SOURCE: Next Fuel, Inc.

May 30, 2012 09:35 ET

Next Fuel, Inc. Shares Begin Trading on OTCQX

SHERIDAN, WY--(Marketwire - May 30, 2012) - Next Fuel, Inc. (OTCQX: NXFI) (PINKSHEETS: NXFI), which develops and commercializes clean energy and environmental technologies and solutions, today announced that its common stock is now trading on the OTCQX®. The OTCQX is the highest market tier operated by OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for OTC-traded equities.

Next Fuel began trading today on the OTC market's prestigious tier, OTCQX. U.S. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on

"OTCQX provides services to companies that enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Next Fuel to OTCQX."

C.K. Cooper & Company will serve as Next Fuel's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing guidance on OTCQX requirements.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. OTC Markets Group organizes the wide spectrum of OTC-traded equity securities into three marketplaces to inform investors of opportunities and risks -- OTCQX - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Its information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit

About Next Fuel, Inc.

Next Fuel, Inc. develops and commercializes innovative technologies associated with renewable energy, including unconventional natural gas production from lower-grade coal, lignite, oil shale and other carbonaceous deposits. The Company is currently in the process of commercializing its Coal-to-Gas (CTG) technology with strategic international partners.

Although the Company's CTG technology is the only product with near-term revenue potential, the Company has also acquired, or is developing, advanced technologies associated with (1) environmental challenges associated with the treatment of energy-related waste water, (2) processes for carbon dioxide conversion and carbon loop closure, and (3) biological fuel cells. In collaboration with leading research institutes, Next Fuel, Inc. is focused upon the identification, development and/or acquisition of a portfolio of growth opportunities with compelling market potential that are consistent with clean energy and environmental stewardship.

The Company is headquartered in Sheridan, Wyoming, and its common stock trades on the OTCQX under the symbol "NXFI".

Forward-Looking Statements

This announcement contains forward-looking statements, including statements regarding the timing of future products, future contracts and future business to be conducted by the Company, all of which involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the ability of the Company and its collaborating partners to successfully develop and commercialize new technologies, the results of CTG field tests, receptiveness of the market to the Company's technologies and services, negotiations between the Company and its Chinese partners, the ability of the Company's Chinese partners to enter into and implement agreements with the owners of coal, lignite and other similar deposits and other factors discussed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update such statements.

Contact Information

  • For Additional Information, Please Contact:

    Rob Kindle
    Next Fuel, Inc.
    (307) 674-2145


    RJ Falkner & Company, Inc.
    Investor Relations Counsel
    (830) 693-4400