NewGen Reports on Status of Strategic Initiatives.

Publication: Business Wire

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COPYRIGHT 2006 Business Wire

NewGen's Internationally Renowned Management Team Poised to Become a Global Fully Integrated Manufacturer and Distributor of Premium Biofuels Thru Organic Growth and Strategic Acquisitions

CHARLOTTE, N.C. -- NewGen Technologies, Inc. ("NewGen") (OTCBB: NWGN) today reports on the status of its strategic initiatives.

NewGen's mission is to become the leading global "fully-integrated" manufacturer and distributor of premium biofuels to dramatically reduce the environmental and economic impact of world petroleum use - in the automotive, aviation, marine, rail and power generation sectors.

NewGen has developed a unique and unprecedented business strategy for a biofuel company "From the Fields to the Wheels" - integrating into existing traditional petroleum hydrocarbon infrastructure a number of essential elements to ensure the emergence of a biofuel industry on a scale where it...

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