New Generation Consumer Group Inc (NGCG)

[packerfanbud]

shares were issued to company insiders and are restricted for one year.

As announced earlier today, we have reduced our number of authorized shares to 750,000,000. New Generation Consumer Group currently has 484,608,753 shares outstanding and the public float is 40,880,342. On January 21, 2015 our Board of Directors authorized the issuance of 400,000,000 shares of New Generation Consumer Group common stock to officers, directors, and control persons in lieu of compensation and other obligations. The shares are restricted for one-year from the date of issuance under Rule 144. The information regarding the number of outstanding shares and the float is available on otcmarkets.com and we are in the process of updating the number of authorized shares to show 750,000,000 instead of 2,000,000,000.

http://www.otcmarkets.com/stock/NGCG/news/New-Generation-Consumer-Group-Updates-Shareholders-on-Current-Share-Structure?id=96779&b=y