OTC/PINK Breaking Material Events

[Penny Machine]

NEGS .0004 Description Updated Today to Include Acquisition

NX Global, Inc. (NX Global), formerly National Energy Services Company, Inc., incorporated on February 17, 1998, is engaged in an Internet-related business. NX Global’s three divisions include Renewable Energy Project Management, Renewable Energy Product Sales and Green Internet Technologies. Renewable Energy Project Management division consists of project management and marketing of those services to solar/thermal, bio-fuels and waste to energy project owners. These projects will include bio-fuel from algae and from pyrolisis of tires, pyrolisis of municipal solid waste to energy, and combination operations of solar/thermal and animal waste pyrolisis. In May 2014, Frontier Beverage Company Inc sold its 51% interest in Blue 22 Entertainment Inc to NX Global.
The Renewable Energy Product Sales division markets the products to home and commercial building users. This division provides revenue for the Company through the sale of excess energy to the grid. Additional products include lighting and water systems for commercial structures. The Green Internet Technologies division is designed to assist all affiliated divisions in the marketing of their products and services. The principal services offered by NX Global are project development, locating funding resources and technologies to enhance its core businesses in green environmental projects. The marketing of algae oil for fuel and its biomass for nutraceutical and animal feed is being developed.
The Company’s wholly owned subsidiary, Applied Concepts for Energy Corp. (ACEC), focuses to provide project development, site management and operation of the project after construction is complete. These projects are for waste to energy, algae growth and development, carbon capture and growing food for human consumption. On October 26, 2011, the Company entered into a joint venture agreement with Eastern Energy Emissions Solutions, Inc. to exploit a sub license for marketing sale and installation of Truck Emissions Control Technologies, Inc. technologies. In November 2010, the Company’s subsidiary ACEC signed two joint venture agreements to further its business operations in algae production and the conversion of waste to energy. None of the divisions had revenue, during the year ended October 31, 2011.

http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=NEGS.PK