NXGen Announces Strategic Plan to Enhance Financial Performance
November 28, 2007 7:00 AM ET
Gene Hew-Len, CEO of NXGen, Inc., said today, "Too many small companies get caught up in continued development and never get to market with any product. Although we will continue with limited product development and are presently in substantive conversations with several key development opportunities which may have a significant financial impact, it is our immediate goal at NXGen to continue reaching the market with our commercial fleet operators solutions package of services. This plan will allow the company to directly manage its expenses associated with an existing known market. We are excited about the acceptance of our solutions in the market place and anticipate revenue growth and profits with the sales of the 'Fleet Operators Solutions.'"
NXGen Holdings, Inc., through its wholly owned subsidiary NXGen, Inc., is focused on providing solutions to commercial fleet operators, enhancing their productivity and operating efficiencies. NXGen specializes in the emerging, multi-billion-dollar GPS/telematics industry. NXGen's mission is to become a recognized leader in this industry by aggressively investing in new acquisitions, building strategic alliances and securing strategic partnerships with companies on the cutting edge of the GPS and telematics development -- thereby creating value for its shareholders.
For more sales and product information please visit the company website at www.nxgengps.com or call 360-782-0169.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although NXGen Holdings, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by NXGen Holdings, Inc. or any other person that the objective and plans of NXGen Holdings, Inc. will be achieved. Contact Information: NXGen, Inc. Gene Hew-Len, 360-782-0169