New Generation Consumer Group Provides Corporate Update as Due Diligence Advances on Spiritual Glow Acquisition

Rhea-AI Summary

New Generation Consumer Group (OTCID:NGCG) provided a corporate update on November 25, 2025 as due diligence advances for a proposed acquisition of a 51% controlling interest in Spiritual Glow. Management says the development team is expanding NGCG's digital products to create a unified application to enhance user engagement across platforms.

The company reports annualized revenue exceeding $1 million and month-over-month growth of 15%–20%. Management states planned application features, digital upgrades, and strategic marketing underway could drive further revenue growth over coming quarters. NGCG reiterated the LOI signing for the Spiritual Glow stake and said updates will follow as due diligence and negotiations progress.

Positive

• Annualized revenue exceeding $1 million
• Month-over-month growth of 15%–20%
• Signed LOI to acquire 51% interest in Spiritual Glow
• Development roadmap to build a unified digital application

Negative

• Proposed acquisition is at LOI stage; due diligence ongoing
• Management's projected revenue increases are forward-looking and unproven

PHOENIX, AZ / ACCESS Newswire / November 25, 2025 / New Generation Consumer Group, Inc. (OTCID:NGCG) today issued a corporate update as the Company continues moving through the due diligence phase related to the proposed acquisition of a 51% controlling interest in the Spiritual Glow digital brand.

Management reports that the development team is actively expanding NGCG's existing digital product offerings, with a focus on creating a fully integrated, seamless application that will unify the Company's online presence and enhance user engagement across all platforms.

NGCG further announced that the Company is currently generating annualized revenue exceeding $1 million, with month-over-month growth ranging between 15% and 20%. Based on new application features, planned digital upgrades, and strategic marketing initiatives now underway, management believes revenue growth could increase significantly as these initiatives are deployed over the coming quarters.

CEO Jacob DiMartino commented:

"Our development roadmap is accelerating as we push toward a unified digital ecosystem. The strong revenue growth we're already seeing reinforces our belief that NGCG is moving in the right direction, and we expect our upcoming application improvements to drive even greater expansion."

Reminder: Last Week's Announcement

Last week, NGCG announced the signing of a Letter of Intent (LOI) to acquire a 51% interest in Spiritual Glow, a digital-first wellness and mindset brand. That proposed acquisition is expected to expand NGCG's presence within the digital consumer space and align with the Company's technology portfolio led by its flagship RAADR cyberbullying and online safety platform.

The Company will continue to update shareholders as due diligence progresses and the parties move toward negotiation of a definitive agreement. Follow the Company on X (Twitter) @x.com/sigapps1 for latest updates.

About New Generation Consumer Group, Inc.
New Generation Consumer Group (OTCID:NGCG) is a diversified company focused on identifying and acquiring growth-oriented businesses in emerging sectors. The company's strategy emphasizes building value through innovation, strategic partnerships, and scalable operations designed to deliver long-term shareholder returns

Forward-Looking Statements:
This press release contains forward-looking statements regarding proposed business transactions, anticipated closing timelines, and potential future results. These statements are subject to various risks and uncertainties that could cause actual outcomes to differ materially from those projected. Readers are encouraged to review NGCG's public filings for additional information regarding risk factors and business operations.

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 November 25, 2025 about revenue?

NGCG reported annualized revenue exceeding $1 million with month-over-month growth of 15%–20%.

What is the status of NGCG's proposed acquisition of Spiritual Glow (NGCG)?

NGCG signed a Letter of Intent to acquire a 51% interest; due diligence is currently ongoing.

How might the Spiritual Glow LOI affect NGCG shareholders (OTCID:NGCG)?

Management says the proposed acquisition would expand NGCG's digital consumer presence and align with its technology portfolio.

What product development did NGCG describe in the November 25, 2025 update?

NGCG said its development team is building a fully integrated application to unify its online presence and boost user engagement.

Does NGCG guarantee future revenue growth after the November 25, 2025 update?

No guarantee; management believes upgrades and marketing could increase revenue in coming quarters, which is forward-looking.

Where can investors follow NGCG (OTCID:NGCG) for updates on due diligence and the LOI?

NGCG directs followers to its X (Twitter) account at @x.com/sigapps1 for the latest updates.