HOUSTON, April 2, 2015 /PRNewswire/ -- Nexus Energy
Services Inc. (OTC Pink Sheets:NESI) announced today the Company
has signed a definitive agreement merging NESI with Illegal
Restaurant Group Inc. (IBGR), a Holding Company for Colorado Based
restaurant chain, Illegal Burger LLC. The parties have signed a
definitive agreement dated April 1,
2015, to merge IBGR into the Nexus Energy Services Inc.
(NESI) public company.
Under the terms of this Agreement, the surviving entity Nexus
Energy Services Inc. will change its name to Illegal Restaurant
Group, Inc. This merger will also include a new name and symbol
change, which once approved by FINRA will take effect to reflect
the new company and direction. Due to the recent downturn in oil
prices the Company will cease oil and gas operations and is please
to move in the restaurant sector. It believes the combination of
strong revenues and a red hot sector will be the key to success for
its shareholders.
Illegal Burger, a fast casual restaurant chain from Colorado providing high quality foods, has
exploded onto the U.S. fast casual dining market, and has now made
the move to becoming a publicly traded company in order to gain a
foothold as one of the top fast casual restaurants competing with
companies like Habit Restaurant Group, Shake Shack, and BurgerFi
just to name a few.
Mr. Jim Nixon, Founder and CEO
of Illegal Burger stated: "Our success as a company and our
discussions with NESI management over these last few months has
convinced us that merging with NESI is the right move for our
company to bring us into the NASDAQ OTC publicly traded arena. This
will help catapult us into the next phase of our branding and
public marketing campaign as well as help retain quality leadership
for our expansion both on a corporate and franchise level."
Loretta Higgins, CFO
of Nexus Energy Services Inc. stated: "With Illegal
Burger revenues just over $2 million
a year and projecting $10-15 million
this first year, coupled with the expansion into broader
territories throughout the US, this will certainly add a
considerable value to our existing and future shareholders. We have
worked diligently with all parties associated to complete this
merger in a timely manner, and to continue to build value for
shareholders."
About Nexus Energy Services
Nexus Energy Services has been a leading, mid-level provider of
Oil Pipeline and related facilities, Construction & Maintenance
services in Texas, Louisiana, Oklahoma, Kansas, South
Carolina, and New Mexico
since its founding.
About Illegal Burger
Illegal Restaurant Group Inc., the parent company, owns and
operates currently two restaurants in the Denver, CO area called Illegal Burger
LLC.Illegal Burger was created to change the way people look at
burgers, from the details of our sustainable decor, to the high
quality products used in our food and recipes.
We're dedicated to giving our customers what they deserve: a
burger made with quality, all-natural ingredients that tastes as
good as it looks. Experience perfection with every bite, only at
Illegal Burger. For more information Please visit our website
at www.illegalburgerco.com.
Forward Looking Statements
Statements in this press release that are not purely historical
facts, including statements regarding Nexus Energy Services
beliefs, expectations, intentions or strategies for the future, may
be "forward-looking statements" under the Private Securities
Litigation Reform Act of 1996. Such statements consist of any
statement other than a recitation of historical fact and can be
identified by the use of forward-looking terminology such as
"plan", "may", "expect", "anticipate", "intend", "estimate" or
"continue" or the negative thereof or other variations thereof or
comparable terminology. The reader is cautioned that all
forward-looking statements are speculative, and there are certain
risks and uncertainties that could cause actual events or results
to differ from those referred to in such forward-looking
statements. This disclosure highlights some of the important risks
regarding our business. Specifically, the reader should not place
undue reliance on statements regarding our retained consultants to
increase franchise sales in their targeted franchise markets.
Additionally, there are number of other risk factors relating to
our business more fully explained identified by us in our filings
with the OTC Markets, which are available through
http://www.otcmarkets.com.
Copyright 2015
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SOURCE Nexus Energy Services Inc.