NextMart, Inc. – Acquired New Oilfield Services Company

HOLYOKE, Mass., July 1, 2022 /PRNewswire/ — NextMart, Inc. (the “Company” or “NXMR” – Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce that it has completed the acquisition of Two Brothers Services, LLC, a New Mexico limited liability company, which provides oil services in the Permian Basin (“Two Brother Services”).

The Company acquired 100% of the controlling capital of Two Brothers Services pursuant to a share exchange agreement dated June 16, 2022, for 30,000,000 ordinary shares of the Company. Two Brothers Services is located at Carlsbad, New Mexico, which is located in the major oil and gas fields of the Permian Basin, and provides specialized oilfield services, including Hot Oilers and Super Vac Trucks. Two Brothers Services has approximately 3 million US dollars fixed assets and equipment and generated a turnover of $1,600,000 in fiscal 2021. Two Brothers Services is expected to be able to beat fiscal 2021 revenue by closing fiscal 2022 at US$3,000,000.

William Bouyea (CEO of the Company), says…”We are pleased to acquire Two Brothers Services in Carlsbad, New Mexico. It is a fast growing oil services company in one of the hottest oil and gas producing areas in the country, the Permian Basin. They fit perfectly into the business portfolio we now have in the warm Permian Basin oil and gas market. Having Two Brothers Services as one of our operating subsidiaries and bringing Oscar Maldonado (Owner) within our team is undoubtedly a very important event for the Company.”

Forward-looking statement

Certain statements made by us may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. The statements contained herein may contain certain forward-looking statements relating to NXMR that are based on the beliefs of the management of NXMR as well as on assumptions made by and information currently available to NXMR’s management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, but are not limited to, statements relating to NXMR’s business prospects, future developments, trends and conditions in the industry and geographic markets in which NXMR operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, general market trends, risk management and exchange rates.

ABOUT US

NextMart, Inc., a Delaware corporation, is a publicly traded Pink Sheet issuer under the symbol “NXMR”. Currently, NXMR is currently a front company with a new management team planning to become a Current Alternative Reporting Issuer with OTC Markets. The Company is currently looking for a suitable business acquisition.

SOURCE NextMart, Inc.

Veronica J. Snell