NewGen merges with Prolong

By | December 01, 2005
In late October, NewGen Technologies Inc. announced the signing of a letter of intent to merge into Prolong International Corp., a maker of proprietary lubricants and fuel additives. The company will take the name NewGen Technologies and operate through two subsidiaries: ReFuel America Inc. and Prolong Super Lubricants Inc. The company will trade on the American Stock Exchange. North Carolina-based NewGen intends to be a producer and distributor of biodiesel.
 
 
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