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September 02, 2015 1:03 AM ET


Company Overview of New Generation Holdings Inc.

Company Overview

New Generation Holdings Inc. is a development stage company. The company through its subsidiaries, develops and markets a proprietary technology designed to process two or more discrete plastic polymers. The company also develops mainframe computer system software solutions in the life cycle management, data warehousing and data modeling sectors. The company was founded in 1996 and is based in New York, New York.

245 Park Avenue

39th Floor

New York, NY 10167

United States

Founded in 1996





Key Executives for New Generation Holdings Inc.

Chairman, Principal Executive Officer, President and Chief Presiding Officer
Age: 58
Interim Chief Financial Officer and Principal Accounting Officer
Age: 58
Executive Officer
Age: 65
Compensation as of Fiscal Year 2015.

New Generation Holdings Inc. Key Developments

SEC Revokes Registration Of Securities Of New Generation Holdings

An Administrative Law Judge issued an Initial Decision in the matter of New Generation Holdings, Inc. The Initial Decision found that the company’s securities registered with the Securities and Exchange Commission (SEC or the Commission) pursuant to Section 12(g) of the Securities Exchange Act of 1934, failed to file required periodic reports, and that the evidence supported revocation of its registered securities as necessary and appropriate for the protection of investors.

SEC Orders Hearing On Registration Suspension Or Revocation Against New Generation Holdings

In conjunction with the trading suspension, Securities and Exchange Commission (SEC or Commission) also instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of New Generation Holdings, Inc. for failure to make required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.

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