SOURCE: NX Capital Co.

March 24, 2014 08:06 ET

NX Capital Co. Announces Subsidiary Name Change

BATON ROUGE, LA--(Marketwired - Mar 24, 2014) - NX Capital Co. (OTC Pink: NXCP) (PINKSHEETS: NXCP) announced today it has changed the name of its wholly owned subsidiary from Montrose Entergy Group, Inc. to NX Uranium, Inc. The name change becomes effective immediately and sets the stage for how the Company will operate in the future.

John Conroy, CEO, stated, "We are positioning the Company to become a growing producer in the Uranium sector and establishing a platform that adequately describes the thrust of our business model. Future references to operations and acquisitions will read "NX Capital Co. operating through its wholly owned subsidiary NX Uranium, Inc." 

NX Uranium, Inc. will have a separate advisory board chaired by Mr. Kelly Dearth. The advisory board will consist of industry experts that will assist the company with its acquisition targets and strategy. 

When asked about the priorities for the Company, Mr. Conroy stated, "We have implemented the new Business Plan focused on building a fully-integrated uranium production company over the next five years. The name change provides a better platform for promoting the company and raising the capital needed to execute our business model. Additionally, we have been working on the preparation for the audit, potential board appointments, new website and necessary steps to close additional acquisitions. It's an exciting time for NX Capital. There are a lot of moving parts that need to come together at the right time and that time is now. With the incident in the Ukraine, and Japan's announcement they are bringing reactors back online this year, it will only put upward pressure on the spot price for Uranium."

NX Capital Co. operating through its wholly owned subsidiary NX Uranium, Inc. 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 and the funding resources. Management cannot make any guarantees that it will be able to identify and close any such acquisition(s).

Forward-Looking Statement

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.

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