New Global Energy, Inc. (OTCPK:NGEY) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares of the company's common stock. The shares will be purchased from time to time in the open market.

The company believes the repurchase of common stock is a good use of funds and demonstrate their commitment to enhanced long-term shareholder value. The timing of purchases will be based on the stock price and other market factors.