|By Marketwired .||
|July 22, 2014 10:23 AM EDT||
MESA, AZ--(Marketwired - July 22, 2014) - NexGen Holdings, Inc. (PINKSHEETS: XGEN) announced today that it has entered into a joint venture agreement with SpaMan Spas of Arizona the state's oldest and largest Acrylic spa dealer and one of the top dealers in the country.
Under the terms of the agreement Paddock will become a SpaMan dealer and will carry the following top brands at the very best prices: Bull Frog, Cap Spas, SpaMan, Viking and La-Z-Boy. Paddock gains the 35 year experience and buying power of SpaMan. The deal does not prevent Paddock from carrying other brands and will enable Paddock to sell more Spas, at lower prices, with greater margins than before.
John Myers, CEO of both NexGen Holdings and NexGen Pools and Spas, stated, "This is a 'win-win' deal for both companies. SpaMan was looking for a north Scottsdale location and we wanted to team up with someone with the experience and buying and selling power of SpaMan."
Roger Abdin, CEO of SpaMan Spas, said, "Paddock is an iconic swimming pool brand and we are the State's leader is Acrylic Spas, it's a perfect fit to further develops both brands."
Steven Vollaro, Director of Sales for both of NexGen's swimming pool companies, said, "I am thrilled to be able to offer over 15 of the best selling Spas on the market. By combining with SpaMan we can continue to offer our customers the quality that Paddock has built its brand with while being able to do it at even better prices.
Steven continued, "Paddock has not had a spa line for quite a few years but as a SpaMan dealer Paddock hopes to regain its leadership role in this market and again sell over 130 Spas per year, or more from its Scottsdale location and generate at least another $1.2 million in annual sales."
About NexGen Holdings, Corp.
NexGen Holdings, Corp. is a public holding company that is an acquirer and operator of fundamentally sound subsidiaries that are market accepted, scalable and demonstrate a quantifiable value proposition. To enhance shareholder value our focus is on establishing a foot print in a specific industry through the acquisition of a subsidiary that has strong market presence, brand awareness, talented and dedicated management teams with the potential to achieve exceptional performance over time. Once acquired these companies can expand through additional acquisitions, aggressive marketing and access to our operational support, management approach, and ability to access financial markets for operational and growth capital to build a market leader. NexGen Holdings, Corp. currently has two subsidiaries: WindPower Solutions Inc., which repairs and remanufactures wind power turbines and solar power plants for operators across the U.S., and NexGen Pools and Spas, Inc., which operates Cameo Pools & Paddock Pools, that builds and renovates swimming pools and markets outdoor products to consumers in the Phoenix, Arizona Metropolitan Area. -- For more information go to our websites at: www.wpienergy.com, www.cameopools.com, www.paddockpools.net
About Spa Man and Spas of Arizona
Over 35 years ago our CEO Roger J. Abdin started Acrylic Spas of Arizona as a family business, which it remains today. The Company has grown by focusing on offering its customers the best spas and accessories at the best prices, which are sold and installed by knowledgeable and caring professionals who deliver superior service. This simple philosophy has allowed the SpaMan brand to be recognized as the leader and allowed us to grow to become the largest acrylic spa dealer in both Arizona and the world. Today we carry our own line of quality spas under the widely recognized SpaMan brand as well as the very best from Cal Spas, Viking, Bullfrog, and La-Z-Boy. WE believe that no-one has a better selection than SpaMan! For more information or to find a location near you visit our website at www.acrylicspasaz.com
About Paddock Pools.
Paddock Pools, a NexGen Company, has been a recognizable brand in the Arizona swimming pool market since 1958. Through the years, by focusing on quality, Paddock has built pools for many of the large resorts including the popular area water parks and over 100,000 residential pools. The Company offers a full product line including Backyard furniture, spas, fire-pits and new and remodeled swimming pools. Customers can also purchase their pool supplies at the store or online. Paddock also offers swimming pool maintenance and repair services. Let our experience go to work for you! Paddock- The relentless pursuit of customer satisfaction! For more information visit our website at www.paddockpools.net.
About Cameo Pools
Cameo Pools is, a NexGen company, that focuses on delivering to consumers the 5 (five) essential elements for a successful "backyard" experience; Water, Fire, Food, Furniture & Music as it has for over 37 year old, with such well known-quality brand names as Cameo Pools, Cameo Landscaping, & Cameo Solar. As the oldest swimming pool builder in Mesa, Arizona Cameo has been committed to excellence for so long that we are able to offer a valuable lifetime warranty on the hand-crafted products we create for our customers. Cameo repairs, maintains designs and installs swimming pools, water features, spas, outdoor furniture and landscaping and solar options. For more information, go to our website at: www.cameopools.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding NexGen Holdings, Inc. expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon current information available to NexGen Holdings, Inc.'s management as of this date. The business and operations of the Company are subject to substantial risks which increase the uncertainty that forward-looking results will be achieved and actual events or results may vary materially as a result of various important factors including those which management has little or no control. 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.
Investor Relations Information:
Phone Number: 407-518-1010
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