{"id":534584,"date":"2026-06-08T12:33:19","date_gmt":"2026-06-08T12:33:19","guid":{"rendered":"https:\/\/www.newjerseyheadlines.com\/news\/story\/534584\/24800000-shares-of-stock-cancellation-back-to-company-treasury-for-expanding-specialty-automotive-dealer-with-a-strategy-to-scale-to-200-million-in-annual-sales-newport-gold-inc-nwpg.html"},"modified":"2026-06-08T12:33:19","modified_gmt":"2026-06-08T12:33:19","slug":"24800000-shares-of-stock-cancellation-back-to-company-treasury-for-expanding-specialty-automotive-dealer-with-a-strategy-to-scale-to-200-million-in-annual-sales-newport-gold-inc-nwpg","status":"publish","type":"post","link":"http:\/\/www.northcarolinaheadlines.com\/news\/story\/534584\/24800000-shares-of-stock-cancellation-back-to-company-treasury-for-expanding-specialty-automotive-dealer-with-a-strategy-to-scale-to-200-million-in-annual-sales-newport-gold-inc-nwpg.html","title":{"rendered":"24,800,000 Shares of Stock Cancellation Back to Company Treasury for Expanding Specialty Automotive Dealer with a Strategy to Scale to $200 Million in Annual Sales: Newport Gold Inc. $NWPG"},"content":{"rendered":"<div style=\"float:right;width:250px;padding:8px 10px 10px 10px\"><a rel=\"nofollow noopener\" href=\"https:\/\/www.globalnewslines.com\/uploads\/2026\/06\/1780776377.jpg\" style=\"border:none !important\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-29\" title=\"24,800,000 Shares of Stock Cancellation Back to Company Treasury for Expanding Specialty Automotive Dealer with a Strategy to Scale to $200 Million in Annual Sales: Newport Gold Inc. $NWPG\" src=\"https:\/\/www.globalnewslines.com\/uploads\/2026\/06\/1780776377.jpg\" alt=\"24,800,000 Shares of Stock Cancellation Back to Company Treasury for Expanding Specialty Automotive Dealer with a Strategy to Scale to $200 Million in Annual Sales: Newport Gold Inc. $NWPG\" width=\"225\" height=\"118\" \/><\/a><\/div>\n<div style=\"clear:both\"><\/div>\n<div style=\"font-style:italic;padding:8px 0px\">$NWPG has a 24 Month Strategic Plan Including Uplisting to a Major National Exchange <\/div>\n<ul style=\"text-align: justify\">\n<li><em>Diversified Company Focused on High Growth Opportunities in the Automotive, Data and Digital Technology Sectors.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>Completed Merger with NFI Empire Group of Companies, a Profitable and Rapidly Scaling Automotive Business.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>NFI Empire Generates Over $10 Million Annual Revenue with a Strategy to Scale Beyond $200 Million via Digital Expansion in Varied Automotive Markets.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>The Global Specialty Automotive Sector is Valued Well Over $100 Billion and is Rapidly Expanding.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>Cancellation of up to 24,800,000 Shares of NWPG Common Stock to Strengthen Shareholder Value and Eliminate Dilution Overhang.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>61,000 Sq. Ft. Automotive Campus Fueling 24-Month Expansion Strategy.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>Three Adjacent Facilities Across 20+ Acres Provide Space and Infrastructure to Scale Sales, Production, Digital Operations and Technical Development.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>Disrupting Legacy Sales Models with a Superior, Stage One Hybrid Approach.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>Plans to Accelerate Digital Revenue Growth, Utilize AI at &ldquo;Buyer, Seller, Operator&rdquo; levels, Expand Margins and Strengthen Operational Efficiency.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>Company Objectives Include Uplisting to a Major National Exchange.<\/em><\/li>\n<\/ul>\n<ul style=\"text-align: justify\">\n<li><em>Proprietary Reality-Show Platform for High-Engagement Content with a Demand-Generation and Conversion Engine.<\/em><\/li>\n<\/ul>\n<p style=\"text-align: justify\">Newport Gold Inc. (Stock Symbol: <strong>NWPG<\/strong>) has evolved from its origins in mineral exploration into a diversified company focused on high growth opportunities in the automotive, data, and digital technology sectors. Leveraging its history of identifying and acquiring valuable assets, <strong>NWPG<\/strong> now seeks innovative businesses and technologies capable of delivering scalable growth and strong returns. With a mission to &ldquo;mine&rdquo; global opportunities in the digital landscape, <strong>NWPG<\/strong> aims to drive sustainable value through strategic acquisitions and investments.