SOURCE: ReFuel America, Inc.

August 10, 2005 18:15 ET

Bongiovi Entertainment, Inc. Announces Name and Symbol Change to NewGen Technologies Inc. and NWGN

ReFuel America, Inc., NewGen's Unit, Announces Debut of

CHARLOTTE, NC -- (MARKET WIRE) -- August 10, 2005 -- Ian Williamson, president, Bongiovi Entertainment, Inc., announced its name was changed to NewGen Technologies, Inc. ("NewGen"). As well, NewGen's trading symbol has changed from (OTC BB: BGVE) to (OTC BB: NWGN).

ReFuel America, Inc. ("ReFuel America"), NewGen's wholly owned subsidiary, announced today the debut of ReFuel America's new Web site at The new Web site provides detailed product and corporate information.

"We are pleased to unveil our new Web site today. The Web site provides consumers and governmental agencies with easy access to information on our innovative products," said President Ian Williamson. "As well, our new Web site provides strategic partners with corporate information on our company and management."

NewGen and its ReFuel America subsidiary are fuel production and distribution companies engaged in the development of fuel technology which changes the property of fuel to allow more complete combustion. Benefits of NewGen and ReFuel America's products may include improved miles per gallon, increased power and torque, and decreased production of harmful emissions like carbon monoxide, carbon dioxide, nitrous oxides, particulates and black smoke.

"Today our team has unveiled a Web site that communicates our mission and products well," said Chairman Bruce Wunner. "NewGen and its ReFuel America subsidiary are now poised to ramp up for production and revenue in the second half of 2005."

About NewGen Technologies Inc. and ReFuel America, Inc.

NewGen and ReFuel America's proposed fuel products include proprietary and complex technology which improves the performance of gasoline and premium diesel fuel, as well as domestically produced and environmentally friendly alternative fuels such as Ethanol-based E85 and Biodiesel-based B20. NewGen and ReFuel America's technology alters the properties of fuels to allow more complete combustion. This is designed to result in improved mpg and decreased production of carbon monoxide, carbon dioxide, nitrous oxides, particulates and black smoke. ReFuel America's vision is an America less dependent on imported oil, using fuels which better preserve our most important resources -- the air we breathe and water we drink.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of BGVE could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

Contact Information