SOURCE: New Generation Consumer Group, Inc.

New Generation Consumer Group, Inc.

February 08, 2016 08:30 ET

New Generation Consumer Group Announces $500,000 Financing and Distribution

WHITTIER, CA--(Marketwired - Feb 8, 2016) - New Generation Consumer Group (OTC PINK: NGCG) announces today their signed agreement with Vican Foods Inc. Vican Foods Inc. is an established Canadian food-trade company who specializes in providing quality food products to buyers around the world through comprehensive logistics and transportation services. Vican Foods Inc. and New Generation Consumer Group have come to a very exciting agreement which provides the company with distribution in addition to a credit line investment to be used for product development up to $500,000.00 (five hundred thousand dollars).

The investment brings New Generation Consumer Group a total funding source plus distribution channels that will help the company aggressively expand its sales and marketing efforts as well as broaden and accelerate product development and placement.

With growing PO size, the anticipation of quadruple orders by 2nd quarter in addition to a Hemp Refreshers run, NGCG will build on this momentum and use the financing to continue expanding its product lines, accelerate product growth, sales and marketing resources, and continue evaluating strategic opportunities to grow the company.

Phil Longoria, New Generation Consumer Group's COO, states, "This is well-timed with the rapidly increasing demand for more products, and for the company to increase production size before the warmer months. Since this is a cash for cash agreement with Vican Foods, there is no need for any kind of toxic financing, nor is the agreement based off share issuance." Mr. Longoria further stated, "This is a major solution as we continue to clean up our current share structure; we felt it was important for the company to do business based off our quality and integrity, rather than diluting shares. Our plan is to continue to return shares to treasury, as we have already returned almost 100,000,000 to date which will reflect on 1st quarter financials. Vican Foods Inc., is a solution that extends our reach as we focus on US distribution for our brands, and by doing this will drive business results that shareholders and investors can steadily profit from."

Adam Krupp, Managing Partner for Vican Foods Inc., stated, "We are very excited to be working with NGCG. Vican Foods is pleased to enter into this agreement and looks forward to expanding the opportunities in addition to creating more volume that can be generated within both companies."

Phil Longoria, COO
New Generation Consumer Group, Inc.

** NOTE: Not all locations will carry Mucho Macho Michelada products due to the nature of this particular product. Not all stores carry items related to alcohol.

About New Generation Consumer Group, Inc.

New Generation Consumer Group, Inc. (NGCG) is a marketing and media company that currently operates through four separate divisions: Mucho Macho, VIP Spirits, Monster Marketing, and our Snack Division. Mucho Macho features Mucho Macho Michelada Mix as its featured product. Our VIP Spirits Division will feature Excuse as our premium liqueur brand. Our initial alcohol product will be a Top Shelf Liqueur infused Premium Imported Vodka in a variety of different flavors, followed by Excuse Whiskey. Monster Marketing provides graphic design, web development, and brand management, in addition to other various services to its clients to help them gain more customers, increase sales, aid in selling products and services and or to create brand awareness. Our snack division brings consumers spicy and intense flavoring of noticeable quality for today's particular tastes. Additional information may be found at http://www.newgencg.com, https://www.facebook.com/muchomachomichelada, or https://twitter.com/MuchoMachoMiche.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • New Generation Consumer Group, Inc.
    Corporate Relations and Retail Inquiries
    Phil Longoria
    ir@newgencg.com