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New Generation Consumer Group, Inc.
- Market Cap
- Unavailable
- Price
- $0.0005
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 7.2M
About
New Generation Consumer Group, Inc., through its subsidiary Monster Marketing Group, Inc., develops, markets, sells, and distributes consumable products to consumers in North America. The company’s Michelada division offers Michelada Mix under the Mucho Macho brand name; and VIP Spirits division offers liqueur infused vodka in various flavors under the Excuse brand. It serves clients in quick service, fast food, automobiles, and cellular sectors. The company was formerly known as United Music & Media Group, Inc. and changed its name to New Generation Consumer Group, Inc. in October 2014. New Generation Consumer Group, Inc. was incorporated in 1989 and is headquartered in Los Angeles, California.
Quick stats
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Key info
SectorConsumer Defensive
IndustryFood Confectioners
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001061040
Websitehttps://www.newgencg.com
AI Summary
AI-generated1/8
minorneutralm and a
New Generation Consumer Group, Inc. (OTC: NGCG) Signs Letter of Intent for Proposed Strategic Business Combination with Nutrien Mineral Limited
NGCG signed a non-binding Letter of Intent with Uganda-based Nutrien Mineral Limited for a proposed strategic business combination and reverse merger under the NGCG public reporting platform.
Under preliminary terms, NGCG would hold a proposed 51% interest in the combined vehicle, and Nutrien Mineral would receive 5% of NGCG's issued and outstanding shares, subject to due diligence, valuation review, and definitive agreements.
The transaction requires reciprocal due diligence, definitive agreements, and board/shareholder approvals, and the company explicitly cautions there is no assurance a deal will be completed.
Red flags
- LOI is non-binding; deal may never close
- no deal value or financing terms disclosed
- target is a private, early-stage Uganda-based mineral exploration company
- OTC micro-cap combining with foreign mineral assets is a classic reverse-merger/promotion risk pattern
- release references pending Reg A offering, private lender financing, and uplisting plans that remain unsecured