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NX Global, Inc. Announces Asset Modifications
NX Global, Inc. Common Stock (OTCBB:NEGS)
Historical Stock Chart
1 Month : October 2010 to November 2010

NX Global, Inc. (OTCBB: NEGS) announced today modifications to its assets and divisional structure.

The Company has started a new division for corporate management of other companies. This division allows the Company to operate businesses while restructuring them or preparing them for purchase or public offerings on a fee basis. The potential clients are in the core business model that we already operate and may include other types of businesses as may be offered by market conditions. We will likely hold substantial positions in stock but not controlling interest and have membership on the clients' board of directors. The small businesses that we constantly are being presented need assistance in management, governmental compliance, legal, accounting and many other management functions and lack the resources to hire all of the parties necessary to fulfill the needs.

This division does not impede us from actively seeking acquisitions and joint ventures for each of our divisions. This division is expected to enhance our introduction to possible acquisitions and ventures. We expect to be able to manage certain businesses and through that management find additional businesses that want to merge with them and afford them the opportunity for us to change our relationship with them once they reach critical mass and have sufficient business to be of interest to public markets. These companies will issue us first option to purchase them when certain milestones are met.

The agreement between Propalms International LTD and the Company has been rescinded and will not be included in the annual audit.

We have made an investment in ProTek Capital, Inc. of 50,000,000 restricted common shares worth $500,000. We have also purchased 4.95% of the Intellectual Property and common stock of Propalms LTD. These assets provide the opportunity to participate in each of their market spaces and provide services to each of them. We expect our profit from any potential sales of these assets to be greater than the net profits afforded us under the license agreement to market the Intellectual Property.

Messrs. Owen Dukes and Robert Zysblat have resigned as officers and board members. The Company is seeking an additional board member and a new President and expects to complete the search by the end of November. David LaFave has been appointed Chairman of the Board of Directors, making him the CEO as well.

About NX Global, Inc.:



NX Global, Inc. (OTCBB: NEGS) and its subsidiaries are a publicly traded company located in the USA. The company's current focus includes various alternative energy production models to which we provide management services and may be the primary operator of the site's post construction.

Our subsidiaries in the Green IT Division sell, service and train clients' personnel on necessary software to integrate, manage and maintain medium sized IT departments' migration to, plus implementation and maintenance of deployed virtualization, storage and utilization of cloud computing technology.

Forward-Looking Statement: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.

NX Global, Inc.



Robyn Bailey

Global Green Resources

16238 Ranch Road

Suite F-108

Austin, Texas 78717

877 249 9089

Email Contact

http://www.globalgrn.com