NAFTA "Super- Highway"Catalyst to NAEG Growth -- Company Receives Proposal to Manage New Oil Refinery.FOREST HILLS, N.Y. -- Native American Energy Group, Inc. (the "Company" or "NAEG NAEG Nevada Applied Ecology Group ") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets: NVMG) is a publicly traded, independent energy company that, in Aug 2006, announced its initial oil and natural gas production on the Fort Peck Indian Reservation The Fort Peck Indian Reservation lies in northeastern Montana, United States. It is the homeland of the Assiniboine and Sioux tribes of Native Americans. It is the ninth-largest Indian reservation in the United States and comprises parts of four counties. in northeast Montana. The Company announced today that prevailing international, state and local trends favor a more robust energy and economic environment in Montana, especially in the Northeast quadrant, and this, it says is helping to maximize economic development opportunities for NAEG already. Specifically, the proposed NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's "Superhighway" or "International Mid-Continent Trade and Transportation Corridor" as it has been called by the media that is to run through N.E. Montana and that is designed to connect Mexico, Canada, and the U.S. into one transportation system is being seen as a definite catalyst to the Company's growth. As proposed, it is to be a superhighway system four football-fields-wide, like a giant corridor, including high-speed freight rail lines, and pipelines for oil & natural gas laid alongside, running north from Mexico, through the heart of the U.S., passing into and through northeastern Montana and up into Canada that is sure to change the economic landscape wherever it touches. The corridor is said to be necessary to accommodate projected population and trade growth and that it will be beneficial to the economies of the U.S., Mexico and Canada. More in-depth information can be seen in the Jun 12, 2006, HUMAN EVENTS ONLINE article, "Bush Administration Quietly Plans NAFTA Super Highway," by Jerome R. Corsi at the following link: http://www.humanevents.com/article.php?id=15497. The map, which can be viewed separately here, is from the front page of the NASCO NASCO North Atlantic Salmon Conservation Organization NASCO National Account Service Company LLC NASCO National Academy of Science Committee On Oceanography website: (http://www.nascocorridor.com). The mission of North America's SuperCorridor Coalition, Inc. (NASCO) is to develop the world's first international, integrated and secure, multi-modal transportation system, along the International Mid-Continent Trade Corridor This article contains information about a planned or expected future road. It may contain information of a speculative nature and the content may change as the road's construction or completion approaches and more information becomes available. , to improve both trade competitiveness and the quality of life in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . There is no doubt that the NAFTA Super-Highway is the result of long-term planning on a grand scale at the highest levels of the governments of the U.S., Mexico, and Canada; however, though it may be years in the making, the concept of the "superhighway" is having considerable impact today as far as NAEG is concerned in the Company's immediate business environment. The Super-Highway appears to have provided the impetus for the State of Montana to begin gearing up for the increased trade. In what may mark a new and dramatic stage in Montana's development, the Schweitzer administration has been strengthening its commitment to energy development in ways that the State may best capitalize on its rich, natural resourcesC* such as in the governor's coal-to-oil program, and in his push for greater oil & natural gas development, and by his proposal to increase capacity by the building of as many as seven new oil refineries in the northeast portion of the state. These are powerful components whose future will be determined, of course, by finances and politics, but that portend por·tend tr.v. por·tend·ed, por·tend·ing, por·tends 1. To serve as an omen or a warning of; presage: black clouds that portend a storm. 2. a robust growth environment for Native American Energy Group. Native American Energy Group is focused on its acquisition and well-development program in accordance with its business plan. As it stands, NAEG is currently acting on more than 100 bid awards on oil & gas land leases from the U.S. Department of Interior - BIA BIA abbr. Bureau of Indian Affairs (Bureau of Indian Affairs The Bureau of Indian Affairs (BIA) is an agency of the federal government of the United States within the Department of the Interior charged with the administration and management of 55.7 million acres (87,000 sq. ) which are described as, in-process. In addition, the Company announced today that within the last six months NAEG has been approached by a foreign investment group that has proposed financing the construction of a new oil refinery in Northeastern Montana. As a result of on-going discussions, NAEG management has contacted Evan Barrett, Chief Energy Officer of the Schweitzer administration. Native American Energy Group's role would be to manage the facility and is to include part ownership, however, such a development, should it occur, would not trigger a shift from the Company's main focus. About Native American Energy Group, Inc. (OTC Pink Sheets: NVMG) http://www.nativeamericanenergy.com/aboutus.htm (Previous press releases can be accessed on the Investor Relations Investor relations The process by which the corporation communicates with its investors. page on the company website) Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. |
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