Refuel America chain to open 14 biofuel stations in Charlotte area
NewGen Technologies, Inc. ("NewGen") (OTCBB: NWGN) today announced that they have completed a Strategic Agreement with Granite Group Chicago, LLC ("Granite") for the exclusive rights to develop an innovative gas station convenience store prototype design and the rights to immediately begin development of a minimum of 14 retail locations over the next two years in the Charlotte, North Carolina market.
"This relationship with Granite Group is exciting as it gives us the ability to immediately begin the development and rollout of our 'ReFuel America' branded locations," said NewGen Chairman and CEO Bruce Wunner. "This agreement will provide us with the capital and expertise to develop an innovative, renewable fuel-focused concept location with an initial launch targeted for the Charlotte market."
"Granite will assist with the acquisition and development of attractive real estate in prime locations for our next generation retail branded outlets." Wunner added. "Launching the ReFuel America brand in these locations gives us a unique opportunity to supply our own biofuel (ethanol and biodiesel) products to consumers, blended at and distributed from our own local fuel terminals. As with our previous announcements on the production and supply of biofuels by NewGen Biofuels to APPCO and other customers, our ReFuel America locations further completes our 'Fields-to-Wheels™' supply chain, delivering competitively-priced premium blended biofuels to the market."