SOURCE: NewGen Technologies, Inc.

August 22, 2006 13:41 ET

NewGen Announces Appointment of Darryl Noreen as Director of Technical Services

CHARLOTTE, NC -- (MARKET WIRE) -- August 22, 2006 -- NewGen Technologies, Inc. (OTCBB: NWGN) today announced the appointment of Darryl L. Noreen as Director of Technical Services, further enhancing the company's leading position in the biofuel industry and strengthening its drive to become the premier producer of the cleanest burning renewable fuels in the world.

Mr. Noreen brings a wealth of experience to NewGen. Starting his career at Mobil Oil Corporation, where he served as a plant engineering manager and researched cogeneration fuel products, he has more recently consulted a host of major energy companies including Rockwell International, Science Applications International Corp., EMC Engineers, Inc., and Energy Engineering, Inc. He also previously served with the National Renewable Energy Laboratory as a project manager, coordinating work with the National Bureau of Standards. Over many years, Mr. Noreen has focused on structuring and implementing multi-million-dollar research projects, managed technology development, and commercialized a variety of both basic and applied research programs with full budgetary responsibility. In addition, Mr. Noreen is a published author and has specialized in the development of new, patented processes for zero-NOx combustion of fuels.

"Cliff Hazel and I are delighted to have found a like-minded individual to work with us on developing our proprietary, existing technologies along with new projects in the biofuel field. Darryl is a very experienced inventor with a diverse set of entrepreneurial skills who has issued numerous patents that have been transferred into energy-related high technology fields. His addition will allow NewGen to more rapidly reap the rewards of previous work and allow us to realize our true potential," commented Ian Williamson, President and Chief Technology Officer of NewGen.

Darryl received a B.S. in Chemical Engineering at New Mexico State University and is currently a resident of North Carolina with his wife and two daughters.

About NewGen Technologies, Inc.

NewGen's mission is to be a leading manufacturer, processor and distributor of premium biofuels that are intended to dramatically reduce the ecological and economic impact of world petroleum use. NewGen believes that it has developed the cleanest burning and highest performing fuels in the world by utilizing technology that allows for more complete combustion, which NewGen believes will result in improved miles per gallon and significantly decreased harmful emissions, including reduced carbon monoxide, carbon dioxide, nitrous oxides, particulates and black smoke. The company's fuel products include proprietary and complex technology, substantially and predominantly derived from petroleum sources, which are intended to improve the performance of gasoline and diesel fuels, as well as domestically-produced and environmentally-friendly alternative fuels such as Ethanol-based E85 and Biodiesel-based B20. The vision of NewGen and ReFuel America, NewGen's wholly owned U.S. subsidiary, is a world less dependent on oil, using secure, homegrown fuels which better preserve our most important resources -- the air we breathe and water we drink.

Additional information can be found at the company's websites: www.newgenholdings.com and www.refuelamerica.com

Investor Information -- To request investor information and attend online corporate meetings, please visit our website at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0

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 NWGN and PRL 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

  • Media Contact:
    Blois Olson
    New School Communications, Inc.
    (651) 221-1999
    b.olson@new-school.com

    Investor Contact:
    Chris Witty / Jody Burfening
    Lippert/Heilshorn & Associates, Inc.
    (212) 201-6609
    cwitty@lhai.com

    NewGen Technologies, Inc.
    6000 Fairview Road, 12th Floor
    Charlotte, NC 28210
    (704) 552-3590
    www.newgenholdings.com