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NRG Resources, Inc. Engages Coastline Capital Partners as Its Investment Banker

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NRG Resources, Inc. (OTC: NRRI), an independent energy and oil products company, today announced that it has engaged Coastline Capital Partners, an Institutional Finance Division of Colony Park Financial Services, LLC ("Coastline") to act as its investment banker.

Coastline Capital Partners has been engaged primarily to advise and assist the Company with its corporate finance objectives.

Tony Vanetik, Chairman & CEO of NRG Resources, Inc., stated, "We are pleased with our new association with Coastline Capital Partners, and we anticipate deriving significant benefits from their financial expertise. They have a strong investment banking experience, and institutional distribution capacity."

Andrew Shayne, President of Coastline Capital Partners, stated, "We are looking forward to working with NRG Resources to help the company achieve its short term and long term organizational and financial goals."

About Coastline Capital Partners

Coastline Capital Partners, an institutional division of Colony Park Financial Services, LLC is a Los Angeles-based investment banking and brokerage firm, licensed with the National Association of Securities Dealers (NASD). Its services include investment banking, institutional sales and micro cap company financial advisory services.

About NRG Resources, Inc.

California-based NRG Resources, Inc. is an oil and gas exploration and oil products marketing company. The Company markets a proprietary line of lubricants for industrial and commercial application.

Forward-Looking Statements.

This announcement contains forward-looking statements, which can be identified by the use of forward-looking terminology such as "may," "expect," "anticipate," "estimate," "continue," "believe" "plan," "hope," "intend," or other similar words. We have made forward-looking statements with respect to the following, among others: our goals and strategies; our ability to earn sufficient revenues to operate and retain the human resources that we have recruited or are in the process of recruiting; our ability to continue to operate and/or develop our existing lubricants business; our ability to continue as a going concern. These statements are forward-looking and reflect our current expectations. These forward-looking statements are subject to a number of risks and uncertainties, some of which are beyond our control. Forward-looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although NRG Resources, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Investors are cautioned that all forward-looking statements involve high risks and uncertainty, including without limitation, our limited operating history, the costs and risks of exploring and developing new oil and natural gas reserves, our continued operations of our lubricant business, our future capital needs, our ability to retain qualified management and consultants, etc. These forward-looking statements, as well as statements which address operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results, are forward-looking statements. The forward-looking statements are made on the basis of management's assumptions and estimations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all of the risks, include our ability to obtain future sales, our ability to successfully integrate acquisitions, changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors, costs related to legal and administrative matters, our ability to realize cost savings expected, inefficiencies related to production that are greater than anticipated, changes in technology and technological risks, foreign currency fluctuations, increased fuel costs, the presence of downturns in customer markets where the company's goods are sold, financial and business downturns of our customers or vendors, and other factors, uncertainties, challenges. NRG does not intend or undertake any obligation to update any forward-looking statements.

Distributed by Market Wire



 
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