NX Capital Co. Announces Subsidiary Name Change
24 3월 2014 - 9:06PM
Marketwired
NX Capital Co. Announces Subsidiary Name Change
BATON ROUGE, LA--(Marketwired - Mar 24, 2014) - NX Capital Co.
(OTC Pink: NXCP) (PINKSHEETS: NXCP) announced today it has changed
the name of its wholly owned subsidiary from Montrose Entergy
Group, Inc. to NX Uranium, Inc. The name change becomes effective
immediately and sets the stage for how the Company will operate in
the future.
John Conroy, CEO, stated, "We are positioning the Company to
become a growing producer in the Uranium sector and establishing a
platform that adequately describes the thrust of our business
model. Future references to operations and acquisitions will
read "NX Capital Co. operating through its wholly owned subsidiary
NX Uranium, Inc."
NX Uranium, Inc. will have a separate advisory board chaired by
Mr. Kelly Dearth. The advisory board will consist of industry
experts that will assist the company with its acquisition targets
and strategy.
When asked about the priorities for the Company, Mr. Conroy
stated, "We have implemented the new Business Plan focused on
building a fully-integrated uranium production company over the
next five years. The name change provides a better platform for
promoting the company and raising the capital needed to execute our
business model. Additionally, we have been working on the
preparation for the audit, potential board appointments, new
website and necessary steps to close additional
acquisitions. It's an exciting time for NX Capital. There are
a lot of moving parts that need to come together at the right time
and that time is now. With the incident in the Ukraine, and Japan's
announcement they are bringing reactors back online this year, it
will only put upward pressure on the spot price for Uranium."
NX Capital Co. operating through its wholly owned subsidiary NX
Uranium, Inc. is seeking to develop its operations in the Uranium
industry, with a focus in the Western United States. At the time of
this release, the Company is currently identifying potential
property acquisitions and the funding resources. Management cannot
make any guarantees that it will be able to identify and close any
such acquisition(s).
Forward-Looking Statement
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
mining and energy exploration and development stage exploration
companies including without limitation, other risks associated with
private companies. At the time of the press release, the
Company is not registered with the Securities and Exchange
Commission (SEC) and does not have available for public
dissemination its financial reports or other disclosure
information.
Contact Information: John Conroy CEO 225-273-1100
john@pestop.com
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