Jeff Krupka
President
NexHorizon Communications, Inc.
1140 US Highway 287, Suite 400-305,
Broomfield, Colorado 80020
www.nexhorizoninfo.com
P: 303.469.3051
F: 303.469.3054
C: 213.321.9858
$NXHZ Acquire Colorado Uranium
NEW YORK, NY--(Marketwired - May 6, 2013) - NexHorizon Communications, Inc. (OTC Pink: NXHZ) (the "Company") announced that they are negotiating to acquire Western Colorado Uranium Claims , both patented and unpatented. NexHorizon President Jeff Krupka points out, "Although we have no definitive agreement in place, we are moving forward with plans and are capable of closing immediately and after closing, we will immediately establish a schedule of completing the associated assay and site investigation work this summer."
Regional uranium news is huge. Last week, Energy Fuels announced the approval of its planned Uranium Processing Facility . The first processing facility in the area for thirty years. Jeff went on to say, "Being involved in an industry turn-around in the area will be rewarding way beyond simply making money for our shareholders."
Further news on our negotiation progress will be immediately announced.
NexHorizon also announced the increase of its capitalization effective May 1, 2013 by way of an amendment to its articles of incorporation. The amendment, previously authorized, but just now filed as part of NexHorizon 's reorganization, ratified the following changes:
The Preferred Shares were increased from 5 Million to 25 Million Shares; and The Common Shares were increased from 100 Million to 250 Million Shares. On this important change, Mr. Krupka added, "There has been much question and concern on the issue of the potential of a reverse split of our issued and outstanding shares, and now with the ability to issue additional shares, to raise needed capital for expenses, repayment of financing, disposal of existing preferred shares and warrants, and perhaps most importantly, to make stock based acquisitions , there is little chance or need of a reverse split, until and unless NexHorizon was to establish a major acquisition or merger."
The company also provided a list of items and time-lines for shareholders to watch:
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 smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.