Press Release
Source: NXGen Holdings, Inc.
On Monday June 22, 2009, 8:32 am EDT
Buzz up! 0 Print.Companies:NXGEN Holdings, Inc.
SARANAC, Mich., June 22 /PRNewswire-FirstCall/ -- NXGen Holdings, Inc. (OTCPK: NXGH) is pleased to announce that the Company's wholly owned subsidiary, Green Bridge Industries, Inc., signed a lease to open new corporate offices in Saranac, Michigan. Green Bridge Industries will be moving all of its major corporate functions as well as coordinating its national fundraising and philanthropic efforts from this office. Also included will be a new Research and Development lab where the Company will be looking to develop new non-toxic, environmentally friendly cleaning products that can be added to its current product line, with a goal of adding five to eight new products to the Green Bridge line over the next few months. William White, Chairman and CEO of NXGen Holdings, Inc., stated, "Because our products are not ferment based, and hence free from all the instability, incompatibilities, and inconsistencies inherent in those types of products, we can use all natural, DfE compliant ingredients to bring a larger line to market in a more readily EPA certifiable way. And as government approval becomes more important in the 'green industries', we feel we will be better positioned than most to meet these criteria."

I don't see his name as a plaintiff!

Lazyfaire, Thanks for the posting

Ok so according to this EESO invoiced a little over $300K to WOW. YEAH WOW IS RIGHT!! Where is the rest of the $138M??
I think the revenue numbers are slightly skewed! Looks like this years projection should be about $1M? Anyone else catch this?

ant I am surprised that in all your DD you can't find something like this. True Green Blends is likely a corporation. Why don't you start by looking for that someplace other than google. Let me know if you get stuck. GL

Read the website or the press releases or the company documents on Pinksheets. It is clearly stated that it is a non fermentation process formula. In other word no enzymes.
GLTY
You can also go back and read some of the posts here from a couple of months ago when this issue was discussed at length.

It has been well established already that the formula for Zap does not contain enzymes. That's what is funny. Here we go again. Typical.

Oh that is funny alright! ROTFLMAO!! Good luck to good ol Enzyme Boy with this one! I hope he wins.

I don't know why it wouldn't but with a brand new formulation I guess no one would know until they tried it, now would they?

You need to look at the structure. Things like wholly owned subsidiaries, etc. I am sure big apple has done this a few more times than the both of us.

I know BW and have worked with him in the past. I was able to see the stain pen formula and it really works good. True Green Blends obviously is very good at formulations.

What does being a Business Development Company have to do with anything? Any company can be that and still own other companies and products and basically do whatever they want.
This company is diverified pretty well already. And besides that the deal they cut to market a product through SPNG is pretty incredible for a start up. You should be so lucky

Thanks for your opinion Scovanner. We appreciate everyones point of view, but I know better.
You will see the products in a few weeks. The initial products will be with the Spongetech name. By the way the package looks real good and the products work real good also.
GLTY and everyone else. I got mine and holding.

My god Crashman are you actually going to start this crap again??
Tavy look back about 100 posts ago at the Crashman's posts and some others and you will see this entire conversation questions and answers that was figured out. Confusion due to the namechange and pending ticker symbol change.
Crashman if you can't find anything else to gripe about this stock then give it up.

I guess i stand corrected. I didn't look at the dates. My Bad. Let me look some more.

You can also go directly to the SEC Website and see all the filings. There obvioulsy is not much current info other than the buy and namechange request.
I don't think the share structure has changed in quite some time.

I don't know where you all are looking but here is the direct link to the tab on pinksheets for "SEC FILINGS"

http://pinksheets.com/pink/quote/quote.jsp?symbol=nxgh

That is right from Pinksheets.com All the filings are there, as well as all the company info.
Some good reading there if you are looking for a place to start DD. GLTY

Here you go.

