SARANAC – NXGen Holdings has acquired 100 percent of
Vapor Technologies, Inc.’s common stock for $600,000 at $.02 per
share in an all stock transaction. Vapor Technologies is a Nevada
corporation that uses multiple encapsulated vortexes to provide pure fuel
vapors to gasoline and diesel engines to improve combustion efficiencies.
Optimal utilization of the company’s technology will be through its
integration into hybrid engine systems, which allows for a leaner air/fuel
mixture not possible with today’s typical fuel injection systems.
Vapor Technologies will operate as a wholly owned subsidiary of NXGen
Holdings under the management of John L. Brock, who will remain as
President of the subsidiary. Mr. Brock retired from Northwest Airlines
after 38 years. He has an extensive background as a project engineer
developing advanced fuel systems for fuel economy, as well as lowering
emissions. He also directs research and development for Senx Technology LLC
– an automotive diagnostic tool system for engines and fuel injection
systems. Mr. Brock holds four U.S. patents in automated diagnostic tools.
“I am excited about our second acquisition because Vapor Technologies
truly has the ability to make an impact on reducing carbon emissions, while
reducing transportation cost. This definitely falls in line with our stated
objective of being a green company that can have a measurable, favorable
impact on our environment,” stated William White, CEO of NXGen Holdings,
Inc.
“Being acquired by NXGen Holdings will allow us to accelerate the
fulfillment of our business plan and give us additional standing as part of
a publicly traded corporation. I look forward to working closely with NXGen
Holdings to accomplish all of the goals we have set forth,” stated John L.
Brock, President of Vapor Technologies.
NXGen Holdings, through its wholly owned subsidiary, Green Bridge
Industries, offers non-toxic, environmentally friendly cleaning
products to fit the sanitation needs of the medical, agricultural, military
and retail markets. The Company, through its proprietary technology, has
the ability to develop 100 percent all natural cleaning products, which are
superior to the synthetic products currently offered in the marketplace.
The Company’s products are safe for the surfaces it cleans, the
environment, animals and humans.
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