NEW GLOBAL ENERGY, INC. THERMAL, California, October 5, 2015 /PRNewswire/ --
New Global Energy, Inc. (OTC: NGEY) ("NGEY") ("the Company"), a public company focused on Aqua-Farming, Agriculture, and Heath & Wellness, announced today that it is preparing to plant an additional 46 acres of Moringa trees at its Mecca, California farm. The new Moringa crop is expected to produce as much as $9 million in annual revenue as a supplement to the company's existing Moringa operation in Thermal, California.
Moringa is a key ingredient in New Global's proprietary fish feed formula that is a cornerstone of its sustainable fish farm in California's Coachella Valley. In response to growing consumer demand for healthy seafood, New Global's fish formula is free of GMOs, antibiotics and chemicals and includes the perfect blend of the superfood Moringa, nutrient rich algae and proprietary blend of other ingredients.
In addition to incorporating Moringa into fish feed, New Global is well positioned to profit from mounting interest from major consumer product companies, such as a major global tea company and several nutraceutical manufacturers that are sourcing organic ingredients from the United States. These companies are currently in discussions with New Global's team to incorporate Moringa into their product line-up.
The Moringa Oleifera tree is widely acclaimed for its nutritional and medicinal value. According to the National Institutes of Health, it is "the most nutrient dense botanical on earth weighing in with over 92 verifiable cell-ready nutrients including 46 antioxidants, 36 anti-inflammatories, vitamins, minerals, omega oils and 18 amino acids (vital proteins) including nine that are rarely found intact within our present food chain."*
From a cost standpoint, it is projected that Moringa will ultimately comprise a significant percentage of the Company's fish feed ingredients, which reduces the overall cost of the feed because the Moringa is raised on Company owned acreage, and the use of Moringa in the feed proportionately reduces the use of commodities such as wheat and soybean providing a hedge against volatility of the commodities market. Fortunately, the Coachella Valley is an ideal location in which to grow Moringa since it is fast growing and prefers warm climates," said Chief Executive Officer Perry D. West.
* As reported by the National Institute of Health (NIH) on ResearchMoringa.com
About New Global Energy, Inc.
New Global Energy, Inc. (http://www.newglobalenergy.net) is a public company focused on acquiring high-growth firms, assets and properties in the Aqua-Farming, Agriculture, and Health & Wellness industries. The trading symbol is NGEY traded on the OTCPK. New Global Energy seeks to create sustainable projects and protect the environment.
About the National Institutes of Health
The National Institutes of Health (NIH) is a part of the U.S. Department of Health and Human Services, which is the nation's medical research agency-making important discoveries that improve health and save lives. The NIH provides access to hundreds of peer reviewed medical research papers on Moringa Oleifera from some of the most prestigious institutions in the world. The NIH makes this research available via the US National Library of Medicine and the pubmed.gov website.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Charlotte Luer, Director of Investor Relations
cluer@newglobalenergy.net
+1-239-404-6785
SOURCE New Global Energy, Inc.
