On July 11, 2008, New NRG Inc. signed an employment agreement with Mr. Gregory Leigh Lyons, appointing him as CEO and Director of the company. Officers employment pursuant to this agreement will continue for 2 years. Mr. Lyons has spent over 24 highly successful years working in a variety of upper management and executive positions, from the field to the boardroom, for small and large, publicly-traded and private, foreign and domestic Companies. His carefully tailored career has focused on general management, corporate governance, operations, strategic planning, acquisitions and project management. Among the many positions held by Mr. Lyons: Chief Operating Officer of Gas TransBoliviano S.A., Vice President of Exploration and Production, Compania General de Combustibles S.A. in Buenos Aires and director of two natural gas transmission subsidiaries, Vice President of Corporate Development and Director of Planning for Global Natural Resources Inc., and President and Director of Can West Exploration Inc.

On July 1, 2008, New NRG Inc. signed a Joint Venture Agreement with Biofuel Technologies A/S (BFT), to operate in the North American market. The company will focus on the development of projects and sales of technology for digestation of manure and production of methane and ethanol. The basic tenants of the JV are that New NRG Inc. will form a subsidiary which will be owned 75% by New NRG and 25% by Biofuel Technologies A/S. New NRG will fund the US JV company and provide such capital as is necessary to make additional equity acquisitions of technology providers in Europe. BFT will provide such technical expertise as is necessary to engineer, site develop and implement the technologies and provide such ongoing support as is necessary for routine maintenance and oversight. In addition BFT will place two members on the board of the subsidiary, Dr. Torben Bonde and Mr. Ole Kjaergaard. New NRG will place three members on the board which remain unchosen.

Effective on January 29th, 2008 Arthur DeJoya resigned as Chief Financial Officer of New NRG, Inc. Mr. DeJoya felt that the time requirements of his audit practice would not allow him to devote adequate time to the company. Mr. DeJoya has agreed to assist the company as an outside consultant.