<\/p>\n<p style=\"text-align: justify\"><strong>NWPG <\/strong>hasannounced a completed a merger with NFI Empire Group of Companies (&#8220;NFI Empire&#8221;), a profitable and rapidly scaling automotive business. NFI Empire generates more than $10 million in annual revenue and operates with a clearly defined strategy to scale beyond $200 million through digital expansion across the specialty, classic, and exotic automotive markets.<\/p>\n<p style=\"text-align: justify\"><img decoding=\"async\" src=\"https:\/\/www.globalnewslines.com\/uploads\/2026\/06\/36d144fc42b95b1236cf87b08fba2c42.jpg\" alt=\"\" \/><\/p>\n<p style=\"text-align: justify\">After evaluating numerous public entities, NFI Empire ultimately selected <strong>NWPG<\/strong> based on its long corporate history and exceptionally clean capital structure; a rarity in the micro\u2011cap public markets. Likewise, <strong>NWPG<\/strong> was impressed by NFI Empire&#8217;s seasoned team of experts and strategic plans for the future. This new structure will provide a strong foundation for institutional\u2011grade growth, capital formation, and long\u2011term shareholder value.<\/p>\n<p style=\"text-align: justify\"><strong>Cancellation of Common Stock to Strengthen Shareholder Value and Eliminate Dilution Overhang<\/strong><\/p>\n<p style=\"text-align: justify\">On June 4th<strong> NWPG <\/strong>announced that it is in final processing of the cancellation of a significant block of Common Stock to be returned to treasury.<\/p>\n<p style=\"text-align: justify\"><strong>NWPG<\/strong> has finalized a previous agreement with the stockholder who is now undertaking the necessary steps for the final cancellation process of up to 24,800,000 shares of <strong>NWPG<\/strong> Common Stock of the Company back to treasury. This action underscores management&#8217;s commitment to the long-term interests of <strong>NWPG<\/strong> public shareholders and reflects their confidence in the Company&#8217;s strategic direction.<\/p>\n<p style=\"text-align: justify\">Highlights and Benefits of Share Cancellation<\/p>\n<p style=\"text-align: justify\">Reduced Float: The permanent retirement of up to 24,800,000 <strong>NWPG<\/strong> shares directly reduces the total number of shares issued and outstanding, increasing each remaining shareholder&#8217;s proportional ownership in the Company.<\/p>\n<p style=\"text-align: justify\">Enhanced Per-Share Metrics: With fewer shares in circulation, key per-share measures, including net asset value per share and any future earnings per share, are positively impacted, reflecting the full value of <strong>NWPG<\/strong> assets across a smaller share base.<\/p>\n<p style=\"text-align: justify\">Founder Alignment with Shareholders: The voluntary surrender and cancellation of these shares by insiders, without compensation, demonstrates a clear alignment of interest between the founding team and the <strong>NWPG<\/strong> public investor base.<\/p>\n<p style=\"text-align: justify\">Elimination of Dilution Overhang: The permanent removal of this share block eliminates potential dilution risk associated with insider holdings, providing greater transparency and confidence to current and prospective investors evaluating the <strong>NWPG<\/strong> capital structure.<\/p>\n<p style=\"text-align: justify\">Signal of Long-Term Confidence: In the OTC, voluntary insider share cancellations are a rare and meaningful gesture. This action reflects the founders&#8217; belief that the <strong>NWPG<\/strong> underlying asset value and potential are best realized by concentrating ownership among committed long-term stakeholders.<\/p>\n<p style=\"text-align: justify\"><strong>61,000 Sq. Ft. Automotive Campus Fueling 24-Month Expansion Strategy <\/strong><\/p>\n<p style=\"text-align: justify\">On June 2nd <strong>NWPG<\/strong> announcedit completed a three-facility campus expansion that brings its total industrial footprint to more than 61,000 square feet across 20+ acres of commercial property in North East, Pennsylvania. The unified NFI Empire Campus positions <strong>NWPG<\/strong> to execute a focused 24-month brick-and-mortar growth strategy while scaling its digital and technical operations in parallel.<\/p>\n<p style=\"text-align: justify\">The <strong>NWPG<\/strong> NFI Empire Campus now comprises three adjacent, purpose-built automotive facilities:<\/p>\n<p style=\"text-align: justify\">The Clubhouse &#8211; 5,000 sq. ft. on 2 acres &#8211; serves as the <strong>NWPG<\/strong> original North East anchor, where NFI established its foundation in sales and high-performance custom builds after relocating from its founding location in downtown Erie, PA.