Nexteligent Retains 2 Watchmen for its Stock Buy Back Initiative

Rhea-AI Summary

Nexteligent Holdings (OTC:NXGT) has announced a stock buy-back program worth $100,000 to $1,000,000 starting in September 2021. The company is also focusing on strengthening its brand and has plans to acquire three firms before the end of 2021, targeting a total revenue of $100 million from future acquisitions in 2022. Additionally, Nexteligent has retained M&A advisory services and a PCAOB auditor for its OTCQX uplisting preparations. CEO Paul Cristiano emphasizes the commitment to enhancing shareholder value through these initiatives.

Positive

• Initiating a stock buy-back program valued at $100,000 to $1,000,000, which may enhance shareholder value.
• Plans to close three acquisitions before year-end 2021 and aim for $100 million in revenue from 2022 acquisitions.
• Engaging a leading M&A advisory firm and a PCAOB auditor for strategic growth and OTCQX uplisting.

Negative

• None.

NEW YORK, Aug. 30, 2021 /PRNewswire/ -- Nexteligent Holdings, Inc. (OTC:NXGT), a professional services firm and healthcare industry aggregator, has retained 2 Watchmen, a Wyoming limited liability company to assist in its proposed common stock buy-back program.  Through this initiative, Nexteligent intends to repurchase from $100,000 to $1,000,000 in Company common stock at market price starting in September.

"Nexteligent continues to execute its strategy for building a distinguished brand recognized for delivering value to employees, clients and investors," said Paul Cristiano, Nexteligent chief executive officer. "Within the last 60 days, we have announced our plan to close three acquisitions before year-end 2021 and that in 2022 we intend to close acquisitions with a collective revenue of $100,000,000."

Cristiano also noted that Nexteligent recently announced that it has retained a leading M&A advisory and investment firm to assist in its acquisition process as well as a PCAOB auditor and counsel organization to assist in its plans for up listing to the OTCQX and to concurrently address and rectify any vagaries in convertible notes and service contracts discovered through the audit process required for admission to the OTCQX. 

"Today's announcement about our stock buy-back program further demonstrates that Nexteligent is focused on building shareholder value," said Cristiano.  

About Nexteligent

Nexteligent Holdings, Inc. is a professional services firm and aggregator serving healthcare providers with digital health technologies, outsourced workflow, and financial management solutions designed to increase profit and operational efficiency. Nexteligent acquires small-to-medium size companies specializing in coding and billing, durable medical equipment, remote patient monitoring, preventative wellness, chronic care management, and marketing and advertising.  Through its specialized divisions the Company serves the needs of hospitals, clinics, doctors, labs, eldercare facilities and the patients they serve.

Forward Looking Statements

Certain statements in this release are "forward-looking" statements. The words "anticipate," "believe," "ensure," "expect," "if," "intend," "estimate," "probable," "project,"  "forecasts," "predict," "expects," "outlook," "aim," "will," "could," "should," "would," "potential," "may," "might," "anticipate,"  "likely," "plan," "positioned," "designed to," "strategy," and similar expressions, and the negative thereof, are intended to identify  forward-looking statements. These forward-looking statements, which are subject to risks, uncertainties and assumptions, may include projections of their respective future financial performance, their respective anticipated growth strategies and anticipated trends in their respective businesses. These statements are only predictions based on current expectations and projections about future events.

 

 

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SOURCE Nexteligent Holdings

FAQ

What is the stock buy-back program announced by Nexteligent Holdings (NXGT)?

Nexteligent Holdings plans to repurchase between $100,000 to $1,000,000 of its common stock starting in September 2021.

What are the future acquisition plans for Nexteligent Holdings (NXGT)?

Nexteligent intends to close three acquisitions by the end of 2021 and pursue additional acquisitions with a collective revenue of $100 million in 2022.

Who is assisting Nexteligent Holdings (NXGT) with its stock buy-back program?

Nexteligent has retained 2 Watchmen to assist with its stock buy-back initiative.

What is the significance of Nexteligent's move to the OTCQX?

Nexteligent is preparing for an uplisting to the OTCQX, which may enhance its visibility and credibility in the market.