Nexus Energy Services Inc. Announces Merger with Illegal Restaurant Group Inc.

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Apr 02, 2015, 03:00 ET

HOUSTON, April 2, 2015 /PRNewswire/ -- Nexus Energy Services Inc. (OTC Pink Sheets:NESI) announced today the Company has signed a definitive agreement merging NESI with Illegal Restaurant Group Inc. (IBGR), a Holding Company for Colorado Based restaurant chain, Illegal Burger LLC. The parties have signed a definitive agreement dated April 1, 2015, to merge IBGR into the Nexus Energy Services Inc. (NESI) public company.

Under the terms of this Agreement, the surviving entity Nexus Energy Services Inc. will change its name to Illegal Restaurant Group, Inc. This merger will also include a new name and symbol change, which once approved by FINRA will take effect to reflect the new company and direction. Due to the recent downturn in oil prices the Company will cease oil and gas operations and is please to move in the restaurant sector. It believes the combination of strong revenues and a red hot sector will be the key to success for its shareholders.

Illegal Burger, a fast casual restaurant chain from Colorado providing high quality foods, has exploded onto the U.S. fast casual dining market, and has now made the move to becoming a publicly traded company in order to gain a foothold as one of the top fast casual restaurants competing with companies like Habit Restaurant Group, Shake Shack, and BurgerFi just to name a few.

Mr. Jim Nixon, Founder and CEO of Illegal Burger stated: "Our success as a company and our discussions with NESI management over these last few months has convinced us that merging with NESI is the right move for our company to bring us into the NASDAQ OTC publicly traded arena. This will help catapult us into the next phase of our branding and public marketing campaign as well as help retain quality leadership for our expansion both on a corporate and franchise level."

Loretta Higgins, CFO of Nexus Energy Services Inc. stated: "With Illegal Burger revenues just over $2 million a year and projecting $10-15 million this first year, coupled with the expansion into broader territories throughout the US, this will certainly add a considerable value to our existing and future shareholders. We have worked diligently with all parties associated to complete this merger in a timely manner, and to continue to build value for shareholders."

About Nexus Energy Services

Nexus Energy Services has been a leading, mid-level provider of Oil Pipeline and related facilities, Construction & Maintenance services in Texas, Louisiana, Oklahoma, Kansas, South Carolina, and New Mexico since its founding.

About Illegal Burger

Illegal Restaurant Group Inc., the parent company, owns and operates currently two restaurants in the Denver, CO area called Illegal Burger LLC.Illegal Burger was created to change the way people look at burgers, from the details of our sustainable decor, to the high quality products used in our food and recipes.

We're dedicated to giving our customers what they deserve: a burger made with quality, all-natural ingredients that tastes as good as it looks. Experience perfection with every bite, only at Illegal Burger. For more information Please visit our website at www.illegalburgerco.com.

Forward Looking Statements

Statements in this press release that are not purely historical facts, including statements regarding Nexus Energy Services beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "plan", "may", "expect", "anticipate", "intend", "estimate" or "continue" or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding our retained consultants to increase franchise sales in their targeted franchise markets. Additionally, there are number of other risk factors relating to our business more fully explained identified by us in our filings with the OTC Markets, which are available through http://www.otcmarkets.com.

SOURCE Nexus Energy Services Inc.