Published: January 13, 2006
NRG Resources, Inc. Engages Coastline Capital Partners as Its Investment Banker
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.
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