Houston Natural Resources Corp (HNRC)

[trader_rik_14]

Frank the Boat Builder. LOL!!


http://www.zoominfo.com/p/Frank-Kristan/282461238


Millinocket rejects plan for new business
www.bangornews.com, 31 Mar 2003 [cached]
Officials said the deal offered by Frank Kristan, president of American Boat Builders Inc., and Jim Montgomery, a stockholder in that company, was a gamble and not in the best interest of the town.
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Millinocket officials aren't the first to raise questions about Kristan.He has been named in at least two lawsuits filed in Florida courts seeking damages of about $10 million each.
One of the Florida filings was a 1997 class action suit brought against Kristan and two other men by dozens of people in 15 states alleging securities fraud for selling them millions of dollars in worthless stocks and bonds from a dissolved Delaware corporation, MaraFund LTD.The suit was dismissed a few years later.An attorney, who asked not to be identified, said the suit was withdrawn because the defendants didn't have enough assets to justify pursuing it.
In 1999, Patriot Growth Fund LP, three profit-sharing plans, and several people sued Kristan and two of his companies, the Templar Corp. and Patriot Advisors Inc., for breach of contract.In documents, Kristan denied the breach.Last fall, a Florida jury ruled in favor of the growth fund group and awarded damages of more than $3.6 million.
Kristan, a native of Australia, said he has been involved in about 250 business transactions across the United States over 20 years."I've only had three lawsuits," he said, noting two of the suits involved the same group of people, who filed both in Florida and Arizona."They have been settled," he said.
Kristan said he is currently involved in four or five corporations."I generally start them up in particular industries, then bring in partners and sell them off as I was [attempting to do] in this case here," he said referring to his Millinocket proposal to have employees buy into 51 percent of the company."My most successful investments have been ones where I end up with 4 or 5 percent of the company."
Kristan and Montgomery came to Millinocket a few weeks ago with plans for an $8 million manufacturing facility that would employ 600 people in a few years.
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Kristan said the company, through its wholly owned subsidiary, Avenger Boats Inc., has no factory to manufacture its boats.Kristan is also president of Avenger Boats Inc.
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Millinocket officials aren't the only ones with questions about Kristan and Montgomery's boat building project.
AmericanBoatBuilders Inc., and ...
www.beboat.co.uk, 25 July 2011 [cached]
AmericanBoatBuilders Inc., and Frank Kristan, firm president, mentioned they have been earnestly considering locating a newboat- manufacturing unit within the Millinocket sector that'll hire as many as 2,600 individuals within the after 3 to 5 years.
Kristan mentioned Friday he hopes to generate a concluding decision on the
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doesn't hire everybody except Kristan.
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Kristan decreased to reveal listings about properties for the facility. He mentioned the firm is seeking to begin a port safety base in Maine that might offer careers not merely for manufacture the ships but to service them for 2 full decades.
Kristan mentioned the firm has contracted with General Mechanics to
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Kristan mentioned he and Montgomery have scrutinized other spots in Texas, Louisiana and Florida.
Kristan mentioned the firm needs to get its new plant up and running before the feds agreements are issued later this yr. "We certainly have the ships prepared to go. This is certainly our last decision," he mentioned
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tasks," mentioned Kristan.
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Kristan mentioned the fleet will be based at the Kittery-Portsmouth
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Kristan mentioned the Avenger fleet layouts were improved within the Nineties for use in a variety of applications world wide. He mentioned the ships
Avenger Boats proposes Port Security Fleet, Contracts with General Dynamics
www.prweb.com, 17 Dec 2002 [cached]
Frank KristanAvenger Boats, Inchttp://www.avengerboats.com/207-967-0289>; [e-mail]