Thursday, September 08, 2022 11:32:06 AM
Carlsbad, New Mexico (PR Newswire) September 8, 2022 – NextMart, Inc. (the “Company” or “NXMR” - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce it will be opening new water stations for oil field services in the States of Oklahoma, Montana, and Texas during the 1st quarter of the fiscal year starting October 1, 2022.
The Company expects that these new water stations will become operational on a staggered basis, with Oklahoma and Texas being the first to be completed. But the Company fully expects that all three will be in full operation by January 1, 2023. The Company expects these new water stations to produce top line revenue of between $10M and $15M USD during the fiscal year October 1, 2022, to September 30, 2023.
Mr. Maldonado (CEO of the Company), states…"We are excited to enter the oil field service industry in Oklahoma, Texas, and Montana with the opening of these water stations. Water in large quantities is needed wherever there is oil and gas production. This is a great way to enter a new oil and gas market and be profitable day one, but also create a toehold in that same market for other future operations. Once we have a footprint in these three states with these water stations, we will be announcing the start of revenue generating activity on other related oil field service programs in these same states that are highly profitable and have been in development for the past few months. In short, we can use these water stations to bring in revenues, but also to be a base of operation for the future growth of the Company. It is without question a great situation for the Company as it expands its operations into three new market.”
https://www.otcmarkets.com/otcapi/company/dns/news/document/61605/content
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