About Nexus Energy Services, Inc.
Nexus Energy Services has been a 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.
The company description above is real and reflects the business Nexus is currently in. Early last year the company changed its name to Illegal Restaurant Group, Inc. and adopted the ticker symbol IBGR. The business description (still posted on OTC Markets) was:
“Our focus has been on providing a fast, fresh and convenient product that enables the consumer to enjoy our food either in our restaurant, or take out to their home or office. Our relationship with some of the top fresh food suppliers, allow us to secure the best current market prices for all of our specialized meats and products that we purchase on a daily basis.”
In the company’s September 30, 2015 annual report they gave the following explanation:
In the Quarterly Report for the period ended March 31, 2015, it was reported that the company had completed a reverse merger with, and had changed its name from Nexus Energy Services, Inc., to Illegal Restaurant Group, Inc. That announcement was premature and eventually proved to be in error as the reverse merger was not actually completed. A number of technical issues developed during final negotiations and were not able to be resolved so that the parties ultimately decided that the reverse merger could not be completed as negotiated. Thus, neither the reverse merger nor the name change, as announced, was actually completed.
To further clarify where the company is at today, a press release was recently issued that stated:
“Despite the recent merger being cancelled all assets of Nexus remain and a new CEO has been appointed, Bill Schaefer. The company is actively pursuing new Merger candidates, and is in talks with several potential companies that fit the company’s criteria to build shareholder value.”
IBGR is currently operating in the oil & gas industry where they generate a modest level of revenue. Hopefully some of the potential confusion has been cleared up.
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