PALO ALTO, Calif., Jan. 09, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Nexus Energy Services, Inc. (OTCPINK: IBGR), an application development company, today announced that it has reached an agreement with its CEO and President, Ron Minsky, to convert 150 million common shares held by Mr. Minsky into Preferred Series “D” shares. This will leave just over 140 million common shares issued and outstanding. In concert with this agreement, the company will file an amendment with the Nevada Secretary of State to reduce the total number of shares authorized to 350 million.
Mr. Minsky, commented, “I was not about to divest myself of any stock in the foreseeable future anyway, and after discussing the matter with newly appointed Corporate Advisor, George Sharp, we agreed that these shares were best used for the future funding of the company.”
About Nexus Energy Services, Inc. (OTC: IBGR)
Nexus Energy Services, Inc. is an application development company which will soon announce a significant project in the real estate sector.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
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