Nexus Energy Services Inc (IBGR)

[jim6103]

Email respose from the company.....


From: XXXXXXXXXXX
To: [e-mail]
Sent: Monday, April 18, 2011 12:10 PM
Subject: Important concerns


I am a new shareholder and have some major concerns that I hope that you can clear up.

1) Is your product FDA approved? I can find no proof of it on the FDA site.

2) Has all the liabilities from the past shell been settled?

Fraud Judgment Awarded Against Evolution Fuels/Blue Wireless & Data/CEO
Steven Benavides and Greg Martin today announced the awarding of a judgment against Evolution Fuels, Blue Wireless and Data, now known as Big Star Media, Dennis G McLaughlin III individually, and other co-defendants for statutory fraud in the 44th District Court of Dallas County. The amount of the judgment, with penalties and interest, is over $1.6 million and relates to the purchase of wireless internet service provider Panaband Wireless in March, 2005.

Dallas, TX (PRWEB) August 2, 2010

Steven Benavides and Greg Martin, today announced the awarding of a judgment against Evolution Fuels, Inc., Blue Wireless and Data, now known as Big Star Media, Dennis G. McLaughlin III individually, and other co-defendants for statutory fraud in the 44th District Court of Dallas County. The amount of the judgment, with penalties and interest, is over $1.6 million and relates to the purchase of wireless internet service provider Panaband Wireless in March, 2005.
The initial petition was filing in February, 2006; Case Number DC-06-01509-B
“It has been a long road to this point and we are happy that the courts have awarded this judgment against Mr. McLaughlin and his various companies,” noted Mr. Benavides. “While the various entities controlled by Mr. McLaughlin have gone through many changes since the original sale, we have continued to pursue what is rightfully ours for the company we built and sold. We will continue to exhaust all efforts to collect on this judgment against all parties.”
Over the past several months, Martin and Benavides campaigned zealously to resolve the issue amicably. However, their efforts have yielded little success and continuous misinformation and roadblocks from Mr. McLaughlin. “We continue to read about current and future projects Mr. McLaughlin and his companies are pursuing,” said Mr. Martin. “We wish him success in those endeavors, but we remain committed to our collection efforts and need to seea commitment from Mr. McLaughlin as well.”
The Agreed Judgment filed in Dallas County, Case Number DC-06-01509-B found that "Plantiffs are entitled to recover damages, jointly and severally as a consequence of Defendents fraud practiced upon Plaintiffs, which fraud the court hereby finds by clear and convincing evidence"
The interest and penalties will continue to accrue during this collection process. Mr. Benavides and Mr. Martin are optimistic that this matter will soon be resolved.
http://www.prweb.com/releases/2010/07/prweb4326394.htm

3)Should I assume all these violations were taken care of??

http://www.fda.gov/downloads/ICECI/EnforcementActions/WarningLetters/1997/UCM066003.pdf

Your response to these important queries is greatly appreciated.

Jim XXXXXXX

Company's response:

Jim,

Thanks for your interest in Pharmstar, and thanks for the questions. I will answer them for you in the order in which they are asked.

1. Yes. Aquaprin meets full FDA approval. Specifically, it meets the current FDA Analgesics Monograph, appearing in the "permitted combinations" section of the Federal Register. Also in the USP under the "Effervescent Aspirin" monograph. We will provide some links on our website so that people can easily find the link.

2.Pharmstar Pharmaceuticals did not purchase the assets or the liabilities of the previous company. Instead, that company still exists, as a private company. Pharmstar completely disassociated with them, including requesting and receiving a new Tax ID number. The old tax ID number went with the previous company.

Even though we have no interest in Big Star Media, we are familiar with the Press Release that you forwarded, as it obviously came up during Due Diligence. Please note the following link, where the press release was retracted. http://www.prweb.com/releases/2010/08/prweb4386344.htm . Again, this has nothing to do with Pharmstar Pharmaceuticals, but it does address your question.

3. Concerning the warning letters from 1997. This was Howard's first attempt at stabilizing Aquaprin, and yes, there were some headaches (pardon the pun) in doing so. The product did not continuously meet the stabilizing requirements ,and there were some things that created problems not related to the business. Howard pulled the product and began working on another stabilization, which resulted in the patent that is pending now....and also meets the stabilization requirements to now earn the FDA approval. A lot has changed in 14 years.

If you have any more questions, comments or concerns, please don't hesitate to contact us.

Investor Relations




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