SOURCE: NexGen Holdings, Inc.

NexGen Holdings, Inc.

January 29, 2014 08:30 ET

NexGen Holdings Announces Record Revenues From Its Renewable Energy Division for the Quarter Ended December 31, 2013

QUEENCREEK, AZ--(Marketwired - Jan 29, 2014) - NexGen Holdings, Inc. (PINKSHEETS: XGEN) announced today that it has recorded over $110,000 in sales in the month of December 2013 from its wholly-owned subsidiary WindPower Solutions, Inc. through the sale of renewable energy tax credits.

WindPower Solutions, Inc. has expanded its offerings to utilize its expertise and relationships in all facets of renewable energy to provide revenue and earnings for the Company's Shareholders. On the $110,000 in gross revenue for the month and quarter ended December 31, 2013 WindPower Solutions, Inc. earned a profit of $8800 before commissions.

Nick Palumbo, Vice President of Sales and Marketing for WindPower Solutions, said, "It has taken a little time to develop our products and garner interest from prospective customers but these results are just the beginning!" Mr. Palumbo continued, "We realized that our expertise in renewable energy afforded us an opportunity to increase revenue, through the sale of energy tax credits and garner interest in our standard product offerings."

John Myers, CEO of NexGen Holdings Corp., commented," I am very pleased with the results that Nick Palumbo has achieved during the quarter. We will shortly report the revenue from our larger Cameo division."

About NexGen Holdings, Corp.
NexGen Holdings, Corp. (PINKSHEETS: XGEN) is a public holding company that is an acquirer and operator of fundamentally sound subsidiaries that are market accepted, scalable and demonstrate a quantifiable value proposition. To enhance shareholder value our focus is on establishing a foot print in a specific industry through the acquisition of a subsidiary that has strong market presence, brand awareness, talented and dedicated management teams with the potential to achieve exceptional performance over time. Once acquired, these companies can expand through additional acquisitions, aggressive marketing and access to our operational support, management approach, and ability to access financial markets for operational and growth capital to build a market leader. NexGen Holdings, Inc. has currently has two subsidiaries: WindPower Solutions, Inc., which repairs and remanufactures wind power turbines and solar power plants for operators across the U.S., and R.I.G. Construction, Inc., which under the Cameo brand name, (Cameo Pools, Cameo Landscaping and Cameo Solar) builds and renovates swimming pools and markets outdoor products to consumers in the Phoenix, Arizona Metropolitan Area.

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Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding NexGen Holdings, Inc. expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon current information available to NexGen Holdings, Inc.'s management as of this date. The business and operations of the Company are subject to substantial risks which increase the uncertainty that forward-looking results will be achieved and actual events or results may vary materially as a result of various important factors including those which management has little or no control. 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.

Contact Information

  • Investor Relations Information:
    Tom Nelson
    Ten Associates LLC
    Phone Number: 480-326-8577