Business
WindPower Innovations Is Now NexGen Holdings Corp
WindPower Innovations Is Now NexGen Holdings Corp.
About this update from Cyber Enviro-tech Inc.
[{"type":"text","content":"\n \n \n WindPower Innovations Is Now NexGen Holdings Corp\n \n \nWindPower Innovations Is Now NexGen Holdings Corp\n \n QUEEN CREEK, AZ--(Marketwired - Jan 14, 2014) - WindPower Innovations, Inc. (PINKSHEETS: WPNV) announced today that it had changed its name to NexGen Holdings Corp and that FINRA had granted NexGen Holdings the new trading symbol \"XGEN\" (PINKSHEETS: XGEN) and the Company began to trade under the new symbol on January 10, 2014. \n John Myers, CEO of NexGen Holdings, Inc., commented,\" As our Company has grown outside the wind power or renewable energy portion of our business and is developing into a true holding company, we needed a name that identified with our business plan.\" \n Charles Brown, non-executive director of Company, said, \" The Board wanted a name that could be branded across a broad range of industries, and yet be one that would identify with our renewable energy roots and consumers would acknowledge as a company that uses 21st century technology to bring top quality products and services to market. I think be achieved that with NexGen Holdings, Inc.\"\n Steven Vollaro, President of our Cameo Division, said, \"Our new name is brand-able across all of the industries we are in. Our Logo is clean, contemporary and crisp. We can use the same logo with a different name for the specific division and slightly different colors and yet have all the logos quickly identifiable as part of NexGen Holdings, Inc.\"\n The Company also announced that GearStar had received an unsolicited offer from a major parts supplier and the Board has elected not to enter in to a bidding war for GearStar having determined that it is not in the best interest of shareholder value to pay a higher price than originally offered. The Company will re-visit this potential acquisition in the event that the unsolicited offer falls through. The Company is pursuing other potential acquisitions that the Board believes may represent better value to our shareholders. \n John Myers added, \"With our Company's growth and the many better opportunities and acquisitions available to us it makes sense not to get into a bidding war for GearStar. Our current share structure and earnings per share afford us the ability to continue to grow through acquisitions.\"\n The Company intends to create a new website utilizing the NexGen Holdings...