Latest Nustate Energy Holdings Inc. (NSEH) Headlin
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Posted On: 03/10/2014 8:02:50 PM
Latest Nustate Energy Holdings Inc. (NSEH) Headlines
NuState Enters Into Traditional and Alternative Energy Sector
GlobeNewswire - Wed Jun 19, 5:00AM CDT
NuState Energy Holdings, Inc. (Pink Sheets:NSEH), announced that it is planning to enter into the Traditional and Alternative Energy Sector. It has executed Memorandums of Understanding (MOU) and Letters of Intent (LOI) that have the potential, if formalized into definitive agreements, to lead NuState into some exciting energy-related opportunities. One opportunity is to create and/or acquire retail energy providers that are remarketers of natural gas and electricity. Such businesses, also known as Energy Service Companies ("ESCOs"), seek to capitalize on the market opportunity brought about by the deregulation of the electricity industry that has occurred in certain states. Kevin Yates, Chairman and CEO of NuState commented, "We are in advanced stages of discussions with two outstanding candidates, both of whom have backgrounds in the ESCO business, to become NuState's President and Chief Financial Officer. I would remain with NuState as Chairman and CEO."
NuState Enters Into Traditional and Alternative Energy Sector
GlobeNewswire - Wed Jun 19, 5:00AM CDT
NuState Energy Holdings, Inc. (Pink Sheets:NSEH), announced that it is planning to enter into the Traditional and Alternative Energy Sector. It has executed Memorandums of Understanding (MOU) and Letters of Intent (LOI) that have the potential, if formalized into definitive agreements, to lead NuState into some exciting energy-related opportunities. One opportunity is to create and/or acquire retail energy providers that are remarketers of natural gas and electricity. Such businesses, also known as Energy Service Companies ("ESCOs"), seek to capitalize on the market opportunity brought about by the deregulation of the electricity industry that has occurred in certain states. Kevin Yates, Chairman and CEO of NuState commented, "We are in advanced stages of discussions with two outstanding candidates, both of whom have backgrounds in the ESCO business, to become NuState's President and Chief Financial Officer. I would remain with NuState as Chairman and CEO."
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