New Generation Consumer Group Inc (NGCG)

[maddawg1]

Yeah only after NGCG WAS IN DEFAULT ON THE CONVERTIBLE NOTE[b
(As of September 30, 2014, no payments were made to the Holder and the Company was in default on the Convertible Note.)

(On August 13, 2014, the Company entered into a settlement agreement to dismiss a state court lawsuit with an unrelated party and as a result thereto did issue a Convertible Note in the principal amount of $200,000.00 at 4% per annum with interest whereby the Company was to make monthly principal and interest payments of $17,333.33. As of September 30, 2014, no payments were made to the Holder and the Company was in default on the Convertible Note.)

http://www.otcmarkets.com/financialReportViewer?symbol=NGCG&id=138806