Business
Nexus Seeks Acquisitions and Independent Audit
Nexus Seeks Acquisitions and Independent Audit.
About this update from Nexus Energy Services, Inc.
[{"type":"text","content":"November\n7, 2013\n\nHouston,\nTX ? Nexus Energy Services Inc. (PHARD: OTC Pink) has completed the following\nadministrative, accounting and regulatory transactions necessary to move forward\nand make new acquisitions\n Reduced\nfranchise tax debt for the State of Delaware from $490,000 to $2,000.\n\n\n\n? \nReturned\ncorporate status to good standing in the State of Delaware.\n\n? \nChanged\nthe Nexus corporate domicile from Delaware to Nevada, where the Company has a more\nhospitable corporate domicile.\n\nIn\naddition Nexus Management has:\n\n? \nEstablished\ngood standing with the OTC Markets and paid all fees due.\n\n? \nEstablished\ngood standing with associated transfer agent and paid all fees due.\n\n? \nAs\nprevious management had reverse split stock for 1497 shareholders to one share,\nthe company has re-organized the corporate structure and rounded up to round\nlots of 100 shares for these shareholders. \nThus providing single shareholders with an additional 99 shares.\n\n? \nRestated\ntwo years of financial statements and completed the 2013 Annual Report that\nstated a $7 million Deferred Tax Asset and an $11 million Accumulated Deficit. The company can utilize approximately\n$700,000 of this Deferred Tax Asset to offset Net Income in the upcoming tax\nyear.\n\n? \nThe\nCompany has provided all necessary paperwork to the Depository Trust and\nClearing Corporation (?DTCC?) to remove the chill placed on the stock. This will allow shareholders to be able to\nmore efficiently trade the stock.\n\n? \nThe\nCompany obtained a new stock, NESI,to more accurately reflect its name and new\nfocus. The change will take effect\nNovember 12, 2013 \n\n? \nAs\na result of these processes, the Company was able to complete $1.5 million\nacquisition for proven income producing Texas oil and gas assets.\n\n? \nThe\ncompany is presently in negotiations with several acquisitions and anticipates possible\nclosi...