HNRC STRONG FOURTH QUARTER
EARNINGS EXPECTED
PROJECTED TO CONTINUE IN
2022
HOUSTON, TX -- December 15, 2021
-- InvestorsHub NewsWire -- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") announced today that it expects to
report strong results for the quarter
ending December 31, 2021 and expects
it to continue in 2022.
The company is currently projecting revenues for 2021 to be
$17m and $8m in earnings before interest, taxes,
depreciation and amortization. This would be an
estimated $0.43c per share in earnings for 2021. The company is
projecting revenue to exceed $23m in 2022 and $10m in earnings
before interest, taxes, depreciation and amortization. The earnings
would be projected to be in excess of $0.50c per share in
2022.
The company expects to achieve this through a combination of
internal growth, acquisitions and expansion. In addition, the
company expects to see an increase in advisory services revenue
from its investment portfolio.
The company is targeting acquisitions in the $10m to $50m
range to increase its portfolio value.
The company's net assets have increased by more than 100%
to $73,446,688 over
the last three years. The company's net asset value
is $4.00 per
share for the period
ending September 30, 2021. The
company intends to continue to acquire additional assets over the
next three years.
The company's revenues have increased by more than 81%
to $12,855,708 over
the last nine months from the previous year and net income
increasing by more than 192%
to $7,094,342.
The Company intends to focus on realizing the value
on the total
of $9.67 per
share in assets held by its subsidiaries for the benefit of the
shareholders. The strategy may include asset sales, a spin-off of
one or more of its subsidiaries and dividends to
shareholders.
HNRC is a diversified holding company that has two
subsidiaries, Houston Natural Resources, Inc ("HNRI") and Worldwide
Diversified Holdings, Inc ("WDHI"). HNRI owns oil and gas
properties and a waste-water treatment plant. WDHI has business
operations that provide products & services in the Information
Technology & Healthcare markets.
About Houston Natural Resources
Corp
Houston Natural Resources Corp (HoustonNaturalResources.com)
(OTC:HNRC).
The Company is dedicated to increasing shareholder value through
developing natural resources with state-of-the-art innovative
technologies in tandem with sustainable environmental services of
toxic oil field waste disposal and recycling that are
environmentally safe and socially
responsible.
About Worldwide Diversified
Holdings, Inc.
Worldwide Diversified Holdings, Inc.(www.wdhinc.net).
The company is a diversified holding company with business
operations and investments. The portfolio companies include
investments in information technology and healthcare.
FORWARD-LOOKING
STATEMENTS:
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties.
Contact:
Houston Natural Resources Corp.
E-mail: frank@HoustonNaturalResources.com
Phone: +1 757-707-4563