SOURCE: NX Global, Inc.

June 22, 2011 10:42 ET

NX Global Announces Joint Venture Agreement

AUSTIN, TX--(Marketwire - Jun 22, 2011) - NX Global, Inc. (OTCBB: NEGS) announced today a joint venture that includes various professional and consulting services to the United Women's Football League and its franchises.

In a company statement - "NX Global is expanding its consulting and training business with this joint venture for immediate revenues while continuing the pursuit of other green opportunities. This venture includes the opportunity to own up to 15% of the league and option to buy a minority interest in one team in the league. Revenues from this agreement will be generated from the League and could be in excess of $400,000 in its first year plus the ownership positions. This revenue will rise as other elements of the operating agreement are completed. The agreement is for two years with an option for three additional years and is automatically extended when certain milestones are met by NX Global through our services."

NX Global along with its technology subsidiary NUBE INC and networking partner PBS Holdings are exploring technical options for the league revenue growth such as the optimization of PBHG's software program STARFEST DIRECT.

The company along with its joint venture partner will announce additional details as they become available in the coming weeks.

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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