Business
New Generation Consumer Group Announces Shareholder Update
New Generation Consumer Group Announces Shareholder Update.
About this update from New Generation Consumer Group, Inc.
[{"type":"text","content":"\n \n \n New Generation Consumer Group Announces Shareholder Update\n \n \nNew Generation Consumer Group Announces Shareholder Update\n \n WHITTIER, CA--(Marketwired - Feb 1, 2016) - New Generation Consumer Group (OTC PINK: NGCG)\n Shareholder:\n New Generation Consumer Group has been very active since the New Year announcement. Our role here today is to frame the robust strategies we've put into place to deliver the kind of growth you've come to expect from NGCG.\n We believe that a fundamentally important measure of our success is the shareholder value we create over the long-term -- which is why we have slowed down, taken a look from within. It has always been important that we grow steady and stable, but to improve outcomes, we cannot and will not be rushed. We have learned from our mistakes, and moving forward, we will not jeopardize our standards or integrity just to place a product.\n Because of our team and our vision, NGCG is well-positioned to establish the leadership position in the Michelada Cup arena as the potential of this market becomes reality. We are quickly becoming a well-known brand in the Michelada Cup sector. We are achieving our goal to become the most desirable cup as we continue to execute our plan. It has been requested that we offer additional flavors for the Mucho Macho Michelada Cups. I am pleased to announce the other 2 flavors are ready for sale bringing the line to 3 flavors; Original, Lemon, and Spicy.\n Currently, we are anticipating another reorder from the .99 Cent Only Store. We have seen steady success and the reorders are getting bigger. We expect to see many more as we approach beverage season and warmer weather. We have sent 10 pallets to Mr. Mato Distribution in Chicago, another 5 pallets have gone to Solchi Distribution in Las Vegas, and we sent a test pallet to Tennessee. Again, it's about slow and steady progress and calculating our risk, not rushing into where we are unfamiliar and take large chances that can be costly and counterproductive. We don't know how the product will be received in certain areas, so as we continue to test new markets, we will keep you informed of the locations and outcome.\n The team left for Texas last week for a vendor trade show for several of the largest liquor marts and stores to meet with buyers and distributers to carry our products. This is our seco...