NewStream Energy Technologies Group Provides Business Update
Summary
NewStream (OTCMKTS:NSGP) is pleased to announce it has closed the first stage of a private debt round, enabling it to engage its auditors, Malone Bailey, for the completion of its audits and quarterly filings.The consolidation of NewStream into the public company increased the audit requirements of the company which are now more complex. OTC compliance has recently confirmed that the company meets all other qualifying requirements and up listing is expected to be seamless.Management of NSGP and its subsidiaries have been very focused on the commercial side of the business. In addition, NSGP is under MOU with a large food processor for a solution to process all their food waste into RNG.Management has also been working with major banks and financial institutions on predevelopment and project financing. We are also pleased to announce that we have received proposed terms from a major UK-based Financial Institution for $750,000,000 in project financing on what we believe are very favorable terms.The commercial side of our business is extremely strong. We are firming up offtake contracts with credit worthy off takers and are on pace to break ground late Q4 2024.We are looking forward to completing our filings and resuming full trading on OTC markets.