Tue, 12 Aug 2014 14:00:00 GMT ~ NuState Announces Corporate Business Strategy
[PR Newswire] - COLUMBIA, S.C., Aug. 12, 2014 /PRNewswire/ -- NuState Energy Holdings, Inc. (NSEH –OTC US) announced today its corporate business strategy. NuState has acted upon its previously announced corporate growth ...
Wed, 04 Jun 2014 15:40:00 GMT ~ NuState Announces Corporate Update and Growth Plan
[PR Newswire] - COLUMBIA, S.C., June 4, 2014 /PRNewswire/ -- NuState Energy Holdings, Inc. (NSEH - OTC US) announced today its corporate update. Kevin Yates, CEO asserted, "As a long standing shareholder of the Company, I fully appreciate the major challenges that our management team must confront. First, we are fully engaged in re-structuring the onerous debt and the overly complicated equity positions that have prevented the Company from attracting new investment. As set forth in our 8K filed on April 23 2014, we entered into an agreement with ASC Recap, LLC, late last year to help the company with its restructuring objectives. As a result, certain of the Company's creditor obligations have begun to be paid down pursuant to that agreement. We are confident that our re-structuring objectives, including the arrangement of additional funding, will be achieved in the coming months.