SOURCE: NX Global, Inc.

January 18, 2011 08:30 ET

NX Global, Inc. Signs Agreement for Site Lease in Quebec

AUSTIN, TX--(Marketwire - January 18, 2011) - NX Global, Inc. (OTCBB: NEGS) announces the completion of a letter of intent for the site lease in Quebec by its subsidiary, Applied Concepts for Energy Corp ("ACEC") joint venture. The formal lease will be signed upon receipt of the site permits required.

MRC Pontiac recently designated this site as the Pontiac Regional Industrial Park. The waste stream ("MSW") from MRC Pontiac (18 communities) is mandated for disposal at this site beginning when the system is available. Additional waste contracts are being negotiated from bordering communities.

Representatives of the Company and site owners are travelling to Quebec to meet with Federal, Provincial and local governments to streamline the permit process with a goal of all in hand by March 31, 2012.

The site has several potential businesses with synergistic aims that will almost completely utilize the 2,200 acre site providing several 100 jobs. These projects include MSW disposal and waste to energy, coal gasification, septage to fertilizer, pre-fabricated housing, dry construction waste recycling already committed or under construction.

Members of the ACEC joint venture will travel to Europe to procure technology licensing for North America for use at several sites and to visit three operations of the technology plus meet with handling equipment manufacturers and project engineers.

"The events in Canada are moving rapidly after 18 months of work to get to this point. The government wants to move rapidly to conclude the permits for this site. There is pressure on the region to accomplish this as local waste dumps will be closing or have restricted volume in 2012. We wish to assist the people of Canada in providing a solution for their looming MSW disposal problem and provide employment in the region," David LaFave, President of ACEC commented.

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.

Contact Information

  • NX Global, Inc.
    Robyn Bailey
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