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AugustaFriends

06/18/12 9:15 AM

#209811 RE: Wait2C #200634

New Energy Systems announces that Chairman and CEO Weihe Yu has purchased ~$360,000 of common stock with his personal funds (NEWN) 0.72 : "My decision to purchase our stock with my personal funds reflects my confidence in the Company's outlook," stated Mr. Yu, Chairman and CEO of New Energy Systems Group. "While we have faced several challenges recently, I remain steadfast in my commitment to improve our results."