NEXTMART INC - NXMR STOCK NEWS

NextMart, Inc. (NXMR) is amending its articles of incorporation to reduce its authorized Common Stock from 750 million to 500 million shares. This strategic move aims to restructure the company's capitalization, benefiting current shareholders while attracting potential acquisitions. The amendment follows the cancellation of over 305 million shares and is expected to take effect by March 31, 2022. NXMR commits to not increase the authorized stock for at least three years, ensuring no unnecessary dilution for existing shareholders as it negotiates future acquisitions.

NextMart, Inc. (NXMR) has announced the removal of its "Shell Company" status by OTC Markets, following the completion of its initial acquisitions in January and March 2022. This change signals a shift towards greater transparency and credibility for investors. CEO William Bouyea emphasized the company's commitment to filing a Form 15c2-11, which would enable more market makers to quote NXMR stock, potentially reducing bid/ask spreads and enhancing trading volume. The company is actively seeking further business acquisitions to bolster its operations.

NextMart, Inc. (NXMR) announced the cancellation of 305,804,558 shares of Common Stock, reducing its outstanding shares by 46.28%. This action follows a breach of contract by China Internet Broadcasting, Limited regarding an asset exchange agreement from March 2010. The cancellation, completed on March 24, 2022, brings the total issued and outstanding shares to 355,025,304. NXMR is also exploring further cancellations of previously issued shares as part of a corporate cleanup effort.

NextMart, Inc. (NXMR) has regained its "Pink Sheet Current" status after fulfilling mandatory disclosure requirements with the OTC Markets Group. The company filed its financial statements for Q1 2022, ending December 31, 2021, on February 23, 2022. President William Bouyea acknowledged a missed filing deadline due to staff oversight but assured that measures have been implemented to prevent future lapses. NXMR is now focused on advancing its business plan and anticipates making several significant announcements soon.

NextMart, Inc. (NXMR) has announced the opening of a new eight-bay semi-truck and trailer repair facility in Carlsbad, New Mexico, serving oilfield trucking companies in the Permian Basin. This service center aims to meet the increasing demand for mechanical services due to projected growth in drilling and production activities. NXMR's subsidiary, Emco Oilfield Services, will provide vital maintenance to both its fleet and external clients. The company is also considering future expansions to further enhance service capabilities in the region.

NextMart, Inc. (NXMR) has appointed Mark McKenzie as President of its subsidiary, EMCO Oilfield Services. The acquisition of Defender Contracting earlier this month adds ten semi-trucks and vacuum trailers to EMCO's fleet, expanding its operations in the Permian Basin. This move aims to enhance revenue and cash flow. McKenzie, a military veteran with significant industry experience, is expected to leverage his background to build EMCO's client base and service agreements in the oilfield sector.

NextMart, Inc. (NXMR) has announced an agreement to acquire all assets of Defender Contracting, LLC, an oilfield services company based in Texas. The acquisition includes operational assets such as ten tractor trucks and related equipment, which will enhance NXMR's subsidiary, Emco Oilfield Services, LLC. Defender generated approximately $4.6M in revenue over the last three years and specializes in various oilfield services. The CEO stated this acquisition aligns with NXMR's strategy to expand operational capacity and aims for significant revenue targets of $10M in FY2022 and $20M in FY2023.

NextMart, Inc. (NXMR) announced its acquisition of a controlling interest in Emco Oilfield Services, LLC, based in Carlsbad, New Mexico. Emco has generated over $45M in revenue since its inception in 2018, servicing more than 68 oilfield clients, including major companies like Exxon and Chevron. CEO William Bouyea noted the strategic alignment with NXMR's core business focus and potential for growth in the Permian Basin, especially as the oil industry rebounds post-COVID with prices nearing $90 per barrel.

NextMart, Inc. (NXMR) announces its entry into the crypto market, aiming to mine Ethereum and acquire revenue-producing nodes from established mining entities. The company is raising capital to support its mining operations and expects to launch this new segment by Q2 2022. CEO William Bouyea highlighted plans for further acquisitions of operational entities to enhance revenue and performance. NXMR aims to transition from a shell company to an active alternative reporting issuer on OTC Markets.