(Source: PRNewswire-FirstCall)
SARANAC, Mich., Aug. 19 /PRNewswire-FirstCall/ -- NXGen Holdings. Inc. (OTC Pink Sheets: NXGH) is pleased to announce that the Company has signed an investment banking agreement with Delaney Equity Group, LLC. Delaney Equity Group is facilitating a $2.5 Million equity line of credit with a private group of investors, which will enable the Company's subsidiary, Green Bridge Industries, Inc., to immediately begin the full manufacturing and production of the ZAP(TM) as well as other Licensed and Private Labeled Stain Remover Pens. As part of its fee, Delaney Equity Group will receive warrants at five and ten cents per share.
The equity purchased, through the equity line, will not be registered and will have a minimum hold period of one year, with NXGen Holdings, Inc., having the option to purchase the stock back at anytime within the hold period.
Delaney Equity Group, LLC is a boutique broker dealer and market making firm specializing in trading Over the Counter, U.S. listed equities and International securities for a select group of hedge funds, professional traders, accredited investors and financial institutions. Delaney Equity Group possesses extensive experience in executing large trades in thin markets with minimal impact and is recognized for providing clients with superior executions, premier trading tools and support and exceptional client service. Delaney Equity Capital Group will also be providing services to NXGen Holdings, Inc., such as advising on the formation and implementation of corporate goals, the financial structure of the Company, reviewing possible joint ventures and/or merger and acquisition candidates, and attending and giving presentations at investor road shows.
"Through its sound business strategy, we believe NXGen Holdings, through its wholly owned subsidiary, Green Bridge Industries, is in the process of becoming a leader in the $17.5 Billion Household and Industrial Cleaning Products Industry," stated David Delaney, President of Delaney Equity Group, LLC.
"The investment banking deal with Delaney Equity Group will enable Green Bridge Industries to begin the full roll-out and manufacturing of our stain remover pen products, as well as facilitate our aggressive sales strategy, which will enable us to fulfill our overall business plan," stated William White, President of NXGen Holdings, Inc.
About NXGen Holdings, Inc.:
NXGen Holdings, Inc. through its wholly owned subsidiary, Green Bridge Industries, Inc. offers non-toxic, environmentally friendly cleaning products to fit the sanitation needs of the medical, agricultural, military, and retail markets. The Company, through its proprietary technology, has the ability to develop natural alternative cleaning products, which are superior to the synthetic products currently offered in the marketplace. The Company's products are safe for the surfaces it cleans, the environment, animals and humans.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
http://www.greenbridgeindustries.com/ Contacts: NXGen Holdings, Inc. Investor Relations 407-389-5900
NXGen Holdings, Inc.
CONTACT: NXGen Holdings, Inc., Investor Relations, +1-407-389-5900
Web Site: http://www.greenbridgeindustries.com/
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