New Generation Holdings, Inc. Announces Agreements With Adventagon Holding AB and Tarinfo AB.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--Nov. 1, 2000 New Generation Holdings Concludes Development and Acceleration Investment in Adventagon Holding AB New Generation Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: NGPX), the holding company for New Generation Partners, Inc. (NGP NGP Neo-Geo Pocket (SNK) NGP Nearest Grid Point NGP New Growth Point (UK) NGP National Grid Project NGP Next-Generation Program (fire suppression) NGP Next Generation Product ), announced today that NGP has made an investment in Adventagon Holding AB, an innovative Swedish Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the game production company. The investment will enable the future development and acceleration of the Adventagon business. Philip Linde, Chairman and Founder of Adventagon commented, "This investment from NGP marks a recognition of our unique business proposal, proprietary technology and the commercial progress we have made to date in negotiating television/radio deals." Adventagon develops, operates and licenses cross-platform, interactive entertainment solutions that may include applications for the Internet, television, radio and wireless. Adventagon is creating a 3D Internet/TV game format to be initially sold in Sweden and later abroad. New Generation Holdings Concludes Development and Acceleration Agreement With Tarinfo AB NGP has also made an investment in Tarinfo AB a Swedish business-to-business exchange for companies engaging in international trade. The investment will enable the future development of the Tarinfo site and the acceleration of other value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services. Magnus Andersson
tr.v. quan·ti·fied, quan·ti·fy·ing, quan·ti·fies 1. To determine or express the quantity of. 2. of the EU's common customs tariffs via the Internet. "Tarinfo and Adventagon are investments that we are making in establishing our European Development and Acceleration (D&A) Network for early stage businesses in the Technology Internet Mobile and Entertainment (TIME) market focus." said New Generation Holdings President and CEO Paul Hokfelt. "We are particularly pleased with the efforts of the Swedish office of New Generation Partners Inc. in identifying and securing our position in Tarinfo and Adventagon" he added.
New Generation Partners, Inc. Capitalizes On Its Management's and
Partners' Expertise in North American and European Union Joint
Ventures and the Internet. NGP Serves the Following Sectors:
- US 2 EU migration. NGP offers local expertise in assisting
North American Internet companies to enter European markets
with a retention of control while benefiting from the
expertise, cultural knowledge and capital investment of NGP.
- Early-stage Internet Development and Acceleration (D&A). NGP
is creating a pan-European D&A Network to develop early stage
Internet and technology businesses. Initial network and
corporate facilities have already been established in London,
Geneva, Stockholm and New York City. NGP provides business
expertise and funding to Internet entrepreneurs so that the
entrepreneurs can focus on value creation. NGP services to its
D&A Companies range from assisting with the business plan to
providing seed finance, marketing, human resources, legal and
accounting assistance, as well as consulting and later stage
funding.
Statements in this release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are based on current expectations, and the results, that involve risks and uncertainties, may differ materially from those expected. These forward-looking statements fall within the scope of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21 of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors 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. created thereby. Forward-looking statements include, but are not limited to, those statements regarding management's desire to implement its Internet business plans and could differ materially from those anticipated by the forward-looking statements as a result of certain factors, such as the ability of Tarinfo and Adventagon to successfully accomplish their goals, the Company's ability to successfully complete US 2 EU transactions, establish a successful D&A Network, raise additional capital; changes in market conditions, government regulation, technology, the international Internet industry and the global economy; management of growth and competition. |
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