Tilapia Production Fully Underway at New Global Energy, Inc.
Thermal, CA -- March 10, 2016 -- InvestorsHub NewsWire
-- New Global Energy, Inc. (OTCQB:
NGEY) ("the Company"), a public company focused on
Aqua-Farming, Agriculture, and Health & Wellness, announced
today that its tilapia season is in full swing and on schedule to
produce record breaking revenue.
At Aqua Farming Tech, NGEs wholly owned subsidiary, there are
two spawning seasons in the Spring and Fall that produce one
million tilapia each that we expect to be a total of two million
annually. This month, the Fall seasons tilapia are coming to full
maturity at approximately one pound each and are preparing to go to
market at $3.60 per pound (delivered) or $3.00 per pound (picked up
at the farm) with price increases expected.
We are very pleased that our tilapia farm operation in the
Coachella Valley is more profitable and sustainable than ever
before, said Chief Executive Officer Perry D. West. As soon as our
tilapia reach full market size we are ready to ramp up sales in
order to meet increased consumer demand for quality seafood. 2016
will be a record year for our farms.
New Global Energys farms are uniquely suited to grow tilapia,
which is a tropical fish, because of the areas warm climate and the
availability of warm fresh water from geo-thermally heated wells.
The companys proprietary fish feeding methodology saves up to 70%
on overall feed costs. The fish are fed nutrient rich algae and
other aquatic plants for their first four months in grow-out ponds
that represent a natural environment.
About New Global Energy, Inc.
New Global Energy, Inc. (www.newglobalenergy.net) is a public
company focused on acquiring high-growth firms, assets and
properties in the Aqua-Farming, Agriculture, and Health &
Wellness industries. The trading symbol is NGEY traded on the
OTCQB. New Global Energy seeks to create sustainable projects and
protect the environment.
Safe Harbor Statement
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E and/or 27E of the Securities Exchange Act of 1934
that are based upon assumptions that in the future may prove not to
have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of
the company and the risks and uncertainties detailed from time to
time in reports filed by the company with the Securities and
Exchange Commission. Statements contained in this release that are
not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Although the company believes that the
expectations reflected in its forward-looking statements are
reasonable, it can give no assurance that such expectations or any
of its forward-looking statements will prove to be correct. Factors
that could cause results to differ include, but are not limited to,
the company's ability to raise necessary financing, retention of
key personnel, timely delivery of inventory from the company's
suppliers, timely product development, product acceptance, and the
impact of competitive services and products, in addition to general
economic risks and uncertainties.
For more information please contact:
Charlotte Luer, Director of Investor Relations
cluer@newglobalenergy.net
239-404-6785
SOURCE: New Global Energy, Inc.