Nexus Energy Services Inc (IBGR)

[Insidescoop]

JUST POSTED PRESS RELEASE FROM NEXUS

Nexus Seeks Acquisitions and Independent Audit

Nov 07, 2013
OTC Disclosure & News Service

Houston, TX -

November 7, 2013

Houston, TX ? Nexus Energy Services Inc. (PHARD: OTC Pink) has completed the following administrative, accounting and regulatory transactions necessary to move forward and make new acquisitions

Reduced franchise tax debt for the State of Delaware from $490,000 to $2,000.
? Returned corporate status to good standing in the State of Delaware.

? Changed the Nexus corporate domicile from Delaware to Nevada, where the Company has a more hospitable corporate domicile.

In addition Nexus Management has:

? Established good standing with the OTC Markets and paid all fees due.

? Established good standing with associated transfer agent and paid all fees due.

? As previous management had reverse split stock for 1497 shareholders to one share, the company has re-organized the corporate structure and rounded up to round lots of 100 shares for these shareholders. Thus providing single shareholders with an additional 99 shares.

? Restated two years of financial statements and completed the 2013 Annual Report that stated a $7 million Deferred Tax Asset and an $11 million Accumulated Deficit. The company can utilize approximately $700,000 of this Deferred Tax Asset to offset Net Income in the upcoming tax year.

? The Company has provided all necessary paperwork to the Depository Trust and Clearing Corporation (?DTCC?) to remove the chill placed on the stock. This will allow shareholders to be able to more efficiently trade the stock.

? The Company obtained a new stock, NESI,to more accurately reflect its name and new focus. The change will take effect November 12, 2013

? As a result of these processes, the Company was able to complete $1.5 million acquisition for proven income producing Texas oil and gas assets.

? The company is presently in negotiations with several acquisitions and anticipates possible closings by year end.

? Concurrently the company is interviewing Independent Auditors to provide an opinion on the filed financial statements.



FORWARD-LOOKING STATEMENTS

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the OTC Markets.