SOURCE: NuState Energy Holdings, Inc.

NuState Energy Holdings, Inc.

January 22, 2015 10:15 ET

NuState Announces Convertible Note Paid to Its Creditors by IBC Funds LLC Is Paid Off and Sold Off

COLUMBIA, SC--(Marketwired - Jan 22, 2015) - NuState Energy Holdings, Inc. (OTC PINK: NSEH) announced today, that the Convertible Note paid to the creditors by IBC Funds LLC Is Paid Off and Sold Off as of January 19. The note was used to assist the company in paying the outstanding debt, which will be eliminated from the company's balance sheet.

CEO Kevin Yates stated, "Due to our recent efforts, we expect to see a bounce back from an oversold condition with regards to the stock. Our hope is to see a rebound during the rest of the quarter and for the stock to get back to a more reasonable valuation."

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About NuState
NuState Energy Holdings, Inc. is a technology company specializing in providing pertinent, real-time information to the worldwide transportation, clean energy and security industries.

For more information about NuState, email or call (803) 748-1309. NuState is located at 1201 Main Street, Suite 1980, Columbia, S.C. 29201.

Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

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