SNM Global Holdings (SNMN)

[JrTrader]

*** Merger Info ***

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AUSTIN, TX -- (Marketwire) -- 11/04/10 -- 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 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.: