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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950129-06-009808.txt : 20061120
<SEC-HEADER>0000950129-06-009808.hdr.sgml : 20061120
<ACCEPTANCE-DATETIME>20061120164913
ACCESSION NUMBER:		0000950129-06-009808
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20061120
DATE AS OF CHANGE:		20061120

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NACG Holdings Inc.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-135943
		FILM NUMBER:		061230385

	BUSINESS ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NACG Holdings Inc.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>h41525ffwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS - REGISTRATION NO. 333-135943
<TEXT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Filed pursuant to Rule&nbsp;433<BR>
Registration No.&nbsp;333-135943<BR>
November&nbsp;20, 2006
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Free Writing Prospectus of NACG Holdings Inc.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>This free writing prospectus should be read together with the preliminary prospectus that forms a
part of the Registration Statement on Form F-1 (Registration No.&nbsp;333-135943) of NACG Holdings Inc.
The preliminary prospectus can be accessed through the following link</I>
<U><I>http://www.sec.gov/Archives/edgar/data/1368519/000095012906009791/y22556a7fv1za.htm</I></U><I>. The
information in this free writing prospectus supplements and updates the information contained in
the preliminary prospectus.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have learned that one of our customers has disclosed in its interim financial statements for the
quarter ended September&nbsp;30, 2006 a going concern uncertainty. For the twelve months ended June&nbsp;30,
2006, revenues from this customer were approximately $17.5&nbsp;million, or 3.3% of our total revenues.
For the three months ended June&nbsp;30, 2006, revenues from this customer were approximately $7.0
million, or 5.1% of our total revenues. As of November&nbsp;15, 2006, we had approximately $8.7&nbsp;million
in accounts receivable and $2.0&nbsp;million in unbilled revenue from this customer, all of which
represents work performed subsequent to September&nbsp;1, 2006. We do not currently know whether any
portion of this account is uncollectible. Based on our current assessment of the situation, we
believe any non-recoverable portion of the amount due from this customer will not be significant or
materially affect our financial condition. If we choose to wind down operations on this customer&#146;s
site, we believe we will be able to redeploy our equipment to other customer sites.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>We have filed a registration statement (including a prospectus) with the SEC for the offering to
which this communication relates. Before you invest, you should read the prospectus in that
registration statement and other documents we have filed with the SEC for more complete information
about NACG Holdings Inc. and this offering. You may get these documents for free by visiting EDGAR
on the SEC Web site at www.sec.gov. Alternatively, the underwriters will arrange
to send you the preliminary prospectus if you request it by calling toll-free 1-800-221-1037.</I>
</DIV>



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</DIV>

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