NXGen Enjoys Monetary Infusion

NXGen, Inc. has announced they have obtained a commitment, of $1.65 million in equity financing over the next twelve months. Gene Hew-Len, CEO, stated, "We are extremely pleased to obtain this financing as it will permit NXGen to fully implement our sales program during the next year. We have identified a substantial number of potential customers which integrate with NXGen’s service offering. Thus far, we are very enthusiastic about customer responses in the early stage of our sales program and remain confident NXGen will be profitable in fiscal 2008. The $1.650 million in equity is a critical step toward the fulfillment of our corporate vision."




NXGen Holdings, Inc., through its wholly owned subsidiary NXGen, Inc., is focused on providing solutions to commercial fleet operators, enhancing their productivity and operating efficiencies. NXGen specializes in the emerging, multi-billion-dollar GPS/telematics industry and is investing in new acquisitions, building strategic alliances and securing strategic partnerships with companies on the cutting edge of the GPS and telematics development—Bremerton, Washington