NewGen Announces Completion of Georgia Biodiesel Plant Design

NewGen Announces Completion of Georgia Biodiesel Plant Design
Market Wire (press release) - USA
(OTCBB: NWGN) today announced that it has completed the engineering, design and layout plans for its first biodiesel plant, to be located in Sandersville ...

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CHARLOTTE, NC -- (MARKET WIRE) -- October 03, 2006 -- NewGen Technologies, Inc. (OTCBB: NWGN) today announced that it has completed the engineering, design and layout plans for its first biodiesel plant, to be located in Sandersville, Georgia. This plant, the first of several anticipated in the United States and overseas, will have a total capacity of over 60 million gallons -- making it one of the largest in the country when operational. The engineering and design of the plant was completed by ACTANOL BioEngineering and IPF America, both NewGen subsidiaries. Local support from NewGen's partner on the project, Advanced Biotechnologies, Inc., has also been instrumental in bringing the project together.

NewGen is now in the final phase of securing financing for this facility. The Sandersville plant, located on rail lines and near major transportation hubs including the Port of Savannah and Atlanta, will provide biodiesel for NewGen's ReFuel America fuel terminals in GA, SC and NC, as well as other customers in the Southeast.

"This is a major achievement and marks substantial progress in our plans to build and operate some of the largest capacity biodiesel plants in North America," commented S. Bruce Wunner, CEO of NewGen. "We have engineered this facility to turn out the highest quality biodiesel when it comes online -- producing some of the most efficient biofuels in the industry. When blended at our fuel terminals, utilizing our patented technologies, we will be able to offer superior performance while greatly reducing emissions and harmful pollution-causing byproducts. NewGen's biodiesel plant will be another step forward in providing clean, renewable solutions for America's energy needs."

About NewGen Technologies, Inc.

NewGen's mission is to be a leading manufacturer, processor and distributor of premium biofuels that are intended to dramatically reduce the ecological and economic impact of world petroleum use. NewGen believes that it has developed the cleanest burning and highest performing fuels in the world by utilizing technology that allows for more complete combustion, which NewGen believes will result in improved miles per gallon and significantly decreased harmful emissions, including reduced carbon monoxide, carbon dioxide, nitrous oxides, particulates and black smoke. The company's fuel products include proprietary and complex technology, substantially and predominantly derived from petroleum sources, which are intended to improve the performance of gasoline and diesel fuels, as well as domestically produced and environmentally friendly alternative fuels such as Ethanol-based E85 and Biodiesel-based B20. The vision of NewGen and ReFuel America, NewGen's wholly owned U.S. subsidiary, is a world less dependent on oil, using secure, homegrown fuels which better preserve our most important resources -- the air we breathe and water we drink.

Additional information can be found at the company's websites: www.newgenholdings.com, www.refuelamerica.com, www.actanolbio.com, www.ip-fischer.de, www.newgenasia.com.sg

Investor Information -- To request investor information and attend online corporate meetings, please visit our website at: http://www.b2i.us/irpass.asp?BzID=1316&to=ea&s=0

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of NWGN could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

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Media Contact:
Blois Olson
New School Communications, Inc.
(651) 221-1999
b.olson@new-school.com

Investor Contact:
Chris Witty
Jody Burfening
Lippert/Heilshorn & Associates, Inc.
(212) 201-6609
cwitty@lhai.com

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