Nexus Energy Services Inc (IBGR)

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On June 30, 2004, the Company entered into a Securities Purchase Agreement with Blue Ocean Technologies, LLC, (“BOT”) and BOT’s minority interest holder OutBack Management Services, L.L.C. ("OutBack") to purchase all of the issued and outstanding stock of Blue Ocean Wireless, Inc. (“BOW”), a subsidiary of BOT. BOW’s assets consist of regional wireless network equipment and customer base, which expanded the Company’s broadband wireless network, as well as its coverage of wireless communication customers in the North Texas area. The Company issued 30,000,000 restricted shares of its common stock, 27,000,000 of which, was issued to BOT and the remaining 3,000,000 shares to OutBack. Following the acquisition BOT beneficially owned approximately 35% of the Company’s outstanding common stock. This acquisition also resulted in a change in management of the Company as new officers and directors were appointed pursuant to the execution of this transaction.