SOURCE: NuState Energy Holdings, Inc.

NuState Energy Holdings, Inc.

January 05, 2015 09:20 ET

NuState Energy Holdings CEO Files Form 4 for 5 Million Shares of Common Stock Purchase

COLUMBIA, SC--(Marketwired - Jan 5, 2015) - NuState Energy Holdings, Inc. (OTC PINK: NSEH) announced today Chief Executive Officer Kevin Yates purchased an additional 5 million shares of the company's common stock in the open market at the prices of $0.0005 and $0.0004 per share. This purchase brings the total number of shares of the company's common stock that Mr. Yates owns to 115,000,000. Mr. Yates' purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed with the Securities and Exchange Commission.

As stated by Mr. Yates, "I firmly believe that the Company's publicly traded share price undervalues the true equity of our Company given our recent announcements in regards to The RONN Motor Group agreement and our world-wide marketing plan going forward. For this reason I elected to purchase these shares and further demonstrate my enthusiastic belief in our Company's business model and vision. We are all very excited about the possibilities for the company as a result of the agreement with The RONN Motor Group and I look forward to participating in the market with additional future purchases of the company's common stock."

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. NuState's proprietary software, GPSTrax, is built on an Open Architecture platform for the logistics and telematics 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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