U.S. Securities and Exchange Commission
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) February 9, 2022
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Commission File No. 033-09218
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NextMart, Inc.
(Exact name of small business issuer as specified in its charter)
|
Delaware (State or jurisdiction of incorporation or organization) |
000-26347 (Commission File Number) |
41-0985135 (I.R.S. Employer Identification No.) |
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| 98 Lower Westfield Road, Holyoke, MA | 01040 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (602) 499-6992
10119 E. Winter Sun Drive, Scottsdale, AZ 85262
(Former Name or Former Address, if Changes Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common and Preferred | NXMR | OTC MARKETS |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events
NextMart, Inc. (the “Company” or “NXMR”) – NXMR announces that it has entered into an agreement to acquire all of the assets and book of oilfield business from Defender Contracting, LLC, a Texas limited liability company, located in Monahans, Texas (the “Agreement”).
Forward Looking Statement
Certain statements that we make 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 NXMR’s management as well as 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, without limitation, statements relating to the NXMR’s business prospects, future developments, trends and conditions in the industry and geographical markets in which NXMR operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, overall market trends, risk management and exchange rates.
Item 9.01 Financial Statements and Exhibits
(d)
Exhibit 99.1 – Press Release
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| NextMart, Inc. | ||
| By: | /s/ William Bouyea | |
| Chief Executive Officer | ||
Date: February 9, 2022
Exhibit 99.1
NextMart, Inc. – Acquisition of Oil Field Services Company
HOLYOKE, MA (ACCESS WIRE) February 9, 2022 – NextMart, Inc. (the “Company” or “NXMR” - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce that it has entered into an agreement to acquire all of the assets and book of oilfield business from Defender Contracting, LLC, a Texas limited liability company, located in Monahans, Texas (the “Agreement”).
Pursuant to the terms of the Agreement, the Company will purchase all the operational assets (e.g., ten oil field tractor trucks with trailers and related equipment), Defender’s book of oilfield business, and retain most if not all of Defender’s work force. These assets acquired from Defender will be placed into the Company’s main oil field service operational entity, EMCO Oilfield Services, LLC (“Emco”) which was originally acquired in January 2022.
William Bouyea (CEO of the Company), states…” This is exactly the type of ongoing acquisition we are currently focusing on to build the operational capacity of Emco. By structuring our oil field service asset acquisitions in this manner (e.g., placing them under one operational entity), Emco will be able to negotiate and sign larger Master Service Agreements (“MSA”) for oil field services.”
Defender is an oil field services company which mainly operates in the Permian Basin of west Texas and southeastern New Mexico since 2013. Over the last three fiscal years, Defender has produced top line revenue of approximately $4.6M USD. Defender specialized in bulk transportation services (e.g., asset-based trucking, chemical hauling, plant to plant transfers, etc.), oil and gas services (e.g., water hauling, drilling and frac site hauling, drilling fluids and kill mud, freshwater and kill mud, and frac tank rental and transport, etc.), and environmental services (e.g., tank cleaning, hydrocarbon and salt cleanup and remediation, site construction, and hazardous and non-hazardous waste transport).
You can view Defender’s current web site at: www.DefenderContracting.com
Mr. Bouyea (CEO of the Company) stated further…” Emco will maintain the Defender office in West Texas which will allow them to provide oil field services across the Permian Basin. The Company will continue its asset roll up strategy in the oil field services industry to expand the operational footprint of its subsidiary Emco. We are looking for additional acquisitions in the oil field service industry and are currently in final negotiations with several operating entities. Our goal is to roll up oil field services operations into Emco in the Permian Basin as well as other hot oil production zones in the State of Texas. With the close of the Defender asset acquisition, Emco will have the asset footprint to meet our fiscal year 2022 and 2023 revenue goals of $10,000,000 USD and $20,000,000 USD, respectively, without further acquisition of related assets. But we have no plans to stop there. In short, the Company has a goal of becoming a significant player in the oil field service industry in the Permian Basin”.
Please review Emco’s web site at: https://emcooilfield.com/
Forward Looking Statement
Certain statements that we make 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 NXMR’s management as well as 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, without limitation, statements relating to the NXMR’s business prospects, future developments, trends and conditions in the industry and geographical markets in which NXMR operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, overall market trends, risk management and exchange rates.
ABOUT US
NextMart, Inc., a Delaware Corporation, is a public quoted Pink Sheet issuer under the ticker symbol “NXMR”. Currently, NXMR currently is a shell company with a new management team with plans to become a current alternative reporting issuer with OTC Markets. The Company is currently looking for an appropriate business acquisition.
| CONTACT: |
98 Lower Westfield Road
Holyoke, MA 01140
Phone: (602) 499-6992
Company Web Site: https://nextmartcorporation.com/
Emco Oilfield Services, LLC Web Site: https://emcooilfield.com/
Twitter: @CorporationNxmr
Company Email: info@nextmarkcorporation.com
Contact: William Bouyea, CEO