FRESH MEADOWS, NY--(Marketwired - June 30, 2016) - Native American Energy Group, Inc. (OTC PINK: NAGP) (the "Company") wishes to notify its stockholders that although it had anticipated becoming current with its SEC filings by June 30th, 2016, it was unable to complete all of its filings by today due to certain time constraints and scheduling conflicts with professional service providers.
The Company's Chief Executive Officer, Joseph G. D'Arrigo, would like to inform stockholders that in addition to engaging the auditing firm of MaloneBailey LLP of Houston, Texas, it is working closely with financial partners abroad in conjunction with accountants and professional advisors to satisfy the various requirements including but not limited to, certain asset valuations and project capital expenditure (capex) budgets that are vital for the accuracy and adequacy of the Company's financial statements.
The Company's Chief Financial Officer, Raj Nanvaan, (currently stationed between the UK and Asia) and Mr. D'Arrigo have been jointly coordinating with everyone to complete these various tasks for the filing of the Company's pending financial statements in succession by/on the next regulatory filing date of August 15, 2016.
In addition, the Company is pleased to report that it is continuing its efforts to retire its outstanding debt. It most recently retired a portion of its outstanding debt and anticipates continuing to retire additional debt in the near future.
Forward Looking Information
Other than statements of historical fact, this release may contain descriptions of the Company's expectations regarding future business activities. These forward-looking statements are made in reliance upon safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Accordingly, actual results may differ materially from those contemplated by the forward-looking statements.