RE Company Reduces Shares

April 3, 2003 [SolarAccess.com] NuEnergy Group, Inc.’s founder Hector M. Guevara, has retired 20 million common shares out of his personal holdings of 42,693,250. This shareholder friendly action effectively reduces the company’s issued and outstanding common shares from 60,550,000 to the now current 40,550,000. Additionally, the company’s Board stated it has retained the SEC-qualified CPA firm of Malone & Bailey, PLLC as independent auditors. NuEnergy is a manufacturer, distributor, consulting, and research and development firm specializing in alternative energy products. The company owns and controls the intellectual property, patent, development, marketing and distribution rights to multiple alternative energy products including the patent pending Thermal Electric Generator (TEG).
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