WHITTIER, CA--(Marketwired - Jan 4, 2016) - New Generation Consumer Group Inc. (OTC PINK: NGCG)
Dear Shareholder:
Time sure flies! A New Year is upon us once again and for many, it's a time for big celebrations and spending time with loved ones, for others it's about new resolutions and making promises to ourselves to be better than we were the year before. At new Generation Consumer Group, it's about setting positive goals, staying diligent, working hard and achieving greater success.
New Year's brings a clean slate, the ability to start anew. We have the opportunity to look back and evaluate the things that went wrong, could have gone different and even the things that went right. We also delve deeper to determine if there's one area that's stronger in order to grow steadily, and analyze the factors that are impacting the success and how they can be applied to other area's that may not be as strong and alter strategy paths to sustain stability during market turbulence.
We have recognized and determined how well our strategies are working and what needs to be changed in order to reach our goals successfully. We have learned and most importantly, have grown from our mistakes; which is always a positive benefit as we are aware of our responsibilities and recognize that how we proceed will ensure trust and commitment to the growth of our company, to our shareholders, and our customers.
I want my fellow shareholders to rest assured that NGCG has no intention of allowing the hurdles from 2015 to prevent us from capitalizing on and expanding upon our position as an industry leader and innovator. We intend to continue to improve our top and bottom line, and set ourselves on a prosperous future course that builds value, strength, and greater financial gains.
It gives me great pleasure to share our first steps in cementing our plan as we start the 2016-year. Currently we are in the process of returning over 375,000,000 (three hundred seventy-five million) executive shares to treasury. As many of you know, these shares would become available this month. NGCG feels it's in our best interest to stabilize our company foundation and rebuild our credibility with our shareholders and customers. In addition to returning shares to treasury, we will lower the authorized to 600,000,000 (six hundred million) from the current 750,000,000 (seven hundred fifty million). Your continued support and sharing our vision helps us to remain vigilant to positive growth and development.
Management is conscious of how quickly the months seem to pass. We have been entrenched in reviewing our year-end at all once. Moving forward, we will evaluate company goals mid-year. If something is not working, it's at that critical point to be cognizant of time. Allowing time to correct or redirect a potential issue to make a difference sooner, is better than recognizing the situation at the end of the year when it's too late to have an impact on the overall success. If something is progressing, we want to have the ability to enhance it and finish stronger. We understand that goals are not only important to our team efforts, but achieving them gives the reassurance to our shareholders and customers that New Generation Consumer Group is committed to being a business leader. We realize when you can see the progresses that you know you are receiving sound returns on your investment.