SOURCE: NEAH

March 02, 2011 12:46 ET

Newco Energy Acquisition Holdings LLC and Senior Energy Executive Karl W. Miller Consider Taking in Accredited Investor Funds for Growth

NEW YORK, NY--(Marketwire - March 2, 2011) - Newco Energy Acquisition Holdings LLC (NEAH) and Senior Energy Executive Karl W. Miller today announced that they are considering taking in investment funds from Accredited Investors due to investor demand, subject to market, regulatory and other conditions.

Interested parties may contact NEAH in connection with this potential offering to Accredited Investors by sending inquiries to mpdevelop@aol.com. No phone calls will be taken in relation to this matter.

This press release is not an offer to sell or the solicitation of an offer to buy securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. No capital, subscription, shareholder agreements or other arrangements are in place. NEAH and Mr. Miller are not soliciting capital at the current time. No offering memorandums or other solicitation documents have been distributed. Investors should seek the advice of a qualified investment professional prior to making any investment decisions.

About Mr. Miller:

Background about Mr. Miller may be found at the following Web link:

http://www.linkedin.com/profile/edit?id=35847711&trk=hb_tab_pro_top

About Newco Energy Acquisition Holdings LLC:

Newco Energy Acquisition Holdings, LLC ("Newco" or the "Company") is an acquisition company formed to opportunistically acquire energy and energy-related assets and companies and, in some cases, invest in the public or private equity and debt of such assets or companies, with substantial growth and profit potential. Through an actively managed, wholly-owned subsidiary ("AssetCo"), Newco invests in assets that can benefit from the Company's financial, operational, and management expertise as well as insight, relationship network, and senior-level guidance. A general business overview can be found at:

Eligible Investors:

The Company may offer Units only to Investors who are "Accredited Investors" within the meaning of Regulation D under the 1933 Act and who are purchasing the Units for their own account, and not with a view of the distribution, assignment, transfer or other disposition thereof.

Before any prospective Investor will be permitted to purchase Units, the prospective Investor must represent to the Company either that the Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of the investment or that such Investor, together with such representatives as the Investor relies upon for investment advice, has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of the investment and is capable of bearing the economic risk of the investment (i.e., at the time of the investment, the prospective Investor can afford a complete loss of the investment and can afford to hold the investment for an indefinite period of time). The prospective Investor will also be required to represent that such Investor has relied solely on the information contained in this any Memorandums provided by NEAH, the LLC Agreement and the Subscription Agreement in making a decision to purchase Units. An investment in Units is suitable only for persons who have adequate means of providing for their current needs and personal contingencies and have no need for liquidity in their investment in the Company. In addition, each prospective Investor will be required to represent that the Investor and the Investor's advisers have received all information requested by them in connection with the Company and the Units.

It is anticipated that comparable suitability standards will be imposed by the Company in connection with any resale of Units (regardless of whether required by applicable law) and any such resale is subject to various other restrictions.

The suitability standards referred to above represent minimum suitability requirements for prospective purchasers and the satisfaction of such standards by a prospective purchaser does not necessarily mean that the Units are a suitable investment for such purchaser or that the prospective purchaser's subscription will be accepted. The Company, in circumstances it deems appropriate, may modify such requirements.

Neither the Securities Exchange Commission (the "SEC") nor any state securities commission or regulatory authority has approved or disapproved of the transactions contemplated hereby or determined the adequacy of NEAH's potential transaction with accredited investors. Any representation to the contrary is a criminal offense.