SOURCE: NX Global

NX Global

March 16, 2011 08:30 ET

NX Global Announces Expansion Opportunity

AUSTIN, TX--(Marketwire - March 16, 2011) - NX Global Inc. (OTCBB: NEGS) announced today the addition of Afforestation to its opportunity list for production of rapid growth tree's for bio-mass, wood pulp and and production of bio-fuels.

Afforestation uses 500 to 1,000 acre parcels of land in temperate climates of rapid growth trees that are mature in 3 years and harvestable in 5-7 years. In temperate climates the tree's produce honey twice per year and their root systems are harvestable for sale or expansion twice per year as well. We had consultant's reviewing this opportunity since July 2010 and have decided that we should expand our product line to include the various markets for this product.

Certain states and the US Department of Agriculture are actively participating in programs that support the bio-mass for the fuel from certain types of these trees and their hybrid off-shoots. The trees are also used in remediation of Brownfield sites with severe carbon issues. These types of trees produce approximately 1.6 carbon credits per year beginning in the third year after planting. At current prices for the credits this ranges between $2.2 and $5.5 million per year depending on the price and the market in which they are sold.

The trees produce 2.5 times more length and comparable diameter than an oak tree in a period of seven years. Other markets include bio-mass from leaves and trimmings, root sales for multiple purposes, and high quality (syrups) honey that sells for substantially higher prices than conventional honey. Bio-fuels when coupled with higher BTU liquids can make products from transportation fuel to Jet "A" fuels.

Future announcements will be forthcoming with regard to land acquisition and funding which would incorporate this project, algae production and the use of tire pyrolysis to maximize the fuel output.

About NX Global:

NX GLOBAL, Inc. (OTCBB: NEGS) and its subsidiaries are publicly traded companies located in the USA.

Forward-Looking Statement: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.

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