New Generation Consumer Group Inc (NGCG)

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NGCG WEBSITE ALREADY POSTED FAQ !!

http://www.newgencg.com/faq/


FAQ


Phone conference with new CEO on 04/14/16



1. Is any update to the China deal
a. China Deal is Dead

2. Progress of our commercial
a. The hemp life commercial is dead

3. Current status of the share structure
a. Updated numbers will reflected on the OTC website and 2016 1Q financials

4. When is Audited Financials coming?
a. Should be out by 4th qtr 2016. Audited financials are not a priority at this present moment, producing our products are. We have an auditor and will proceed with the filing of the S1 in 4th Q

5. Can we get a product locator on NGCG website, so we can see the locations of Mucho Macho Cups at stores?
a. Previous management who ran the company last year had no follow up or follow through. Once we receive these locations from the distributors, we will provide the locations on our Website.

6. What are the sales numbers on Cups?
a. Under previous management during the 2015 year, approximately 160,000 units were sold. Within the 2 weeks under my leadership, we have already sold 140,000 units.

7. How many stores currently carry Cups?
a. 250 locations

8. How soon before additional products arrive at brick and mortar locations?
a. 3rd Qtr

9. Are the Hemp beverages and Hemp infusers still a priority and what is your perspective on a realistic launch date?
a. Our Hemp products are very much a priority, but our entire hemp line is being redeveloped. The hemp infusers are no longer a part of our product line up. We will have our first announcement on our new hemp product within the next 2 weeks

10. With the absence of Calvin Ross going forward is the Excuse Vodka line something NGCG is passionate about and/or have the rights too?
a. We have on-going negotiations for distribution/ and licensing and will disclose more information once a final agreement is in place.

11. Will NGCG need to pay Monster Marketing for everything that needs to be completed going forward? Won’t that be incredibility expensive?
a. Monster Marketing Group will no longer be a part of NGCG, and we have released Monster from the company.

12. Does NGCG have any plans to overhaul the website? The website has such old information in it that it’s almost misleading in some areas.
a. Yes – as new products come in, the website will be updated

13. I haven’t seen Anthony Sykes in any recent documentation. Is he still the CFO and if he is what is the reason to be file late the last four times?
a. Mr. Sykes is still the CFO. Any changes to office will be announced. I cannot comment on why previous management filed late

14. Without the proper bandwidth of personnel how will NGCG get any traction selling products throughout the United States?
a. We will address it as each product is released

15. This NGCG Co-Venture with Equus was quoted as “unheard of in the OTC”. We haven’t heard a word about it. #isitreal?
a. This is now a dead deal

16. Des Woodruff and Ken Shamrock have been silent. Update?
a. All parties have separated amicably.

17. Investors saw social media with NGCG personnel at a coffee house six months ago. Have these plans dissolved?
a. Yes

18. Investors normally don’t like investing in OTC due to lack of trust and transparency. NGCG investors are looking for this. What are your plans to build that trust and transparency?
a. If I announce something is going to happen it will happen

19. Is NGCG going to be attending Trade Shows to get out in front of the public? Big name Trade Shows.
a. Yes, when we have enough product

20. Where did the 250 million shares come from to return to treasury? What are the plans for disposition of the 250 million shares?
a. Shares were voluntarily returned to treasury as part of the agreement for new ownership.

21. It was stated that NGCG was going to reduce the A/S from 750 million to 600 million but oddly the O/S is shown as 705,127,370 shares on the OTCM – what kind of share structure magic will be needed to make that happen?
a. I will not be held accountable for any prior management mishaps or announcements. Updated numbers will be reflected in company’s 2016 1Q financials and OTC

22. It was stated in a press release, “Terms included the buyout of Calvin Ross’s position, transferring complete ownership to Mr. Tom Kim.” – what are the details of “transferring” ownership from Ross to Kim. Did Kim purchase the 170 million shares from Ross and at what price and can Kim verify this transaction.
a. This was a private transaction. I hold all the preferred voting shares and Calvin Ross has resigned. Proof of that will be included in the 2016 1Q financials.

23. What happened to the Vican Foods Inc. $500,000 investment?
a. Vican will be used as our finance partner in the future if needed

24. Kim, let’s talk about the audited financials and filing a S-1 registration statement. You will have to provide several years of audited financials since the company has been dark since 2005. You do understand that it is unlikely you will file a S-1 and even more unlikely that the S-1 will pass comments from the SEC. What are your plans – when will the audited financials be available? Who is the Auditor and do they have all of the information at this time to do a audit.
a. This is an untrue statement. Fortunately we have an SEC attorney who is guiding us through this process.