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NANNACO, Inc. Offered $11M/Yr. in Crude Order Fill; Forecasts $4M in Revenues
SAN ANTONIO, Jan. 21 /PRNewswire-FirstCall/ -- NANNACO, Inc. (BULLETIN BOARD: NNCO) today announced a third supply source for its purchase and management agreement concerning the acquisition of raw materials, petrochemical, and primary derivative sales. NANNACO has begun and expects to finalize an agreement today with Tony Aguilera of Gryphon Partners, LLC to negotiate and acquire crude and other petrochemical product materials from non-domestic production points, beginning with Venezuela, where an offer to fill an allotment equal to approximately $11M/yr. of a previously-reported Primary Beneficiary SBLC has been tendered to the company.
"I've known Tony for a number of years. His experience in international trade, contract negotiations, and I.C.C. regulations will be invaluable to any and all non-domestic Seller-side sources regarding our $150M Standby Letter of Credit (SBLC)," said Andrew DeVries, NANNACO, Inc.'s president and CEO. "Gryphon Partners is exactly the organization we need at this time. It looks as if we will be fielding many offers from sources outside the U.S. Tony and his team are more then capable of validating these sources."
NANNACO, Inc. currently has 8 project development agreements, joint venture and consultancy agreements for emerging companies.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. For more information, please contact the Company at (210) 496-7566, or send correspondence to: NANNACO, Inc., 2935 Thousand Oaks, #261, San Antonio, TX 78247.
NANNACO, Inc.
CONTACT: Andrew DeVries, III of NANNACO, Inc., +1-210-496-7566 |
