THERMAL, Calif. -- (Business Wire)
New Global Energy, Inc. (OTCBB:NGEY) announced today the addition of
Drs. John and Susan Woods, principals of Cellulose Systems, (www.cellulosesystems.com)
as its two newest NGEY Advisory Board members.
“To be working with Drs. John and Susan Woods, principals of Cellulose
Systems, (www.cellulosesystems.com)
is a significant milestone for our company. The Woods are among the
world’s foremost plant biologists and have particular expertise in the
micro-propagation of elite species of Bamboo, Moringa and giant reed
grasses,” said Chief Executive Officer Perry D. West.
The Woods’ patented biotechnological processes, called somatic
embryogenesis and organogenesis, meet the challenges of large-scale
propagation and can commercially produce thousands of plants from
laboratory/green houses. In fact, an entire forest of thousands of
hectares can be produced entirely within these facilities. This
breakthrough allows a biomass production of 10 to 25 times that of
forest and can be accomplished worldwide wherever a suitable site is
identified.
“We are very excited to start working with New Global Energy and their
Farm Manager Rocky French, testing our patented technology with Moringa
in the California desert. We believe that there is nothing more cost
effective than creating low-cost fertile cropland where none existed
before," said Dr. John Woods.
About New Global Energy, Inc.
New Global Energy, Inc. is a public company focused on acquiring
high-growth firms, assets and properties in the Green & Renewable Energy
industry. The trading symbol is NGEY traded on the OTCBB. New Global
Energy seeks to provide consumers with solutions that lower energy
costs, create sustainable projects and protect the environment. NGE
seeks to consolidate this highly fragmented industry that grosses in
excess of $5 trillion per year. New Global’s goals are to research,
acquire and develop affordable technologies and properties that
significantly reduce our country's dependency on foreign oil with
renewable energy and create sustainable projects in four technologies of
focus: Aquaculture, Solar, Agriculture, and Biofuels.
Safe Harbor Statement
Matters discussed in this release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. When used in this update, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify
such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed
or implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the
Company and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated with
our history of losses and our need to raise additional financing, the
acceptance of our products and technology in the marketplace, our
ability to demonstrate the commercial viability of our products and
technology and our need to increase the size of our organization.
Further information on the Company's risk factors is contained in the
Company's quarterly and annual reports as filed with the Securities and
Exchange Commission. The Company undertakes no obligation to revise or
update publicly any forward-looking statements for any reason.
Contacts:
for New Global Energy, Inc.
Charlotte Luer, 239-404-6785
cluer@ljhfm.com
Source: New Global Energy, Inc.
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