OCTOBER SHAREHOLDER NEWSLETTER
October 21 2014 - 2:31PM
InvestorsHub NewsWire
Columbia, SC - October 21, 2014 - InvestorsHub NewsWire
-
Dear Valued
Shareholder:
It is with
great pleasure and a sense of accomplishment that the new
management team of NuState submits an update on our progress,
identifies our intentions, and outlines a future for our
company.
First, the
primary mission is to add shareholder value as fast as
possible. This will be accomplished on multiple fronts:
eliminating all existing debt and returning the company to a
non-default posture, achieving a current status with all SEC
filings, and issuing timely news releases that are relevant to the
shareholders and creditors, and that explain the development of the
company’s business plan.
The latest
release was filed last week confirming a change of control. We are
anticipating several other news releases that will outline our
accomplishments to date. These include the development of our
corporate strategy, partnership updates, and new business
opportunities.
Our plan
is that our company will be reconfigured with all of the important
requirements for developing and operating a public company that
will graduate from the Pink Sheets and back to the OTC Bulletin
Board and beyond.
We believe
that it is important to start fresh with a clean company and to
implement a sound market strategy. Many of our legacy issues left
unaddressed will disrupt our plan and evaluation. For this reason,
we are considering a corporate name change this year. The company
moved its headquarters to Columbia, S.C., with the intention to
build the foundation for a profitable company. I reside in Columbia
and I have successfully built companies from the ground up, as well
as turned a few around. The personnel resources that we will need
for the “change” are located here and I can report that they are
very accomplished and loyal individuals. They are extremely excited
to assist me and they are committed to the long hours required to
make it happen. I have made many sacrifices over the past four
years, including the countless hours, no paycheck, re-investment in
the company and continuing to build the foundation for the future.
I am currently the largest shareholder with 110 million shares of
common stock. I plan to buy back even more shares later in the
year.
We are
currently drafting the required offering documents for a capital
raise of up to $500,000 through private investors. These funds will
be used for basic operational expenses and for bringing all
corporate filings up to date.
Our goal
is to give NuState shareholders confidence that their shares will
hold their value and that the management team has their interests
in mind.
Lastly,
you should be aware that the new management team has been working
diligently, for the past four years, funded by myself and a few
other loyal investors. In other words, we all have made significant
sacrifices for the company and its shareholders, without
compensation. Obviously, we are confident in the future of the
company and believe we will be rewarded for our
efforts.
Management
will always be transparent and available to receive a phone call or
an email with questions or concerns. In the near future, we plan to
have conference calls set up on a bi-weekly basis. Updates
will also be available via twitter, Yates
@NsehInc.
Sincerely,
Kevin
Yates
CEO of
NuState Energy Holdings, Inc.
Visium Technologies (PK) (USOTC:VISM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Visium Technologies (PK) (USOTC:VISM)
Historical Stock Chart
From Sep 2023 to Sep 2024