<\/p>\n<p style=\"text-align: justify\">Custom Build &amp; Services Facility &#8211; 25,000 sq. ft. on 15 acres &#8211; functions as the <strong>NWPG<\/strong> NFI operational nerve center, housing its full-service custom builds and vehicle restoration teams.<\/p>\n<p style=\"text-align: justify\">Sales &amp; Technical Development Facility &#8211; 31,000 sq. ft. on 4 acres &#8211; the newest addition, secured via an option-to-purchase agreement executed April 27, 2026. This facility will house the NFI growing marketing, digital, and technical development teams as <strong>NWPG<\/strong> accelerates its online and digital product initiatives.<\/p>\n<p style=\"text-align: justify\">Beyond providing immediate production capacity, the consolidated campus secures the land and facilities required to support the <strong>NWPG<\/strong> NFI broader digital strategy &#8211; including the design, development, and launch of new digital products and platforms. The three-facility footprint is designed to accommodate both near-term sales and manufacturing scale-up and the long-term infrastructure demands of an automotive company operating across physical and digital channels.<\/p>\n<p style=\"text-align: justify\"><strong>2026 Letter to Shareholders Highlighting Growth, Strategy and Future Outlook<\/strong><\/p>\n<p style=\"text-align: justify\">On April 29th <strong>NWPG<\/strong> released its 2026 Letter to Shareholders, offering a comprehensive look at the company&rsquo;s performance, strategic progress, and priorities for the year ahead. In the message, <strong>NWPG<\/strong> leadership reflects on key milestones and outlines the initiatives shaping the next phase of growth. Included in the <strong>NWPG<\/strong> letter was the following commentary:<\/p>\n<p style=\"text-align: justify\"><strong>NWPG<\/strong> is positioning its recent merger company NFI Empire for rapid expansion and long-term value creation within the multi-billion-dollar global specialty automotive markets.<\/p>\n<p style=\"text-align: justify\"><img decoding=\"async\" src=\"https:\/\/www.globalnewslines.com\/uploads\/2026\/06\/b44de53048c6e18b502b077e5bd9636a.jpg\" alt=\"\" \/><\/p>\n<p style=\"text-align: justify\">A Market Poised for Digital Transformation<\/p>\n<p style=\"text-align: justify\">The global specialty automotive sector, valued well over $100 billion<strong> (<\/strong><a rel=\"nofollow\" href=\"https:\/\/www.mckinsey.com\/industries\/automotive-and-assembly\/our-insights\/collectible-cars-from-niche-market-to-growth-and-innovation-engine\">Collectible cars: From niche market to growth and innovation engine | McKinsey<\/a>), continues to experience strong demand for high\u2011value vehicles, offered on a variety of platforms, both physical and digital. Yet despite this size, much of the industry still relies on outdated legacy processes that limit efficiency, reach, transparency, and customer experience. This gap presents a compelling opportunity for innovation, modernization, and scalable disruption.<\/p>\n<p style=\"text-align: justify\"><strong>NWPG<\/strong> and NFI Empire enter this market with a proven, profitable, asset\u2011light operating model. NFI Empire closed 2025 with gross revenue of $10.3M, continued heavy investment in key people, systems, equipment and the development of a proprietary &ldquo;white glove&rdquo; auction platform, while still generating a net profit. A continually developing, vertically integrated platform blends physical infrastructure with digital capabilities, enabling efficient scaling without heavy capital requirements.<\/p>\n<p style=\"text-align: justify\"><strong>NWPG <\/strong>now has a strong brick-and-mortar backbone that serves as the launchpad for digital expansion.<\/p>\n<p style=\"text-align: justify\">Strategic Roadmap and Uplist Plans<\/p>\n<p style=\"text-align: justify\"><strong>NWPG<\/strong> has implemented an aggressive, milestone\u2011driven 24\u2011month strategic plan designed to:<\/p>\n<p style=\"text-align: justify\">Accelerate digital revenue growth.<\/p>\n<p style=\"text-align: justify\">Effectively utilize AI at the &ldquo;Buyer, Seller, Operator&rdquo; levels.<\/p>\n<p style=\"text-align: justify\">Consistently expand margins.<\/p>\n<p style=\"text-align: justify\">Strengthen operational efficiency.<\/p>\n<p style=\"text-align: justify\">Support an uplisting to a major national exchange.