NWGN NewGen Technologies Inc (CE)

NewGen Technologies, Inc. (OTCBB: NWGN) today announced that, effective September 12, 2005, S. Bruce Wunner, chairman, will assume the position of CEO of NewGen Technologies, Inc. John King, previously NewGen's CEO, has been appointed CEO of NewGen Fuel Technologies, the company's newly-formed international subsidiary designed to pursue overseas opportunities, beginning in Europe. By leveraging John King's extensive international experience, NewGen is better equipped to take advantage of demand trends both domestically and abroad. S. Bruce Wunner, chairman and CEO, stated, "We are pleased to announce John's appointment in this new position, heading up our overseas growth strategy. With funds now in hand, we are in a position to move forward with our development plans to become a leader in the production, processing, and marketing of biofuels. Biofuels are at the cusp of becoming mainstream, commercially-viable alternative energy products due to rising fuel prices and increasing political support. Given such favorable trends, NewGen is in the process of aggressively building a strong foundation for growth within a nascent industry." John King, CEO of NewGen Fuel Technologies, commented, "I am excited to lead NewGen's international operations at this juncture. The opportunities that exist for NewGen's fuel products overseas, particularly in Europe, are quite attractive given stringent environmental regulations and the impact of the Kyoto Protocol. We view international markets as a key part of NewGen's strategy to provide leading-edge fuel technologies that offer greater efficiency and lower pollutants than gasoline or diesel today." About NewGen Technologies, Inc. NewGen's proposed fuel products include proprietary and complex technology, substantially and predominantly derived from petroleum sources, which improves the performance of gasoline and premium diesel fuel, as well as domestically-produced and environmentally-friendly alternative fuels such as Ethanol-based E85 and Biodiesel-based B20. NewGen's technology alters the properties of fuels to allow more complete combustion. This is designed to result in improved miles per gallon and decreased production of carbon monoxide, carbon dioxide, nitrous oxides, particulates and black smoke. The vision of NewGen and ReFuel America, NewGen's wholly-owned US subsidiary, is an America less dependent on imported oil, using fuels which better preserve our most important resources - the air we breathe and water we drink. Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of NWGN could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.