product, MoringaUP™ Protein Bars will support health through a formulation of nature's minerals, proteins, antioxidants, vitamins and omegas. ISG already has contracts in place to sell the new bars at major grocery and drug stores throughout the United States, including Walgreens and Rite Aid.
"ISG's brand portfolio is an ideal complement to New Global Energy's business since it is based on providing natural, effective health solutions. We are confident that Moringa will continue to help build our Company's market edge and support future profitability as we expand further into the Health and Wellness industry," said Chief Executive Officer Perry D. West.
As a nutrient-dense aqua botanical, the algae included in ISG's products include: Spirulina, a variety of fresh water blue-green algae similar in makeup to sea vegetables such as dulse, kelp, nori, kombu, arame, wakame, and chlorella; algae biomass, (raw algae); and astaxanthin, a powerful antioxidant. The market opportunity for algae products is increasingly significant as awareness of its benefits become more widely understood.
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.
About International Sustainability Group
The International Sustainability Group, Inc. (http://www.isgpglobal.com) is an innovative, Green Technology company focused on providing Environmentally Friendly Solutions and products to preserve the environment through sustainable living. ISG takes an innovative approach to green technology and its implementation. ISG has a patented indoor commercialized algae development technology. This technology broadens ISGs green sustainable living solution, which includes but is not limited to algae based bio-oil, bio-plastic, carbon reduction and sequestration.
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.