|By PR Newswire||
|August 12, 2014 10:00 AM EDT|
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 plan and today will move forward with a new business strategy. Kevin Yates, Chairman said "After meeting with new investors this past week we have jointly agreed to build on the foundation in place with renewed focus on revenue producing opportunities. NuState's proprietary software built on an Open Architecture platform for the logistics and telematics industry allows our IT team to refresh and enhance the source code to interface with these opportunities and whatever the market demands."
To complement the Company's increasingly attractive financial profile, NuState is currently engaged in closing a series of new business partnerships and agreements. In keeping with the Company's renewed commitment to improving and enhancing investor communication, further information on the specifics of these agreements will be released as soon as they are finalized. Kevin Yates, Chairman said, "We are going to match that new vitality with increased focus on marketing and investor communications. This will allow our shareholders, our customers, and the entire industry to share in and be fully aware of our success. We have recently contracted with our Auditing firm to begin the work to get the company back fully reporting and to remove the yield sign. These are all important steps to launching our operational strategy."
NuState Energy Holdings, Inc. is a technology company specializing in providing pertinent, real-time information to the worldwide transportation and security industries. Our telematics solutions collect vehicle and container- based data and integrate it with information gathered from various disparate legacy systems across the supply chain. The data is then synthesized and reformatted into valuable, actionable information, and delivered to appropriate end-users across the logistics value chain through secure web- based applications. Specific offerings include: vehicle tracking, inventory/asset visibility, secure trucking, matching available freight with available trucks, and many others.
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.
SOURCE NuState Energy Holdings, Inc.
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