FAYETTEVILLE, Tenn., Oct 18, 2005 (BUSINESS WIRE) -- Kevin Neal, President &
CEO of Morgan Equities Group, Inc. (Pink Sheets: MRGG), announced today that
Morgan Equities Group, Inc. is in Merger negotiations with National Safety Wear
(Natwear) a New York based company. National Safety Wear is a 30 Year old
industrial safety clothing manufacture.
Kevin Neal said: "Morgan Equities Group, Inc., through this Merger, will enable
the company to expand and develop its business plan and vision quickly and
Neal added: "We feel our investors will be excited about our new business
relationship with National Safety Wear and the ever expanding business
opportunities it provides."
Morgan Equities Group, Inc. is a public company based in Fayetteville, TN. The
company's mission is to maximize the company's value for its investors. The
Company's common stock is currently traded over-the-counter on the NASD, symbol
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1955; Statement in this news release looking forward in time involve risks and
uncertainties, and actual results may be materially different. Factors that
could cause actual results to differ include activity levels in the securities
markets and other risk factors such as customer order rates, cancellations, late
delivery of customer components, production delays, dependence upon certain
customers, dependencies upon key executives, viability of quarterly results,
single operating facility, competition, product liability risk, control by
management, foreign currency fluctuation, and other risks detailed in the
Company's applicable SEC filings.
SOURCE: Morgan Equities Group, Inc.
CONTACT: Morgan Equities Group, Inc.
Kevin Neal, 931-433-9118