Next Fuel, Inc. (OTCQX: NXFI), which develops and commercializes "clean" energy and related environmental technologies, announced today it has retained JH Darbie & Co. to provide investment banking services.
Next Fuel will work with JH Darbie to evaluate potential acquisition candidates that would fit into the Company’s business plan for accelerating growth and increasing shareholder value. Next Fuel selected JH Darbie based on the bank’s reputation for providing high quality advisory and capital market solutions to small and mid-cap companies.
In addition, Next Fuel is pleased to announce the release of its investor relations app for iPhone, iPad and Android mobile devices. The Next Fuel investor relations app, which is powered by theIRapp™, allows users to navigate the Company’s investor relations materials as well as receive a stock quote and other important stock information. Features in the app include the latest press releases, SEC filings, presentations and marketing and background information from the Company. Sharing functionality via email, Twitter and Facebook is available as well as the ability for investors to be notified when new information is posted to the company’s IR app.
About Next Fuel, Inc.
Next Fuel, Inc. develops and commercializes innovative energy technologies, including unconventional natural gas production from lower-grade coal, lignite, oil shale and other carbonaceous deposits. The Company is currently in the process of commercializing its Coal-to-Gas (CTG) technology with strategic international partners.
Although the Company's CTG technology is the only product with near-term revenue potential, the Company has also acquired, or is developing, advanced technologies associated with (1) environmental challenges associated with the treatment of energy-related waste water, (2) processes for carbon dioxide conversion and carbon loop closure, and (3) biological fuel cells. In collaboration with leading research institutes, Next Fuel, Inc. is focused upon the identification, development and/or acquisition of a portfolio of growth opportunities with compelling market potential that are consistent with clean energy and environmental stewardship.
This announcement contains forward-looking statements, including statements regarding the timing of future acquisitions future products, and future business to be conducted by the Company, all of which involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the ability of the Company and its collaborating partners to successfully develop and commercialize new technologies, the results of CTG field tests, receptiveness of the market to the Company's technologies and services, negotiations between the Company and its international partners, and other factors discussed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update such statements.
For additional information, please contact:
Next Fuel, Inc.
KCSA Strategic Communications
Phil Carlson / Brad Nelson
Phone (212) 896-1233 / 1217