NuState Announces Plan for Changes in Officers and Directors; To Focus on Logistics and Telematics Tied to Alternative Fuels
Columbia, South Carolina, Sep 24, 2014 (PRWeb.com via COMTEX) -- NuState Energy Holdings, Inc. announced today it will move forward with a change in control of the company effective October 1. Chairman Kevin Yates said, "After meeting with C.K. Williams Jr. and our new investment team this past week, we have jointly agreed to make some exciting changes to the Board of Directors." Thomas Murphy will be appointed the new Chairman and CEO and C.K. Williams Jr. and/or assigns will join the Board. Thomas P. Murphy, Esq., has been a trial lawyer for over 30 years. His most recent business focus has been working with public companies in solving and resolving outstanding problems, turning companies around and establishing new entities. He has created Private Placement Memorandums (PPMs) and other legal documentation for private and public companies for many years.
Murphy received a Juris Doctorate in 1977 from the University of Miami, School of Law, where he studied under Dean Soia Mentschikoff. He is admitted to practice law in the State of Florida and U.S. District Court for the Southern District of Florida, where he has tried hundreds of jury trials to conclusion. Murphy has also tried cases throughout the United States, having been admitted to other jurisdictions on a pro hac vice basis. The other jurisdictions include California - both State and Federal Courts - as well as Nevada; South Carolina and North Carolina.
The first priority is to restructure NuState Energy Holdings in order to build upon the vision of its new investment team. NuState will become a holding company for new subsidiaries to accommodate the diverse opportunities they have. NuState must first complete the required filings of the SEC this year to become a fully reporting company again and return to the OTCQB.
Kevin Yates will accept new positions as President of the company and as a Board Member with a new role and responsibilities of building on the foundation of the company's intellectual property, adding additional intellectual property and instilling a renewed focus on revenue producing opportunities in the coming months. NuState's proprietary software, built on an Open Architecture platform for the logistics and telematics industry, allows its IT team to refresh and enhance the source code to interface with opportunities tied to alternative fuels and whatever else the market demands. NuState is developing joint venture partnerships for a global distribution plan to enhance hydrogen assisted motor programs in Asia and India. The company is currently completing due diligence on additional intellectual property that will complement the vision of the Board and looks forward to sharing this information in the not too distant future.
NuState is going to match that new vitality with increased focus on marketing, social media and investor communications. This will allow our shareholders and the entire industry to share in and be made fully apprised of our success. The company's new web site at http://www.nsehinc.com is set for release in October. Kevin Yates' new Twitter account is Yates@nsehinc.
About NuState NuState Energy Holdings, Inc. has traditionally been a technology company specializing in providing pertinent, real-time information to the worldwide transportation and security industries. The new NuState will become a holding company for many diversified and profitable business subsidiaries.
For more information about NuState, call (803) 748-1309. NuState is located at 1201 Main Street, Suite 1980, Columbia, S.C. 29201.
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.
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