DENVER, CO--(Marketwired - Feb 13, 2014) - NX Capital Co. (OTC Pink: NXCP) announced today that John Conroy has been appointed as the Company's Chief Executive Officer and as a Director and Chairman of the Board. Mr. Conroy is an experienced executive and entrepreneur with more than 30 years of financial and CEO experience. His expertise focuses on turn around and start-up operations of new and existing companies. In his new role, Mr. Conroy will focus on building an exploration company positioned in the Uranium industry in the United States.
"NX Capital has a sound business model in the Uranium sector. The company's immediate goals are financially driven and focus on achieving fully reporting status with the SEC and securing the funding to ignite the Company's acquisition strategy. Additionally, we will work with our former CEO, Kelly Dearth and other industry specialists to build an experienced management team and add to our Board of Directors," said Mr. Conroy, CEO for NX Capital. Mr. Conroy further stated, "I'm excited about the anticipated changes in market conditions for Uranium worldwide, and NX Capital will be positioned to aggressively identify and execute its strategic business model."
Mr. Conroy replaces Kelly Dearth who has resigned as a director and CEO for personal reasons. Mr. Dearth has agreed to continue working with the Company as a consultant and will assist Mr. Conroy in identifying strategic acquisition targets.
NX Capital Co. is seeking to develop its operations in the Uranium industry, with a focus in the Western United States. At the time of this release, the Company is currently identifying potential property acquisitions, though it has not finalized any new agreements. Management cannot make any guarantees that it will be able to identify and close any such acquisition(s).
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with mining and energy exploration and development stage exploration companies including without limitation, other risks associated with private companies. At the time of the press release, the Company is not registered with the Securities and Exchange Commission (SEC) and does not have available for public dissemination its financial reports or other disclosure information.