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Newport Gold Inc. reports corporate updates around its transition into a public specialty automotive platform through the completed merger with NFI Empire. NFI Empire operates across classic, exotic, and specialty vehicles, with an industrial, sales, and service footprint that supports automotive builds, vehicle services, and digital expansion initiatives.
Recurring NWPG news includes shareholder letters, change-of-control and OTC Markets updates, strategic partnership activity, and platform-development initiatives such as Empire Rides and the earlier near me™ search, discovery, and website-builder assets.
Newport Gold (NWPG) has engaged a PCAOB-registered accounting firm to audit its financial statements for fiscal years ending December 31, 2024 and 2025.
Completion of these audits is described as the first step in a sequenced plan to move the company’s trading from the OTCID market to the OTCQB Venture Market, once OTCQB eligibility requirements are met, including a $0.05 minimum bid price and specified independent board and audit committee composition. After submitting the OTCQB application, the company plans to prepare and file a Form 10 registration statement with the SEC, which will also require audited financials for three subsidiaries acquired in March 2026. Upon Form 10 effectiveness, Newport Gold would become a fully reporting issuer, with a long-term objective of positioning for a potential uplisting to a national exchange such as NASDAQ or NYSE American, subject to all applicable standards and market conditions.
Newport Gold (OTCID:NWPG) announced it has completed the previously disclosed cancellation of 24,800,000 shares of its common stock, which have been formally returned to the company’s treasury and permanently removed from the issued and outstanding share count, reducing the public float.
According to Newport Gold, the agreement with a stockholder to cancel up to 24,800,000 shares, first announced on June 4, 2026, was executed without any compensation to the cancelling stockholder. Management links this action to its strategic growth plan following the merger with NFI Empire and ongoing expansion across automotive, data, and digital technology operations.
Newport Gold (OTC: NWPG), through its subsidiary NFI Empire, appointed Frank Genovese as Chief Technology Officer to complete and launch its largely built digital automotive marketplace.
Genovese brings 25 years of technology and marketing experience, including seven years as CEO of Paramount Lists and Great Lakes List Management, where he designed custom CRM and web platforms and now works with AI-assisted development and marketing automation.
At NFI Empire, he will refine UI/UX, improve operational efficiencies, build API integrations with other platforms, and deploy AI tools across buyer experience and internal operations, including AI-assisted vehicle inspection and verification. Management highlighted key development milestones: platform-wide UI/UX finalization, external API integrations, rollout of AI inspection tools, and optimization of customer acquisition and conversion ahead of launch.
Newport Gold (OTCID:NWPG), through its subsidiary NFI Empire, announced the launch of Project REBORN, its third custom vehicle initiative to raise funds for The Brett Boyer Foundation, supporting congenital heart disease (CHD) research and the Down syndrome community.
The new build, Project Reborn‑001, combines a 1979 Chevrolet K30 crew cab with a modern GMC Sierra 3500 Duramax chassis, integrating modern drivetrain, suspension and amenities into a vintage-looking truck. According to NFI Empire, its two prior charity builds raised more than $865,000 at auction, including a 1932 Ford Roadster that sold for $365,000 in 2023 and a 1978 “Godzilla” Ford Bronco that sold for $500,000 in 2024. The new vehicle is planned to be auctioned at The Brett Boyer Foundation’s Red Bird Games event in Brentwood, Tennessee.
Newport Gold (OTC: NWPG) reported that during the first half of 2026 it completed a non-cash write-down and removal of approximately $1,233,525 in legacy, pre-merger debt, following creditor consent. According to the company, this adjustment was recorded in its financial statements and reduces liabilities from the pre-acquisition capital structure.
Management states that the change strengthens key balance sheet and equity metrics, lowers potential interest expense, and reduces dilution risk from possible future debt conversions. NWPG plans to use its improved financial flexibility to support scaling of its NFI Empire operations, including digital initiatives and facility expansions at its North East, Pennsylvania campus.
The company highlights NFI Empire’s asset-light, specialty automotive model, which spans custom builds, restorations, consignments, and sales, and notes that NFI Empire generated over $10 million in annual revenue on a full-year basis pre-merger. Newport Gold has ceased mining activities and now operates solely through NFI Empire.
Newport Gold (OTC: NWPG) reported first-half 2026 results reflecting the first full quarter of operations from NFI Empire, its automotive-focused subsidiary formed via a March 2026 reverse merger. For H1 2026, revenue rose 18.4% year-over-year to $5,082,123, while cost of goods sold increased 7.8% to $3,539,551. This drove a 52.9% increase in gross profit to $1,542,572. SG&A expenses grew 25.7% to $1,309,429, reflecting expansion and public-company costs, and net income increased 211% to $233,143. Management highlighted completed build-out of a three-facility, 61,000 sq. ft. campus in North East, Pennsylvania, ongoing development of a proprietary digital auction platform and “Empire Rides” media engine, and the start of an independent audit as a step toward applying to uplist to OTCQB.
Newport Gold (OTCID:NWPG) is finalizing the cancellation of up to 24,800,000 common shares, which will be returned to treasury. According to Newport Gold, this action reduces float, can enhance per-share metrics, eliminates dilution overhang, and aligns founders with public shareholders, as insiders surrender shares without compensation.
Newport Gold (OTC: NWPG), parent of custom automotive brand NFI Empire, has completed a unified three-facility automotive campus in North East, Pennsylvania, totaling over 61,000 sq. ft. across 20+ acres.
The campus supports a focused 24-month expansion strategy, scaling sales, production, and digital and technical operations.
Newport Gold (OTC: NWPG) adopted a comprehensive Social Media Policy effective June 1, 2026. The policy sets strict rules for how officers, directors, employees, and agents use social platforms when discussing the company’s business, financial condition, and operations.
Key areas include designated spokespeople, pre-approval of posts about financial or strategic matters, a ban on disclosing material non-public information (MNPI) before formal newswire releases, Regulation FD compliance, covered platforms, monitoring and enforcement, annual training, record retention, and a list of approved social media links.
Newport Gold (OTCID:NWPG) released its 2026 letter to shareholders outlining the acquisition of the NFI Empire group on March 23, 2026, a 24-month strategic plan to accelerate digital revenue and pursue an uplisting, and operating metrics. For the quarter ended March 31, 2026, NFI Empire operated seven days and reported $189,000 in revenues for that short period; notes show $2,853,218 top-line revenue, $855,284.39 gross profit, and $264,689.18 operational income. NFI Empire closed 2025 with $10.3M gross revenue and operates a 32,000 sq ft physical facility on 15 commercial acres while developing a digital "white glove" auction platform and content initiative "Empire Rides".