Risi,
Apparently I was reacting to a different NXgen.
NXgen Holdings was the previous name of Green Bridge.
The original SB-2 registration statement of Spongetech refers to Nexgen Acquisitions, which later changed its name to Spongetech.
"We are a Delaware corporation which, under the name Nexgen Acquisitions VIII, Inc., on July 15, 2002, entered into a stock purchase agreement with RSI Enterprises, Inc., a New York corporation, and its sole stockholder, RM Enterprises International, Inc. We were not engaged in any business prior to the acquisition of RSI. The acquisition agreement provided that RM transfer the capital stock of RSI for 12,000,000 shares of our common stock. On October 4, 2002, RSI amended its certificate of incorporation to change its name to Spongetech International Ltd. On October 9, 2002, we changed our name to Spongetech Delivery Systems, Inc."
Guess it's just a happy coincidence.