LORTON, Va., April 19, 2011 /PRNewswire/ -- Next Generation Energy Corp. (OTC: NGMC) today announced it has been qualified and fully approved as a buyer by EnergyNet. EnergyNet is a premier marketplace for the acquisition of royalty income streams from energy producing properties. NGMC will now be able to participate in EnergyNet's auctions and negotiated acquisitions.
"Next Generation Energy has chosen EnergyNet's marketplace, in addition to our other resources, because of the wide range of properties and the comprehensive nature of the due diligence process for properties and royalty interests they offer," said Darryl Reed, CEO. "EnergyNet is an excellent trading platform for NGMC to find value plays in royalty revenue streams to add to our portfolio. Acquiring royalty interests from well managed natural gas and oil fields by companies such as Chevron allows NGMC to participate in the revenues without the inherent operational risks."
NGMC is engaged in the acquisition of high quality royalty interests in energy producing properties throughout the U.S. NGMC focuses on obtaining royalty interests from proven, developed properties that currently generate income streams from the production of natural gas, oil and coal, Mr. Reed explains.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
SOURCE Next Generation Energy Corp.