SOURCE: NuState Energy Holdings, Inc.

NuState Energy Holdings, Inc.

October 19, 2015 10:30 ET

NuState Energy Holdings Inc.'s (NSEH) CEO Kathleen Roberton Sets New Agenda for the Company With a Three Step Plan

COLUMBIA, SC--(Marketwired - Oct 19, 2015) - NuState Energy Holdings, Inc.'s (OTC PINK: NSEH) CEO Kathleen Roberton announces that NSEH will begin implementation of a Three Step Plan to get the Company back on track to success. The Company has already taken steps to enhance its public disclosure on OTC Markets by filing 2012 & 2013 10K and is working diligently to file the remaining Qs and Ks to bring NSEH completely current. NSEH has also filed a 14C with the intent to move the Corporation from Nevada to Florida which will save the company over $2,000 yearly on stock taxation. The mandate, moving forward, is to start reorganizing the debt on the balance sheet as well as the conversion rights of Preferred Shareholders, so that the company has minimal debt and free of massive dilution. Once this is achieved, NuState Energy Holdings Inc., plans to pay the OTC Markets fees, have officers vetted and once again be in good standing as an OTCQB company. The final part of the plan is to roll out a "Hand Held" application of the GPSTrax software, first on Droid Phones, featuring a Consumer based application while continuing to diversify and to build a strong "Fleet" Licensing base for GPSTrax.

Ms. Roberton states, "The Three Step Plan is absolutely necessary in order to attract future investments into NSEH. If we commit ourselves to remove affiliate & non affiliate debt and remain current on all SEC filings we will be able to restore investor confidence, as well as, build net stock holders' equity on the balance sheet. This is a process that we are committed to forging ahead with and our ability to complete those tasks are a function of cooperation, teamwork and time."

Kevin Yates, Chairman of NuState Energy Holdings, Inc., says, "We have a team of very qualified professionals that will implement this strategy and our mandate. Additionally, NSEH, will seek to have more of a transparent dialogue with its investors, as to the clarity of implementing those objectives. As we meet certain milestones, the investment community will be made more thoroughly aware through public disclosure and record."

About NuState:

NuState Energy Holdings, Inc. is a technology company specializing in vehicle telematics and the connected car. Our proprietary technology, GPSTrax works on any car manufactured since 1996 allowing us to access car sensors through the government-mandated open OBDll port. GPSTrax relies on low-cost hardware that can be easily self-installed under the dashboard and paired via Bluetooth/Wi-Fi to a mobile device, storing data in the cloud.

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

FORWARD LOOKING STATEMENT: This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. These risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

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