"the creative thinking of DeVries III"
Kind of like this one from a few years ago, Now this is creative thinking and like SLJB, it never happened.
90 - 100 days to rehab a refinery?
Just take the dead cat out of the crater formed last November and flip it.
.........................................................................................................................
NANNACO, Inc. Announces Intent to Purchase Jet Fuel Refinery in Nixon, Texas
SAN ANTONIO, Dec. 11 /PRNewswire-FirstCall/ -- Today, CEO of NANNACO, Inc.
(OTC Bulletin Board: NNCO), Andrew DeVries, III announced that the Company has
entered into a letter of intent for the purchase a refinery in Nixon, Texas
that specializes in the production of JP-8 jet fuel for nearby San Antonio
military base installations. The refinery, pending the expected successful
outcome of the negotiations, would be run and managed by Mr. Al Eyster, a
renowned leader in refinery construction and management who has led teams for
giants in the petro-chemical industry, such as British Petroleum and others,
through some of their largest facility and production projects.
"We see this refinery as an opportunity to gain a significant share of the
jet-fuel refining market right here in our own backyard," said DeVries. "I've
been around these types of facilities my entire life. I think I know when a
potentially profitable operation has been overlooked by the big players of the
energy industry."
DeVries estimates that the refinery, when running at full capacity, (prior
to viable expansion opportunities) should achieve revenues of $46.2MM per
year. The refinery will require approximately 90-100 days for refurbishing
and ramp-up production procedures. "We are not only pleased with the
opportunity to acquire the discounted assets, but also to have Al Eyster take
the reins and manage operations from day one," said DeVries.
Statements in this news release that are not historical facts, including
statements about plans and expectations regarding products and opportunities,
demand and acceptance of new or existing products, capital resources and
future financial results are forward-looking. Forward-looking statements
involve risks and uncertainties, which may cause the Company's actual results
in future periods to differ materially from those expressed. These
uncertainties and risks include changing consumer preferences, lack of success
of new products, loss of the Company's customers, competition and other
factors discussed from time to time in the Company's filings with the
Securities and Exchange Commission.
For further information, please contact Andrew DeVries, III at
(210) 496-7566, or send correspondence to 2935 Thousand Oaks, #6-261, San
Antonio, TX 78247.
SOURCE NANNACO, Inc.
“I got a great deal on some French WW2 army surplus guns. Never used and only dropped once...”
