NextMart, Inc (NXMR)

[JMMatthews]

NextMart, Inc. - Final Agreement Executed for Oilfield Services Company

HOLYOKE, Mass., March 3, 2022 /PRNewswire/ -- NextMart, Inc. (the "Company" or "NXMR" - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce that it has finalized and executed the Asset Purchase Agreement (the "Agreement") to acquire all of the assets and book of oilfield business from Defender Contracting, LLC, located in Monahans, Texas ("Defender").

Pursuant to the terms of the final Agreement, the Company purchased all the operational assets of Defender which includes ten oilfield semi-trucks with trailers and related equipment, Defender's book of oilfield business, and retained all of Defender's work force. As previously announced, these assets have been placed into the Company's main oilfield service operational entity, Emco Oilfield Services, LLC ("Emco") of which NXMR acquired control in January 2022.

William Bouyea (CEO of the Company), states…" It exciting to close the transaction with regards to the acquisition of Defenders assets. Since we first announced this asset acquisition, we have brought on Defender's founder Mark McKenzie to operate NXMR's oilfield services division. Additionally, I have been working closely with Mark and the Company's expanding Permian-based network of associates in identifying additional acquisitions opportunities to expand our operational footprint in the Permian Basin. Based on initial meetings with acquisition targets, we are seeing that the timing is perfect to acquire companies at attractive prices as the industry's recovery gains momentum. With Mark as Emco's new President, we are impressed with his keen knowledge, good relationships with many of Emco's customers to facilitate a smooth transition to Emco's new management, as well as his vast contacts with principles of acquisition targets within the Permian Basin. There is no question that Emco is in good hands with Mark. We all can expect Emco to expand by acquisition, both horizontally as well as vertically, at a healthy clip over the coming months."

You can view Defender's current web site at: www.DefenderContracting.com

Please review Emco's web site at: https://emcooilfield.com/

https://finance.yahoo.com/news/nextmart-inc-final-agreement-executed-140000554.html

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