Business
United Music and Media Group Announces Name Change to New Generation Consumer Group, Inc. and 1-for-1000 Reverse Stock Split
United Music and Media Group Announces Name Change to New Generation Consumer Group, Inc. and 1-for-1000 Reverse Stock Split.
About this update from New Generation Consumer Group, Inc.
[{"type":"text","content":"\n \n \n United Music and Media Group Announces Name Change to New Generation Consumer Group, Inc. and 1-for-1000 Reverse Stock Split\n \n \nUnited Music and Media Group Announces Name Change to New Generation Consumer Group, Inc. and 1-for-1000 Reverse Stock Split\n \n WHITTIER, CA--(Marketwired - Nov 5, 2014) - New Generation Consumer Group, Inc.(PINKSHEETS: NGCG) (the \"Company\" or \"NGCG\"), announced today the Company has effectuated a 1 for 1,000 share reverse stock split and the merger, which was effective on Monday, November 3, 2014. \n The Board and a majority of the Company's shareholders approved the reverse stock split on a 1 share per 1,000 basis. As a result of the reverse stock split, every 1,000 shares of the Company's common stock that were issued and outstanding immediately prior to the opening of trading on November 3, 2014, will automatically be combined into one issued and outstanding share without any change in the par value of such shares. The Company plans to file all quarterly reports and other updates on OTCMarkets.com.\n Additionally, the Company announced the completion of a merger with New Generation Consumer Group, Inc. New Generation Consumer Group retails its two flagships brands, which are Mucho Macho and Excuse. NGCG's Mucho Macho Division features \"Mucho Macho\" Michelada Mix as its feature product, to be followed up with several new \"Mucho Macho\" crunchy snack mixes like spicy mixed nuts and spicy \"Mucho Macho\" Beer.\n VIP Spirits will feature its featured product and brand with a line of premium Spirits retailed under the \"Excuse®\" brand. Excuse is being marketed as a Top Shelf Liqueur infused Premium Russian imported Vodka in a variety of different flavors. Following in the footsteps of \"Excuse\" Vodka, we plan to launch \"Excuse\" Whiskey, made with American Premium Blended Whiskey.\n Monster Marketing is the markeing and advertising arm of the Company. NGCG's management team has over 40 years of combined marketing and advertising experience and has designed and implemented programs for McDonald's franchises, Sees Candy, Krispy Kreme Doughnut franchises as well as BMW and Mercedes-Benz dealerships. Monster Marketing provides graphic design, web development, brand management, and various other services to its clients and helps them get more customers, increase sales, sell a pro...