NextMart Inc. (OTCMKTS:NXMR) Announces New Water Stations in Carlsbad, New Mexico
Delaware-based corporation, NextMart Inc. (OTCMKTS:NXMR) is a public quoted Pink Sheet issuer under the ticker symbol “NXMR”. As of now, it is a shell company with a new management team with plans to become a current alternative reporting issuer with OTC Markets. It is on the lookout for the right business acquisition.
Market Stats
On Tuesday, NXMR stock moved down 4.41% to $0.0162 with more than 4.43 million shares, compared to its average volume of 2.78 million shares. The stock moved within a range of $0.0151 – 0.0183 after opening trading at $0.0175.
NextMart, Inc. – New Water Stations
NextMart, Inc. announced the development of two new water stations in Carlsbad, New Mexico, on July 19, 2022. As of now, the Permian Basin is growing exponentially when it comes to a new production of oil and gas properties.
The company is certain there will be a corresponding increase in the need for oil field services including water stations which are required for the development and operation of oil and gas leases. The management is engaged in the process of building out two new water stations in the Carlsbad area.
Oscar Maldonado, CEO of NextMart, says that opening two new water stations in Carlsbad is a way to ensure it becomes the main source of a large amount of new and growing water requirements in the Permian Basin for oil and gas producers. It is expected that operations will be up and running in the third quarter of 2022. It is one of the several planned future expansions to the revenue-producing operations of the company.
NextMart, Inc. Announces New Chief Executive Officer
Oscar Maldonado assumed the position of CEO and President of the company on July 1, 2022. He was the previous owner and officer of Two Brothers, LLC, a specialized oil field service company, which was acquired as a wholly owned subsidiary by NextMart on June 16, 2022, for 30,000,000 shares of Common Stock.
William Bouyea turned in his effective at the end of the third fiscal quarter, June 30, 2022. Mr. Maldonado has run Two Brothers Service in the Permian Basin since 2016. Before that, he worked for Occidental USA for over ten years ending with being the Production Coordinator for the State of New Mexico.
NextMart has also relieved Mark McKenzie, the head of business operations, of his duties. It has worked on unraveling the acquisition of Defender Contracting, LLC, too. In the place of Mr. McKenzie, NextMart has named Mr. Maldonado as the new head of business operations and has begun the process of consolidating all the Company’s oil field service addresses at the new operational location in Carlsbad for Two Brothers Service.
Mr. Maldonado is happy to be a part of the NextMart family. He thanks Mr. Bouyea for his tenure with the company and contribution in regards to the acquisition negotiation as well as for getting their oil field service division organized and fully operational. The company now seeks to be a major player in high-end, specialized oil field services in the Permian Basin, and gradually expand to other parts of the United States, and the world.
Traders Corner
NXMR stock is trading below the 20-Day and 50-Day Moving averages of $0.0218 and $0.0290 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0452.
