SOURCE: NX Capital Co.

November 20, 2013 14:00 ET

NX Capital Co. Recruits Experienced Management Team

DENVER, CO--(Marketwired - Nov 20, 2013) - NX Capital Co. (OTC Pink: NXCP) announced today that F. Jeffrey Krupka has resigned from the Board of Directors and all other positions with the Company. Mr. Krupka has been instrumental in reshaping NX Capital's business model to become a uranium holding and exploration company.

The Company has recruited Mr. Kelly Dearth to assume the roles of the Company's Chairman and Interim Chief Executive Officer. Mr. Dearth brings a wealth of experience to the Company in the mining and exploration sector. Mr. Dearth started his career with Dearth International where he assisted in providing geological consultation services for such companies as Taiwan Power, Union Carbide, Santa Fe Mining CO and many others. In addition, he has also owned and operated his own construction company. He brings to the Company not only his geological and mining experiences but also a depth of management experience. Mr. Dearth will serve as the Interim CEO, while he puts the Company's management team together.

"This is an exciting time for NX Capital; with the anticipated change in market conditions and global plans to tap alternative energy sources, our company will be positioned to move aggressively to identify and consolidate strategic acquisitions that will fit our business model. I wish to thank Mr. Krupka for his role in positioning NX Capital for the future," said Mr. Dearth, NX Capital CEO.

NX Capital Co. is a Colorado-based company seeking to develop its operations in the mining and energy 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 agreements. 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.

Contact Information

  • Contact Information:

    NX Capital Co.
    Kelly Dearth
    Interim CEO