New Generation Consumer Group Provides Corporate Update as Due Diligence Advances on Spiritual Glow Acquisition

Company Update - New Generation Consumer Group, Inc. is advancing through the due diligence phase for the proposed acquisition of a 51% controlling interest in the Spiritual Glow digital brand [1] - The company is generating annualized revenue exceeding $1 million, with month-over-month growth between 15% and 20% [3] - Management anticipates significant revenue growth due to new application features, digital upgrades, and strategic marketing initiatives [3] Development and Strategy - The development team is focused on expanding NGCG's digital product offerings to create a unified application that enhances user engagement across platforms [2] - CEO Jacob DiMartino emphasized the acceleration of the development roadmap towards a unified digital ecosystem, reinforcing confidence in revenue growth [4] - The acquisition of Spiritual Glow is expected to enhance NGCG's presence in the digital consumer space and align with its technology portfolio, particularly the RAADR platform [4] Future Outlook - The company will continue to provide updates to shareholders as due diligence progresses and negotiations for a definitive agreement move forward [5] - NGCG's strategy focuses on identifying and acquiring growth-oriented businesses in emerging sectors, aiming for long-term shareholder returns through innovation and strategic partnerships [6]