New Generation Consumer Group, Inc. (NGCG) Signs Consulting Agreement to Launch New AI Line of Business Targeting Immediate Revenue Opportunities

Rhea-AI Summary

New Generation Consumer Group (NASDAQ:NGCG) entered a consulting agreement on February 19, 2026 to develop and launch a new AI line of business focused on generating near-term revenue opportunities. The consultant will help identify, structure, and execute commercialization, customer outreach, and go-to-market activities.

The company said it aims to build scalable, technology-enabled business lines on an accelerated timeline and will provide updates as milestones and specific revenue initiatives are finalized.

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PHOENIX, AZ / ACCESS Newswire / February 19, 2026 / New Generation Consumer Group, Inc. ("NGCG" or the "Company") today announced that it has entered into a consulting agreement to support the development and launch of a new artificial intelligence ("AI") line of business designed to generate near-term revenue opportunities for the Company.

Under the terms of the agreement, the consultant will work closely with NGCG to identify, structure, and execute strategic AI initiatives. These efforts may include commercialization planning, customer and partner outreach, operational implementation, and go-to-market execution. The Company expects to provide additional updates as key milestones are achieved and specific revenue initiatives are finalized.

"NGCG is focused on building scalable, technology-enabled business lines capable of producing revenue on an accelerated timeline," said a Company spokesperson. "This consulting agreement supports our objective of rapidly developing an AI-focused business vertical while maintaining flexibility to pursue multiple high-probability revenue pathways."

Further details regarding the engagement, including initial initiatives under evaluation and progress toward commercialization, will be released as appropriate in the coming days.

About New Generation Consumer Group, Inc. (NGCG)

New Generation Consumer Group, Inc. is focused on identifying, developing, and scaling innovative business lines, with a strategic emphasis on technology-enabled and high-growth market opportunities.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the anticipated development and launch of a new AI line of business; the potential for immediate or near-term revenue generation; and the Company's ability to identify, structure, and execute revenue-producing initiatives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. Such risks include, but are not limited to, the Company's ability to execute its strategy, changing market and competitive conditions, customer adoption, regulatory considerations, and other risks described from time to time in the Company's public disclosures. The Company undertakes no obligation to update any forward-looking statements except as required by law.

Contact:
Investor Relations
New Generation Consumer Group, Inc.
Phoenix, Arizona
Email: InvestorRelations@ngcg.com

SOURCE: Signature Apps

View the original press release on ACCESS Newswire

FAQ

What did NGCG announce on February 19, 2026 about an AI business?

NGCG announced a consulting agreement to launch a new AI line of business aimed at near-term revenue. According to the company, the consultant will help identify initiatives, support commercialization planning, customer outreach, operational implementation, and go-to-market execution.

How will the NGCG consulting agreement support commercialization of AI initiatives?

The agreement funds consulting support for commercialization planning and go-to-market execution. According to the company, the consultant will structure initiatives, pursue customer and partner outreach, and assist operational implementation to accelerate revenue generation.

Does the NGCG announcement specify revenue targets or timelines for the AI line?

No, the announcement does not specify numeric revenue targets or fixed timelines for launch. According to the company, updates will be provided as key milestones are achieved and specific revenue initiatives are finalized in the coming days.

What roles will the consultant perform under the NGCG agreement?

The consultant will identify, structure, and execute strategic AI initiatives and support commercialization activities. According to the company, tasks include customer and partner outreach, operational implementation, and go-to-market execution to pursue near-term revenue pathways.

Will the NGCG AI initiative immediately affect shareholders or stock metrics?

The announcement does not report immediate effects on shareholders or specific stock metrics. According to the company, the engagement focuses on developing scalable, revenue-focused AI business lines and will include further updates when milestones and initiatives are concrete.