Fort Lauderdale, Jan. 25, 2017 (GLOBE NEWSWIRE) -- On January 9th, NuState Energy Holdings, Inc. (NSEH –OTC US) signed an agreement with i-Business Management, LLC, a US-based consulting and advisory services company, which will help the company with acquisitions, raise capital, reach new investors, and increase sales.
“I am very confident in i-Business Management’s ability to drive our bottom line, improve our investor outreach, and leverage industry connections to create mutually beneficial opportunities for us,” said CEO Kevin Yates, “Their work with other companies in our industry has been impressive, and we are very excited to move forward under their advisement.”
i-Business Management will manage any direct offering activities, assist in staffing, build an investor relations and public relations strategy, and handle investor communications. Additionally, they will invest $250,000 over the first six months of this year-long agreement. During this time, NuState’s CEO, Kevin Yates, will forego any future compensation due to him as part of his employment agreement in order to cut costs and allocate more resources to company growth.
“NuState has some very impressive products, and the company is in the early stages of building its global distribution pipeline. This is the time to build a strong brand identity among consumers in the U.S. and to strengthen the investor-base,” said acting i-Business Management President, Teresa Misenheimer, “This is the type of company that makes our business thrive —we will do great things together.”
As the wheels turn and progress is made, a new website is expected to launch. Additionally, we intend to provide more frequent and transparent communications to all company stakeholders.
About NuState Energy Holdings, Inc.
NuState Energy Holdings, Inc. is a true green technology holding company based in Fort Lauderdale, Florida. NuState’s management has placed strong emphasis on acquiring, developing, and commercializing efficiency-bolstering software solutions in the automotive industry. For over 15 years, the company has managed a web-based collaborative marketplace for freight transportation and secure trucking. More recently, the company branched out to work on a telematics solution with consumers in mind. The result: GPSTrax, an innovative solution that can turn nearly any passenger vehicle into a smart car, capable of reducing fuel consumption and emissions by learning from and optimizing around driving patterns. The company is currently licensing its technologies abroad, with hopes to expand sales and decrease hazardous vehicular emissions across the globe.
