HNRC UPDATES WITH LETTER TO
SHAREHOLDERS
HOUSTON, TX -- December 21, 2021
-- InvestorsHub NewsWire -- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") updated shareholders with a
summary of its recent business developments, significant
year-to-date achievements, as well as provide some insight into the
strategic direction for 2022 and beyond.
Dear Shareholders,
Our company is focused on creating a diversified holding
company for its business operations and investment holdings. It is
dedicated to increasing stockholder value through developing
natural resources with state-of-the-art innovative technologies in
tandem with water recycling that are environmentally safe and
socially responsible. The company
is focused on using a public trading vehicle, to acquire ownership
positions in middle market companies over the next three
years.
In the last two years, through the difficulties of COVID, the
company acquired Houston Natural Resources, Inc ("HNRI"). HNRI has
installed its first Saltwater Disposal Unit and currently
installing its second unit to be able to increase its capacity for
wastewater treatment. The company is also looking at reworking its
existing wells and acquiring producing wells.
The company has had an increase in advisory services that it
provides to its portfolio companies.
The company revenues have increased by 81% over the previous
year and earnings have doubled for the same period to $0.34c per
share with a net asset value of $4.00 per share.
As previously announced, 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 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.
I am very excited about the tremendous opportunity we have in
front of us and am confident we have the team in place to
capitalize on it. We thank you for your continued support, and we
wish you all Happy Holidays, and cheers to a healthy and prosperous
2022.
Frank Kristan
President
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@hnrc.cloud
Phone: +1 757-707-4563
