HNRC provides update with letter to shareholders

0

HOUSTON, December 21, 2021 / PRNewswire / – Houston Natural Resources Corp. (OTC: HNRC) (“HNR or the Company”) updated its shareholders with a summary of its recent business developments, significant achievements since the start of the year, as well as an overview of the strategic direction for 2022 and beyond.

Dear shareholders,
Our company is focused on building a diversified holding company for its business operations and holdings. It is dedicated to increasing shareholder value by developing natural resources with cutting edge innovative technologies in tandem with water recycling that are environmentally friendly and socially responsible. The company is focused on using a public trading vehicle, to acquire ownership positions in mid-market companies over the next three years.

During the past two years, through the difficulties of COVID, the company acquired Houston Natural Resources, Inc (“HNRI”). HNRI has installed its first saltwater disposal unit and is currently installing its second unit to be able to increase its wastewater treatment capacity. The company also plans to rework its existing wells and acquire producing wells.

The company has seen an increase in the advisory services it provides to its portfolio companies.

The company’s revenue increased 81% from the previous year and profits doubled for the same period to reach $ 0.34c per share with a net asset value of $ 4.00 per share.

As previously announced, the company is currently forecasting revenue for 2021 at $ 17 million and $ 8 million in earnings before interest, taxes, depreciation and amortization. It would be an estimate $ 00.43c per share in earnings for 2021. The company expects earnings to exceed $ 23 million in 2022 and 10 million dollars in earnings before interest, taxes, depreciation and amortization. Gains should be greater than $ 0.50c per share in 2022.

The company hopes to achieve this through a combination of organic growth, acquisitions and expansion. In addition, the company expects an increase in advisory services revenues from its investment portfolio. The company is targeting acquisitions in the 10 million dollars at $ 50 million range to increase the value of its portfolio.

The Company intends to focus on realizing value on the total of $ 9.67 per share of assets held by its subsidiaries for the benefit of 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 huge opportunity before us and I have no doubts that we have the team in place to take advantage of it. We thank you for your continued support, and we wish you all Happy Holidays, and well done for a healthy and prosperous year 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 by developing natural resources with cutting edge innovative technologies in tandem with sustainable environmental oilfield toxic waste disposal and recycling services that are environmentally friendly 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 fact 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 Corporation.
E-mail: [email protected]
Telephone: +1 757-707-4563

SOURCE Houston Natural Resources Corp.

Share.

Comments are closed.