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CNG Holdings, Inc. Commences Consent Solicitation Relating to Its Outstanding 12-1/4% Senior Secured Notes due 2015

CINCINNATI, May 10, 2010 /PRNewswire via COMTEX/ -- CNG Holdings, Inc.

announced today that it has commenced a consent solicitation relating to its outstanding 12-1/4% Senior Secured Notes due 2015 (CUSIP nos. 12612DAA4 and U17432AA0). CNG Holdings is seeking consents to the proposed termination of the registration rights agreement relating to the notes and, to the extent, if any, determined by CNG Holdings to be necessary or appropriate to memorialize such termination, to amendments to the indenture pursuant to which the notes were issued. The consent solicitation will expire at 8:00 p.m. (New York City time) on May 24, 2010 unless extended (the "Consent Deadline"). Beneficial holders who return their consent to the proposed termination of the registration rights agreement and amendments to the indenture prior to the Consent Deadline will receive a consent fee upon the effectiveness of the proposed termination of the registration rights agreement and amendments to the indenture, if the requisite consents are received.

The terms of the consent solicitation are set forth in the consent solicitation statement dated May 10, 2010. To obtain a copy of the consent solicitation statement, the letter of transmittal and other related materials, please contact D. F. King & Co., Inc., the information agent for the consent solicitation, at (212) 269-5550.

SOURCE CNG Holdings, Inc.

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