NuState November Shareholder Newsletter
COLUMBIA, S.C., Nov. 6, 2014 /PRNewswire/ --
Dear Valued Shareholder:
In keeping with our promise of transparency and communication, NuState is pleased to offer an update on the progress of our business plan recently approved by management and implemented in late August. We are hereby submitting this update along with our intentions and outlook for the future of our company.
First, the primary mission is, and always has been, to add shareholder value as fast as possible. This will be accomplished on multiple fronts: returning the company to a non-default posture, achieving a current status with all SEC filings, and issuing timely and relevant news releases that keep shareholders abreast of the progress of the company's business plan. We are in full swing with the Audit and are looking forward to filing our first 10k later this month. Our goal and commitment is to have all of our filings current by the end of January. NuState will be reconfigured with all of the important requirements for the development and operation of a public company that will graduate from the Pink Sheets back to the OTC Bulletin Board and beyond.
Second, NuState is looking forward to reaching the definitive agreement with the RONN Motor Group in a few weeks that will propel our Patented Intellectual Property, GPSTrax into a revenue generating contract. This will enable our development team to further enhance our IP to build on new developing opportunities. We have always had strong relationships in the Telematics industry and we are actively pursuing joint ventures, partnerships and acquisitions. NuState has a very large tax loss carry forward that makes us an attractive target for companies in this space.
We believe that it is important to keep the company moving forward through the development of these new relationships, partnerships and, most importantly, revenue building agreements. Our goal is to instill NuState shareholders with the confidence that their shares will hold their value and that the management team has their interests in mind.
Management will always be transparent and available to receive a phone call or an email with questions or concerns. We plan to have conference calls set up on the second and fourth Tuesday of each month starting next week, November, 11. Updates will also be available via twitter Yates @NsehInc.
Sincerely,
Kevin Yates
CEO of NuState Energy Holdings, Inc.
Office: 803-748-1309
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.
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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