FAIRFAX, Va., March 19, 2014 /PRNewswire/ -- Next Generation Energy Corp. (OTCQB:NGMC) announced today its major advancement into the Medical Marijuana industry. Darryl Reed, CEO of NGMC, said the Company's wholly owned subsidiary, NextGen Cannabis Consulting LLC, has entered into a LOI with Highway 2 Health, Inc. (H2H). H2H currently owns and operates three dispensaries in the greater Los Angeles area and has extensive experience in the Medical Marijuana industry. "NGMC is excited to partner with H2H to open its Flagship dispensary in Los Angeles County," Mr. Reed said.
Under the agreement, H2H will provide its medical marijuana management and industry experience, staffing, retail location sourcing, dispensary build out, inventory sourcing, and daily operations. NGMC will provide financial and accounting controls, brand marketing, security and loss prevention, and a full suite of cloud based IT solutions to manage all aspects of the supply chain from seed to sale.
Mr. Reed also said that Next Generation Energy Corp. has reserved the name Next Generation Marijuana Corp. and expects to begin the name change process in the next 30 days.
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
E & E Communications
SOURCE Next Generation Energy Corp.