Message #17 From:
Stock News Bot Date: January 8, 2007 06:30:00 AM
NVMG News NAEG Receives Invitation From Oglala Lakota Nation
FOREST HILLS, N.Y.--(BUSINESS WIRE)--Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink
Sheets: NVMG), today announced that it has been very graciously extended
an enthusiastic invitation to present an outline and plan of action to
address the drastic housing shortage on the Oglala Lakota Nation by
construction of energy-efficient housing communities on their
Reservation. Eileen Janis, Vice President of the Executive Board &
Director of the Oglala Lakota Nation Housing Committee personally
extended the invitation following extensive talks with NAEG management.
The meeting is scheduled for February 6, 2007 in Pine Ridge, South
Dakota.
CEO, Joseph D'Arrigo stated, “NAEG, of course,
comes equipped with the license it was recently granted and the
technology to build safe, decent, affordable, energy-efficient homes on
all federally recognized U.S. Indian reservations through its
joint-initiative with homebuilder, Eurowest Panel Homes Ltd.”
“We use, and encourage the use of
non-renewable resources, wherever possible, on the reservations such as
oil & gas to fund renewable energy systems that will provide energy and
revenues for generations to come. It is this approach to energy
development in Indian Country that has led to the overwhelming support
for our Company from both U.S. and International Organizations dedicated
to economic development and politicians on both the state and federal
levels,” stated D’Arrigo.
Of all the reservations in the Dakotas, Pine Ridge is the one most noted
on the National level. It is the second-largest Native American
Reservation within the United States, home to approximately 40,000
persons. Unfortunately, according to Oglala Lakota Vice President Eileen
Janis, there is a desperate need for at least 1200 houses and an
extensive waiting list of as many as 15,000 enrolled tribal members
waiting to return to the reservation. The following link to “Life
and Conditions on the Pine Ridge Oglala Lakota (Sioux) Reservation of
South Dakota” is provided for a more complete
reference:
The statistics and demographics below are from this report and give an
idea of how life is on the reservation. As well, it paints a picture of
the potential for housing, energy, etc. for Native American Energy Group.
Housing Conditions and Homelessness
The small BIA/Tribal Housing Authority homes on the Pine Ridge
Reservation are overcrowded and scarce, resulting in many homeless
families who often use tents or cars for shelter. Many families live
in old cabins or dilapidated mobile homes and trailers.
The report also states that 26% of the housing units on the
Reservation are mobile homes, often purchased or obtained (through
donations) as used, low-value units with negative-value equity.
In a recent case study, the Tribal Council estimated a need for at
least 4,000 new homes in order to combat the homeless situation.
There is an estimated average of 17 people living in each family home
(a home which may only have two to three rooms). Some larger homes,
built for 6 to 8 people, have up to 30 people living in them.
Over-all, 59% of the Reservation homes are substandard.
Over 33% of the Reservation homes lack basic water and sewage systems
as well as electricity.
Without basic insulation or central heating in their homes, many
residents on the Pine Ridge Reservation use their ovens to heat their
homes.
Many Reservation homes lack adequate insulation. Even more homes lack
central heating.
It is reported that at least 60% of the homes on the Pine Ridge
Reservation need to be burned to the ground and replaced with new
housing due to infestation of the potentially-fatal Black Mold,
Stachybotrys. There is no insurance or government program to assist
families in replacing their homes.
39% of the homes on the Pine Ridge Reservation have no electricity.
Raj Nanvaan, Chief Financial Officer of Native American Energy Group
wished to make the following statement:
“Over the course of the last 6 years, Native
American Energy Group and its founders have visited many reservations
across the United States and it is living conditions such as these that
have contributed to our ideology of assisting Native American tribes
with their energy needs, and to help them to obtain a state of
independence. Native Americans are the second largest landowners in the
U.S. after the Federal Government. If we help them develop their economy
and satisfy their real needs like housing and health care, this is what
promotes a trustworthy and prosperous relationship between our Company
and the tribal communities, nationwide, and sets the foundation for
further energy development in the U.S., such as Oil & Gas, and the
implementation of renewable energy systems such as Wind, Solar and
Geothermal Energy. The energy created from such systems can provide
energy to the reservations, and the excess energy can be sold to the
local utility, thus creating additional revenue for the tribes and
Native American Energy Group.”
Safe Harbor Statement: This News Release may include
forward-looking statements within the meaning of section 27A of the
United States Securities Act of 1933, as amended, and section 21E of the
United States Securities & Exchange Act of 1934, as amended, with
respect to corporate objectives, projections, estimates, operations,
acquisition and development of various interests and certain other
matters. These statements are made under the "Safe Harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995 and
involve risks and uncertainties which could cause actual results to
differ materially from those in the forward-looking statements contained
herein.
