HNRC
TARGETS
ACQUISITIONS
HOUSTON,
TX -- May 12, 2021 -- InvestorsHub NewsWire
-- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") announced
today that
both of
its subsidiaries Houston Natural Resources, Inc and Worldwide
Diversified Holdings, Inc are targeting acquisitions.
Houston
Natural Resources, Inc is targeting acquisitions of
producing oil and gas properties in the United
States. The largest oil and
gas companies, including ExxonMobil, Royal Dutch Shell, Chevron and
BP, are projected to sell a combined $100 billion in oil and gas
assets around the world as they focus on top-performing regions
according to a new analysis from consulting firm
Rystad
Energy
(October
2020).
The
Company's management team is well positioned to identify attractive
risk-adjusted returns in the marketplace through their contacts and
transaction sources, ranging from industry executives, private
owners, private equity funds, and investment bankers. Our
management believes that its ability to identify and implement
value creation initiatives will remain central to its
differentiated acquisition strategy.
Worldwide
Diversified Holdings, Inc is focused on acquiring ownership
positions in small to middle market companies in the technology
industry. Almost $5 trillion in liquidity is expected to be created
as aging Baby Boomers transition out of their closely held
businesses to retirement. The
three most common exit strategies are sale of the company,
recapitalization, or ESOP.
The
Company expects to complete a transaction in the third or fourth
quarter of 2021 and anticipates the
acquisition to be at least $50 million in revenue.
About
Houston Natural Resources Corp
Houston
Natural Resources Corp (www.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.
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
Houston
Texas USA.