SOURCE: NexGen Holding Corp.

March 04, 2015 09:30 ET

NexGen Holdings Announces That Its Paddock Pools Subsidiary Has Hired Industry Veteran Monte Rollins as Its Senior Construction Manager

NexGen Continues to Build Depth in Its Management Team as Mr. Rollins Joins Michael Rynne as Its Newly Appointed Construction Manager

SCOTTSDALE, AZ--(Marketwired - Mar 4, 2015) - NexGen Holdings Corp. (OTC PINK: XGEN) today announced that it had hired veteran industry executive Monte Rollins to head up is construction management at its Paddock Pools Subsidiary.

Monte Rollins has built a reputation over 37 years for successfully managing swimming pool construction teams to build the highest quality swimming pools while maintaining robust margins for the Company. Mr. Rollins recently left California Pools, an Arizona competitor of the Company where for over 12 years he managed their entire construction program. Previous to working at California Pools Mr. Rollins held the same position at Paddock Pools.

Mr. Rollins will head up a construction department surrounded by veteran swimming pool executives such as Michael Rynne, recently promoted to Construction Manager, who has been at Paddock for over 21 years and has excelled in various management positions and understands every aspect of swimming pools and swimming pool equipment.

John Myers, NexGen's CEO, stated, "I am thrilled that Monte agreed to join our management team. He and I share the same philosophies of fair dealing and integrity." Mr. Myers continued, "With our 'A' Team of Monte and Mike we will create the finest quality pools, that our customers will truly enjoy while building them profitability to enhance shareholder value."

Mr. Rollins said, "I've always respected the Paddock name which has stood for quality starting way back in 1958. By joining with Mr. Myers and his team I believe that we can put Paddock at the top of Arizona's quality pool builders."

Mr. Rynne added, "I'm excited to work with Monte and put into practice all of the procedures he has used to successfully build quality pools so consistently for so many years. I can already see that we will be able to build many more pools with the quality that Paddock is known for. This will enhance our shareholder value."

The Company will now look to provide Mr. Rollins and his team with the financial resources necessary to greatly expand the Company's swimming pool construction division.

About NexGen Holdings, Inc.

NexGen Holdings, Inc. 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 thats 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 four subsidiaries: WindPower Solutions, Inc. which repairs and remanufactures wind power turbines and solar power plants for operators across the U.S., and its backyard products subsidiaries Cameo Pools, Paddock Pools and Cameo Landscape, builds and renovates swimming pools landscape design and maintence and markets outdoor products to consumers in the Phoenix, Arizona Metropolitan Area. -- For more information go to our websites www.nexgenholdingscorp.com, www.cameopools.com, www.paddockpoolsaz.com

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:
    Contact:
    Carole Myers
    Phone Number: 480-363-2300