Replies to post #10 on MARKetTIME NEWS

[MARKetTIME]

NYTEX Energy Holdings, Inc. Announces Engagement of Energy Capital Solutions, LLC as the Company's Investment Banking Firm

DALLAS, Oct. 13, 2011 /PRNewswire/ -- NYTEX Energy Holdings, Inc. (OTCQB: NYTE) (the "Company" or "NYTEX"), a Dallas-based energy holding company comprising two wholly owned subsidiaries, Francis Drilling Fluids, Ltd. ("FDF") and NYTEX Petroleum, Inc., announced today it has engaged Energy Capital Solutions LLC ("ECS") to raise capital in order to restructure current outstanding obligations, to fund potential acquisition opportunities, and to provide additional working capital for general corporate purposes.

ECS, based in Dallas, Texas, is an investment banking firm focused on raising private capital and providing merger and acquisition advisory services to public and private energy companies.

Michael Galvis, NYTEX President and CEO, declared, "We are very pleased to engage ECS as our Investment Banker, as NYTEX enters a period of what we believe will be strong growth, based on the continued leadership position of our subsidiary Francis Drilling Fluids, Ltd ("FDF") – which is on track to produce record revenues for the next two quarters – and on the accelerating role of our second subsidiary, NYTEX Petroleum, Inc., an early-stage oil production company leveraging the innovative oil and gas exploration and production technologies that are changing the industry. ECS's expertise in the energy industry will support our drive to command a complete suite of oilfield products and services and generate increasing value for our shareholders."

About NYTEX Energy Holdings, Inc.

NYTEX Energy Holdings, Inc. (OTCQB: NYTE) is a Dallas-based energy holding company consisting of two wholly-owned subsidiaries, Francis Drilling Fluids, Ltd. ("FDF") and NYTEX Petroleum, Inc. Francis Drilling Fluids is a 34-year-old drilling fluids service company. Headquartered in Crowley, LA, FDF is the leading single frac sand, ceramic proppant and water-based liquid drilling mud distributor in the United States. FDF provides services to oilfield clients in 39 states, and includes the Marcellus, Bakken, Barnett, Haynesville, Fayetteville and Bossier natural gas shale plays. NYTEX Petroleum, Inc. is an exploration and production company focusing on early stage development of minor oil and gas resource plays. For more information please go to www.nytexenergyholdings.com and www.fdfltd.com.

This press release includes "forward-looking statements," which may include information concerning the company's plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words "will," "intends," "expects," "outlook," "forecast," "estimates," "anticipates," "projects," "plans," "believes," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs will prove correct. The company's ability to achieve the financial targets described in this press release is subject to numerous factors and contingencies, many of which are beyond the company's control. These include local and national economic, credit and capital market conditions, including prevailing interest rates; legal and regulatory developments, including changes to tax rates, applicable securities regulations or accounting standards, and ability to obtain necessary licenses and permits; and geopolitical conditions, including the occurrence of acts of war or terrorist incidents, and weather or natural disasters. Any of these factors or others not named herein could cause the company's actual results to differ materially from those expressed as forward-looking statements. In addition, other risk factors that could cause actual results to differ materially from the forward-looking statements contained in this release include those that are discussed in the company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no, and expressly disclaims any, obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Contact Information:
NYTEX Energy Holdings, Inc
Kenneth Conte
[phone]

SOURCE NYTEX Energy Holdings, Inc