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NuState Announces Cancellation of One Billion Shares of Common Stock

COLUMBIA, SC, Dec 01, 2014 (Marketwired via COMTEX) -- NuState Energy Holdings, Inc. (OTCBB: NSEH) Today announced today, that it has completed the cancellation of One Billion ( 1,000,000,000 ) shares of common stock of NuState Energy Holdings Inc., reducing the existing share structure by approximately 28% . This decision was approved by the Board of Directors on November 28, 2014.

Kevin Yates, CEO of NuState Energy Holdings, Inc. stated "The stock Transfer Agent has notified the Company that they have received and processed the necessary documents required for cancellation and that the common shares have been cancelled. It is important to note that this is not a share retirement, but a cancellation. We feel it was important to cancel currently undervalued stock, adding to the new and exciting corporate events going forward. This decision shall be augmenting our new multi-million dollar licensing deal with Ronn Motor Group as well as the completion of audited financials, bringing NuState Energy Holdings, Inc. to a current status. We are making every effort to increase shareholder value and move towards a proper and accurate valuation of our stock".

About NuState NuState Energy Holdings, Inc. is a technology company specializing in providing pertinent, real-time information to the worldwide transportation and security industries. NuState's proprietary software, GPSTrax, is built on an Open Architecture platform for the logistics and telematics industries.