NEW YORK, Feb. 14, 2006 (PRIMEZONE) -- New Generation Holdings, Inc. ("The Company") (Pink Sheets:NGPX) is pleased to announce that its wholly owned subsidiary New Generation Plastic Inc. ("NGP") has been invited to make a technology presentation at The Plastics Recycling 2006 Conference in Orlando.
Patrick A. Sulzer, COO of New Generation Plastic Inc. ("NGP") will deliver a speech, presenting the NGP technology as part of the opening plenary session on February 15th, 2006.
The Plastics Recycling 2006 Conference is among the industry's most comprehensive polymer recovery conferences. Plastics Recycling 2006 will feature extensive and detailed industry assessments, including analyses of trends in the U.S. and Canada, plastics collection issues, recycling market factors, and legislative and policy considerations. NGP understands that approximately 400 executives, government officials and others will be in attendance.
"We're very pleased and proud to be invited by The Plastics Recycling 2006 Conference; it is a result of NGP's technology being recognized as coming to maturity and its readiness for commercialization," Jacques Mot, Chairman, CEO of New Generation Holdings, Inc., commented. "We are taking this opportunity also to announce that NGP intends to start its commercialization phase on U.S. soil. NGP is in the process of finalizing all the necessary elements in order to announce the opening of its first U.S. plant in the near future," Jacques Mot continued. "We expect NGP's commercialization to bring real positive change to the recycling of mixed plastic waste. We believe that plastic waste will transform itself from a complicated polluting waste issue into a profitable closed loop recycling endeavor."
About New Generation Holdings, Inc.
New Generation Holdings, Inc. is a platform to build shareholder value through the acquisition and development of businesses and technologies. The company's present focus is restricted to the plastic industry. The company is incorporated in the State of Delaware (U.S.) and its shares trade on the Pink Sheets market under the symbol "NGPX". New Generation Holdings, Inc. owns New Generation Plastic, Inc. (www.newgenerationplastic.com). New Generation Plastic has offices in New York. New Generation Plastic, Inc. owns and develops a patented and proprietary plastic blending technology. NGP has built several prototypes in France and intends to build its first commercial plant in the U.S.
New Generation Holdings, Inc. 245 Park Avenue, 39th floor New York, N.Y. 10167 Telephone: (1) 212 7924030 Facsimile: (1) 212 7924001 E-mail: info@ngpx.com
The statements contained in this press release of New Generation Holdings, Inc. (the "Company") that are not based on historical fact (including statements regarding proprietary technology) are "forward-looking statements." Such forward-looking statements involve risks and uncertainties, including but not limited to: (i) the Company's operations have been dormant until recently, (ii) the Company's lack of liquidity and need for additional capital which it may not be able to obtain on favorable terms or at all, (iii) the "going concern" qualifications that accompanies the Company's financial statements, which, among other things, may make it more difficult for the Company to raise the additional capital that it requires in order to remain in business, (iv) the substantially greater resources available to many of the Company's competitors, (v) the Company's expectation that it will continue to operate at a loss for the foreseeable future, (vi) the fact that the Company's lack of capital substantially restricts its flexibility and opportunity to increase its revenues, (vii) the importance to the Company that its offerings remain technologically advanced, (viii) risks associated with potential intellectual property claims, and (ix) the impact on the Company's business and industry of general economic conditions and regulatory developments. Such risks and others are and shall be more fully described in the "Risk Factors" set forth in the Company's filings with the Securities and Exchange Commission. The Company's actual results could differ materially from the results expressed in, or implied by, such forward-looking statements.