AndhraNews.net
Home » Business News » 2015 » March » March 19, 2015

New Generation Consumer Group Announces Phil Longoria Appointed to Chief Operating Officer and Plans to File Audited Financial Statements and Form 10 Registration Statement


March 19, 2015 - Whittier, CA

New Generation Consumer Group (OTC PINK: NGCG), a consumer products marketing and media company, announced today Phil Longoria has been appointed to Chief Operating Officer along with plans to file audited financial statements and a form 10 registration statement.

Mr. Longoria previously served as Director of Marketing and Corporate Relations for New Generation Consumer Group and is the founder of Monster Marketing Group Inc. Prior to Monster Marketing, Mr. Longoria served as Director of Operations for a multi-million dollar restaurant chain where he was responsible for several hundred employees. Mr. Longoria and his business partner, Mike Berio, bought Thunderbolt Energy Drink to the market more than 10 years ago and had it in over 300 convenience stores, catering service suppliers & wholesale markets within 90 days of the product launch. Mr. Berio also currently works with New Generation Consumer Group. Mr. Longoria and Monster Marketing have provided in store and merchandising support for the California Beef Council Primary Agency. A partial client list includes McDonalds, Denny's, Krispy Kreme, Little Caesars, Ford, Mercedes Benz, Nissan, See's Candies, Boost Mobile and Sprint just to name a few. At New Generation Consumer Group, Mr. Longoria will be the driving force behind developing key relationships with customers, their brands, and strategic marketing.

New Generation Consumer Group has hired an auditor to audit its financial statements and plans to begin filing audited financials with OTC Markets sometime during the end of the second quarter, or the beginning of the third quarter. Audited financial statements are sometimes required by lending sources, such as banks, current investors or potential investors. The goal of the Company is to become fully reporting on OTC Markets and potentially become an EDGAR filer as cash flow allows.

Additionally, New Generation Consumer Group has retained a law firm to assist the Company in filing a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). The SEC Form 10 is a basic source of information about a publicly traded company. In addition to the company's financial statements, the SEC Form 10 contains management's perspective on potential risks and opportunities facing their company. New Generation Consumer Group expects to submit the Form 10 to the Securities and Exchange Commission sometime in the second quarter.

"We want to be as transparent as possible with our shareholders and stay in compliance with the Securities and Exchange Commission's rules on Fair Disclosure," said Phil Longoria, Chief Operating Officer. Mr. Longoria continued, "As a new publicly traded company we are enjoying the enthusiasm of our shareholders and look forward to keeping them posted on our progress."

About New Generation Consumer Group, Inc.

New Generation Consumer Group, Inc. (NGCG) is a marketing and media company that currently operates through four separate divisions: Mucho Macho, VIP Spirits, Monster Marketing, and our Snack Division. Mucho Macho features Mucho Macho Michelada Mix as its feature product. Our VIP Spirits Division will feature Excuse as our premium brand. Our initial product will be a Top Shelf Liqueur infused Premium Imported Vodka in a variety of different flavors, followed by Excuse Whiskey. Monster Marketing provides graphic design, web development, brand management, and various other services to its clients and helps them get more customers, increase sales, sell a product, or create brand awareness. Our snack division brings consumers more of spicy and intense flavors today's sports fans want for their tailgate or sports themed parties. Additional information may be found at http://www.newgencg.com, https://www.facebook.com/muchomachomichelada, or https://twitter.com/MuchoMachoMiche.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Corporate Relations and Retail Inquiries
Phil Longoria
(562) 907-3888
Phil@newgencg.com

Investor Relations
David Kugelman
Atlanta Capital Partners, LLC
(404) 856-9157
(866) 692-6847 Toll Free - U.S. & Canada
dk@atlcp.com

Media Contact:
Complete Advisory Partners
Office: (586) 228-2290
Facsimile: (586) 228-6920
Cell : (586) 801-9002
Email: info@capinc.net
www.capinc.net

MarketWire

Comment on this story

Share