NextMart, Inc. - New Oil Field Service Company Acquisition
NextMart, Inc. (NXMR) has successfully acquired Two Brothers Services, LLC, a New Mexico-based company specializing in oil field services within the Permian Basin. The transaction, executed via a share exchange agreement dated June 16, 2022, involved 30 million shares of NXMR stock. Two Brothers Services, which boasts approximately $3 million in hard assets and generated $1.6 million in revenue for fiscal 2021, is projected to achieve $3 million in revenue for fiscal 2022. This acquisition aligns with NXMR's strategic expansion in the rapidly growing oil and gas sector.
- Acquisition of Two Brothers Services enhances NXMR's portfolio in the Permian Basin, a prime oil production area.
- Two Brothers Services has significant hard assets worth approximately $3 million.
- Projected revenue growth from Two Brothers Services, expected to reach $3 million for fiscal 2022.
- None.
HOLYOKE, Mass., July 1, 2022 /PRNewswire/ -- NextMart, Inc. (the "Company" or "NXMR" - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce it completed the acquisition of Two Brothers Services, LLC, a New Mexico limited liability company, that provides oil field services in the Permian Basin ("Two Brother Services").
The Company acquired all of the control equity of Two Brothers Services pursuant to a share exchange agreement dated June 16, 2022, for 30,000,000 shares of Common Stock of the Company. Two Brothers Services is located in Carlsbad, New Mexico, which is located in the prime oil and gas fields of the Permian Basin, and provides specialized oil field services, which include Hot Oilers and Super Vac Trucks. Two Brothers Services has approximately
William Bouyea (CEO of the Company), states…" We are happy to acquire Two Brothers Services in Carlsbad, New Mexico. They are a fast-growing oil field service business in one of the hottest oil and gas production areas domestically, the Permian Basin. They fit perfectly in the portfolio of business operations we now own in the hot oil and gas market of the Permian Basin. Having Two Brothers Services as one of our operational subsidiaries and bringing Oscar Maldonado (Owner) as part of our team is without a question a very large event for the Company."
Forward Looking Statement
Certain statements that we make may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. The statements contained herein may contain certain forward-looking statements relating to NXMR that are based on the beliefs of NXMR's management as well as assumptions made by and information currently available to NXMR's management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to the NXMR's business prospects, future developments, trends and conditions in the industry and geographical markets in which NXMR operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, overall market trends, risk management and exchange rates.
ABOUT US
NextMart, Inc., a Delaware Corporation, is a public quoted Pink Sheet issuer under the ticker symbol "NXMR". Currently, NXMR currently is a shell company with a new management team with plans to become a current alternative reporting issuer with OTC Markets. The Company is currently looking for an appropriate business acquisition.
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SOURCE NextMart, Inc.
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