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NuState Announces New Talks With AMPS N.V. for Multi-Million Dollar Alternative Energy Projects

2014-12-19 10:00 ET - News Release

COLUMBIA, SC -- (Marketwired) -- 12/19/14

NuState Energy Holdings, Inc. (OTC PINK: NSEH) announced today, it has initiated primary talks with AMPS N.V. (http://www.amps.sr), based in Paramaribo, Suriname, to enter into a license agreement with its partner The Ronn Motor Group in relation to the purchase of NuState's IP software, GPSTrax for their multi-million dollar alternative energy projects. AMPS focuses on providing EPC services Power Transmission & Distribution, Renewable and Conventional Energy as well as Power Management Systems to Suriname and its Caricom members.

CEO Kevin Yates stated, "We have maintained our interests and relationships in Suriname since our initial meetings back in 2011. We have worked diligently to find the right opportunity for us to partner with the initiatives that are ongoing in this emerging market country. My relationships in the country and with Steven Mannen have always been strong and we are very excited to be focusing on a new partnership with The Ronn Motor Group. A summit is being planned which will take place in Curacao during next month. The focus will be on the development of a strategic plan for working together on the alternative energy projects. The first projects are in excess of 5 million dollars. AMPS is proving to become a leader in providing new energy solutions in South America and the Caribbean. We are very excited to be a part of the global movement of providing new and alternative energy solutions."

About NuState
NuState Energy Holdings, Inc. is a technology company specializing in providing pertinent, real-time information to the worldwide transportation, clean energy and security industries. NuState's proprietary software, GPSTrax, is built on an Open Architecture platform for the logistics and telematics industries.

For more information about NuState, email info@nsehinc.com or call (803) 748-1309. NuState is located at 1201 Main Street, Suite 1980, Columbia, S.C. 29201.

Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

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