SOURCE: Novagant, Inc.

Novagant NVGT

January 27, 2014 15:30 ET

Novagant, Inc. Announces New Business Direction Towards Innovative Products

LAGUNA HILLS, CA--(Marketwired - January 27, 2014) - Novagant, Inc. (PINKSHEETS: NVGT) is pleased to announce that the Company has changed its name from Petrogulf, Inc. to Novagant, Inc.

The Company has relocated to Orange County, California with a new executive management team, and future growth plans call for the Company to deliver shareholder value by developing and acquiring innovative technological products for production.

For more information about the Company, please visit www.novagant.com.

About Novagant, Inc.
Novagant, Inc. was incorporated in the state of Nevada on February 23, 1987 originally under the name of Kendrex Systems, Inc. The Company underwent several name changes, and ultimately on November 26, 2013 changed its name to Novagant, Inc.

Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

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