September 17, 2015
New Global Energy, Inc. (OTCBB: NGEY), a public company focused on Aqua-Farming, Agriculture, and Health & Wellness.
It has had a busy month since our last shareholder letter. This week we launched a new website (www.newglobalenergy.net) featuring a bi-monthly Fish & Farm Report that tracks trends in various regions of the world, including the growth of sustainable seafood, consumer health and agriculture.
In addition to the Fish & Farm Report, the new website features content related to the company’s business activities, management team, and news related to acquisitions that will continue to positively impact the company’s profitability.
New Global Energy’s intent is to increase awareness of the importance of healthy, sustainable fish farming that results in high-quality ‘certified and approved’ seafood. In addition, we will report on timely issues related to agriculture including the health benefits of the superfood Moringa and medical marijuana, which represent two areas of growth for our company this year.
Fast growing global interest in the aquaculture industry supports New Global Energy’s commitment to expanding its sustainable fish farms. Indeed, aquaculture is an integral part of the company’s long-term growth strategy – and for good reason.
This summer, for example, Cargill Inc. agreed to spend $1.49 billion to buy a Norwegian fish-feed producer in a deal that represents its interest in the rapidly growing aquaculture business. The purchase positions Cargill as a leader in supplying food for fish farms as the company steps up activity in the industry.
“Fish is going to be an increasing part of the global provisioning of protein,” Marcel Smits, Cargill’s chief financial officer, said in an interview with the Wall Street Journal. “We have every intention of playing in that domain.” His sentiments were echoed by Cargill President and CEO David MacLennan who said, “The acquisition is a strategic investment in our long-term growth and evidence of our commitment to the growing aquaculture industry.” 1
In 2011, global production of farmed fish outpaced beef for the first time in history, according to the Earth Policy Institute. This is due, in part to concerns about eating red meat, which is often associated with saturated fat and bad cholesterol. Fish, on the other hand, continues to increase in popularity as the healthy protein of choice.
Even the World Bank applauds fish farming as a means of feeding an expected global population of 9 billion by 2050. According to a recent report, “… fish can play a major role in satisfying the palates of the world’s growing middle income group while also meeting the food security needs of the poorest. Already, fish represents 16 percent of all animal protein consumed globally, and this proportion of the world’s food basket is likely to increase as consumers with rising incomes seek higher-value seafood and as aquaculture steps up to meet increasing demand.” 2
And according to the NOAA, the need for seafood is critical. “America’s aquaculture industry (both freshwater and marine) meets only five to seven percent of U.S. demand for seafood.” 3
Fortunately, New Global Energy’s Aqua Farming Tech business in California’s Coachella Valley owns three wells that produce all of the water the aquaculture business will likely ever need so California’s well publicized issues related to the drought are not an issue for the company. In addition, the fish on New Global’s farms are fed the superfood Moringa which adds to their nutritional value.
We invite you to view our new website at www.newglobalenergy.net. While there, please be sure to update your contact information so we can deliver important shareholder updates to you in a timely manner.