NYTEX Energy Holdings, Inc. S-1 Stock Registration Declared Effective by SEC

Sep 20, 2011, 13:26 ET from NYTEX Energy Holdings, Inc.

DALLAS, Sept. 20, 2011 /PRNewswire/ -- NYTEX Energy Holdings, Inc., (OTCQB: NYTE) announced that the company's S-1 registration of 9,663,333 shares of Common Stock has been declared effective as of September 19, 2011 by the U. S. Securities and Exchange Commission.  The S-1 Registration Statement includes (i) 1,433,333 shares of Common Stock issuable upon conversion of 12% convertible debentures, (ii) 430,000 shares of Common Stock issuable upon the exercise of $2.00 per share warrants issued with the debentures, (iii) 6,000,000 shares of Common Stock issuable upon conversion of shares of  Series A preferred stock, and (iv) 1,800,000 shares of Common Stock issuable upon the exercise of $2.00 per share warrants issued in conjunction with the Series A preferred stock.

"Our S-1 registration being declared effective by the U.S. Securities and Exchange Commission is a significant milestone for NYTEX and furthers the execution of our plan to develop oil and gas reserves and provide products and services to the energy industry capitalizing on the significant technology advances that have unlocked abundant oil and natural gas resources in North America," said Michael Galvis, NYTEX President and CEO.

About NYTEX Energy Holdings, Inc.

NYTEX Energy Holdings, Inc. is a Dallas-based energy holding company consisting of two wholly-owned subsidiaries, Francis Drilling Fluids, Ltd. ("FDF") and NYTEX Petroleum, Inc. FDF is a thirty-four year old full-service provider of drilling, completion and specialized fluids and specialty additives; technical and environmental support services; industrial cleaning services; equipment rentals; and transportation, handling and storage of fluids and dry products for the oil and gas industry. Headquartered in Crowley, LA, and delivering its products and services from 22 facilities in five states, FDF is a market leader in the transportation of oil and gas well fracturing proppants and a major supplier of liquid drilling and completion fluids in the United States. Within the transportation segment of the oilfield service industry, FDF's fleet is one of the largest. FDF's warehouses, storage capacity, transloading facilities and 13 rail spurs provide proximity access to prominent oil and gas shale plays in several states. NYTEX Petroleum, Inc. is an exploration and production company focusing on early stage development of minor oil and gas resource plays.

This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements are those concerning the contemplated transaction and strategic plans, expectations and objectives for future events and operations. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that NYTEX Energy Holdings expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by NYTEX Energy Holdings based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of NYTEX Energy Holdings. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.

Contact:
NYTEX Energy Holdings, Inc.
Kenneth Conte, 972-770-4700

SOURCE NYTEX Energy Holdings, Inc.



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