Estimated Market Cap
$6,964,868 as of Aug 3, 2009
Outstanding Shares
357,172,737 as of Jun 30, 2009
Authorized Shares
500,000,000 as of Jun 30, 2009
Number of Share Holders of Record
79 as of Jun 30, 2009
Float
56,548,237 as of Jun 30, 2009

http://pinksheets.com/pink/quote/quote.jsp?symbol=nxgh

Well Gastrodamas, the good news is you have time to do all the DD you want and still get in for a profit IMO because i believe this will be a slow and steady climb upwards for quite some time.
I'm in long.
Let us know what good stuff you dig up!

Then no drinks! LOL

It's been that way for years and years. Don't know if it will ever change but GLTY

There you go, I like the way you're thinking! Maybe you should call Murph and lay out the plan for them.

I love the post about a class action suit. That's pretty cool anyone ever been involved in one? I have.
Let me run down IMO how i think that may go.
You put about 1000 investors on the suit. There are about 100 lawyers that get involved. They win and the settlement is what is left over from a broken business that you sued. That amounts to about $1mm. The lawyers take out their 40% off the top and you have about $600K left. Then the lawyers take out the expenses that they have meticulously tracked over the four years that the suit lasted. That amounts to about $545K. Now you have about $55K left, so you divide that amongst the 1000 or so investors and that amounts to about $55.00 each. We can all go out and buy each other 5 drinks at a really nice place! LOL Dream on But Good Luck with it!

Purchase of Clorox Corp????? Where the heck did that come from?? Are you saying EESO is going to purchase Clorox? Or Clorox is going to purchase EESO? LMFAO!!!!! That will never ever ever happen! I will put my house up for that bet!

Hey I can answer one for you. First I am glad you all sorted the company name thing out. It would have sorted itself out as soon as the new symbol was approved anyway, but good job to you all.
Look at the financial report at this link on page 6.
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=22320
This talks about the strategy and significant events. Mainly two companies the second of which is True Green Blends, Inc. They are in a partnership to supply the raw materials and further the R&D efforts of current and future products. Hell these guys have been working with the big boys for years. They probably helped with all the development of products.
They supposedly already have 6 products that are going through DfE approval right now.

There you go now you are thinking. That is likely close to what is going on. I don't know about anyone else but there is just no way IMO that pinksheets and SEC filings would overlook something like a company not even existing.
They are planning a name and symbol change. That has been said in PR so likely until it is finalized this may be what is going on.
Either way again I don't care. i know they are legit, i can't wait for Sponge pens to hit the market Kaboom! And oh yeah I am up about 300% right now, so do you think i am worried??

Man you guys are really on top of things.LOL This discussion took place about three months ago!

I heard you for the three hundreth time. I just said what the other guy found was spelled nexgen and that is not how this is spelled! Geeeeez give it a rest I think i can speak for the rest of the board when i say WE HEARD YOU ALREADY!

wrong spelling It's Nxgen

I am with you there horselady! Good Luck to us all!

Surely a simple explanation. In the meantime, who the hell cares? I am up from .005 to .023!!
Everyone must have forgotten that fact!
I am not sure why they can't find the corporation listing, but i am sure that pinksheets would definitely not have removed the caveot emptor from the listing if they weren't legal in every way. That just would not happen period.
That's good enough for me until i find the explanation. I know they talked about a symbol and name change and maybe that is the reason.

Once again it is impossible for pinksheets to overlook something that significant!

No I have not, let me check that out. Thanks
Maybe you can post the link?

SALI joined the ask at .023 also!

You are wasting your time biggerstaff, lazyfaire is convinced that this company doesn't legally exist. I guess the SEC and Pinksheets forgot how to check out companies before they list them on a legal website. What do you think?

It amazes me you all are looking at 2 year old things that happened with previous owners and management. What soes all that have to do with now?

Could you possibly do a chart for NXGH? Thanks

I don't know that yet. That was the name on the incorporation papers filed with Pinksheets and NV.
I am not sure of the rest. I am looking. Will post when i find it.

It's good to be cautious, but i wouldn't trust the word of anyone until i saw the proof and/or the documents. GLTY