Entrex (OTC:NTRX) Appoints Matthew Henderson to Board as Company Advances Data Center Acquisition Strategy
Stephen H. Watkins
Matthew Henderson
Henderson has been instrumental in developing the debt and equity capital strategies to support NTRX’s planned acquisition of approximately 1,800 operating data-center units identified through the Company’s current acquisition agreements and letters of intent. His work has included structuring acquisition financing, engaging institutional capital sources and helping position the Company for the disciplined deployment of capital across its growing acquisition pipeline.
“Matt is an important part of our effort to transform NTRX from a development-stage company into a scaled owner and operator of cash-flow-producing digital infrastructure,” said Stephen H. Watkins, Chairman and Chief Executive Officer of Entrex. “His capital-markets experience, transaction discipline and ability to coordinate debt and equity resources have proven invaluable as we work to convert our acquisition pipeline into operating assets, revenue and EBITDA.”
Henderson commented, “NTRX has assembled an unusual opportunity to acquire existing data-center infrastructure at disciplined cash-flow multiples while building a national platform around low-cost, distributed energy. I look forward to working with Stephen, the Board and the Company’s capital partners to fund and execute that strategy responsibly.”
The Company also announced that Issa El-Chiekh Mohamad and Nickolas Tabraue will step down from the Board. Both joined the Board as representatives of UHF Logistics Group, Inc. and assisted with the transition to Entrex and its current business strategy.
“Issa and Nick helped us navigate an important period of corporate transition,” Watkins said. “With that work now complete, we thank them for their service and wish them well in their future endeavors.”
About Entrex:
Entrex (OTC: NTRX) acquires and operates proven, revenue-generating, EBITDA-producing natural gas-powered data processing infrastructure. The Company’s strategy is focused on acquiring cash-flowing operating assets supported by low-cost, distributed energy resources.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise such statements except as required by law.
Stephen Watkins
Entrex
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