<\/p>\n<p style=\"text-align: justify\">A key pillar of our first-year strategy is Empire Rides, the <strong>NWPG<\/strong> proprietary reality-show platform. The goal is to transform authentic, high-engagement content into a demand-generation and conversion engine building audience loyalty, brand credibility and transaction velocity. This approach intends to convert traditional media spend into a direct revenue\u2011generating asset.<\/p>\n<p style=\"text-align: justify\">The <strong>NWPG<\/strong> NFI Empire&rsquo;s hybrid model intends to bridge the traditional &ldquo;onsite&rdquo; and completely &ldquo;offsite&rdquo; worlds, delivering:<\/p>\n<p style=\"text-align: justify\">The trust and quality assurance of physical inspections and operations.<\/p>\n<p style=\"text-align: justify\">The efficiency and reach of digital marketplaces.<\/p>\n<p style=\"text-align: justify\">Improved economics for buyers and sellers.<\/p>\n<p style=\"text-align: justify\">Traditional auction houses and consignors have long dominated high\u2011value vehicle transactions, often imposing:<\/p>\n<p style=\"text-align: justify\">High combined fees (frequently exceeding 25%).<\/p>\n<p style=\"text-align: justify\">Non-refundable charges.<\/p>\n<p style=\"text-align: justify\">Rigid timelines.<\/p>\n<p style=\"text-align: justify\">Seller &ldquo;unfriendly&rdquo; terms.<\/p>\n<p style=\"text-align: justify\">At the same time purely digital platforms offer speed and reach but often lack the trust and quality control that physical oversight provides.<\/p>\n<p style=\"text-align: justify\">With the infrastructure in place, a profitable core business, and a content-driven growth engine, <strong>NWPG<\/strong> is exceptionally well-positioned to capture meaningful market share.<\/p>\n<p style=\"text-align: justify\">Outlook<\/p>\n<p style=\"text-align: justify\">Looking ahead, the <strong>NWPG<\/strong> focus is executing its roadmap with discipline and speed. <strong>NWPG<\/strong> is committed to building a market-leading platform that delivers superior experiences for buyers and sellers while consistently building long-term value for <strong>NWPG<\/strong> shareholders.<\/p>\n<p style=\"text-align: justify\"><strong>For more information on NWPG Visit:<\/strong> <a rel=\"nofollow\" href=\"http:\/\/www.NewportGoldInvest.com\">www.NewportGoldInvest.com<\/a><\/p>\n<p style=\"text-align: justify\"><strong>Email:<\/strong> <a rel=\"nofollow noopener\" href=\"mailto:nwpginfo@gmail.com\" target=\"_blank\">nwpginfo@gmail.com<\/a><\/p>\n<p style=\"text-align: justify\">DISCLAIMER: <a rel=\"nofollow\" href=\"https:\/\/corporateads.com\/disclaimer\/\">https:\/\/corporateads.com\/disclaimer\/<\/a><\/p>\n<p style=\"text-align: justify\"><em>Disclosure listed on the CorporateAds website<\/em><\/p>\n<p class=\"caps\"><span style='font-size:18px !important'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> Newport Gold Inc. (Stock Symbol: NWPG) <br \/><strong>Contact Person:<\/strong> Justin Fried, CEO<br \/><strong>Email:<\/strong> <a rel=\"nofollow\" href='http:\/\/www.universalpressrelease.com\/?pr=24800000-shares-of-stock-cancellation-back-to-company-treasury-for-expanding-specialty-automotive-dealer-with-a-strategy-to-scale-to-200-million-in-annual-sales-newport-gold-inc-nwpg'>Send Email<\/a><br \/><strong>Phone:<\/strong> +1 705-209-4178<br \/><strong>Address:<\/strong>8 Nettleton Court  <br \/><strong>City:<\/strong> Collingwood<br \/><strong>State:<\/strong> ON L9Y 5B9<br \/><strong>Country:<\/strong> Canada<br \/><strong>Website:<\/strong> <a rel=\"nofollow noopener\" href=\"http:\/\/www.NewportGoldInvest.com\" target=\"_blank\">www.NewportGoldInvest.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.getnews.info\/press_stat.php?pr=24800000-shares-of-stock-cancellation-back-to-company-treasury-for-expanding-specialty-automotive-dealer-with-a-strategy-to-scale-to-200-million-in-annual-sales-newport-gold-inc-nwpg\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$NWPG has a 24 Month Strategic Plan Including Uplisting to a Major National Exchange Diversified Company Focused on High Growth Opportunities in the Automotive, Data and Digital Technology Sectors. Completed<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/posts\/534584"}],"collection":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/comments?post=534584"}],"version-history":[{"count":0,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/posts\/534584\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/media?parent=534584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/categories?post=534584"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.northcarolinaheadlines.com\/news\/wp-json\/wp\/v2\/tags?post=534584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}