NX Capital Corp.

April 26, 2007 18:35 ET

NX Capital Corp. Announces Year-End Results and Change of Annual and Special Meeting Date

CALGARY, ALBERTA--(CCNMatthews - April 26, 2007) - NX Capital Corp. (TSX VENTURE:OES) (the "Company" or "NX Capital") is pleased to report it's consolidated financial results for the fiscal year ended December 31, 2006. For complete disclosure of NX Capital's December 31, 2006 year-end financial results and Management Discussion and Analysis, please go to www.SEDAR.com and view documents listed under NX Capital Corp.

The Company also advises at this time that a new date has been set for the Annual and Special Meeting of the Company. The meeting will now be held on Wednesday, May 30, 2007.

In addition the Company reports that it is moving forward with the transaction with Newton Energy Inc. ("Newton"), whereby the Company will acquire all of the outstanding shares of Newton by issuing to the shareholders of Newton a total of 40,102,188 common shares (the "Proposed Acquisition"). Newton is engaged in the oil and gas exploration and development business. The Proposed Acquisition is a reverse takeover and change of business pursuant to the rules of the TSX Venture Exchange (the "TSXV").

About NX Capital

NX Capital is a publicly traded corporation listed on the TSX Venture Exchange. NX Capital successfully emerged from protection under the CCAA on June 17, 2005. During its restructuring process, NX Capital completed the divesture of all of its operating divisions. The principal business of NX Capital is now the identification and evaluation of assets or businesses with a view to completing a business transaction.


Certain information regarding NX Capital Corp. including managements assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, environment risks, competition from other producers and ability to assess sufficient capital from those anticipated in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • NX Capital Corp.
    Merv Chia
    Director and CEO
    (403) 514-9900
    Email: mchia@nexindustries.com
    NX Capital Corp.
    780, 435 - 4th Avenue SW
    Calgary, AB, T2P 3A8