Houston Natural Resources Corp (HNRC)

[TheHungryHippo]

I saw it on another stock earlier too. Wellington Shields may be just picking up business and trying to get several companies listed this year.. Seems odd they almost use the exact same language.. but perhaps this is all they are allowed to say. This investment bank Wellington shields probably does not allow other companies to use their name until they have executed an agreement. There are probably non disclosure agreements of some sorts. I can tell you this though. Wellington Shields successfully uplisted WHLR: to the nasdaq in late 2012



LAS VEGAS, NV--(Marketwired - Sep 9, 2013) - National Automation Services, Inc. (OTCQB: NASV) (the "Company"), announced today it has signed two investment banking agreements with a leading New York-based investment banking firm to assist in acquisition financing and public offering. The investment banking firm, founded in 1925, is one of the oldest in the United States, a member of the New York Stock Exchange and a full-service broker-dealer employing over 500 people. The firm manages two Morningstar-rated funds with over 2.8 billion retail accounts, nearly 100 registered representatives and 20 investment advisors in six branch offices in U.S.A. Under the first agreement, the Company has retained the investment banking firm as its exclusive placement agent and financial advisor in connection with acquisition financing of up to $30,000,000 in debt. The Company must meet various terms and conditions, which it believes are reasonable and attainable in due course of business of this type. The second agreement is a $30,000,000 firm commitment underwritten public offering on a major exchange (AMEX or NASDAQ) represented by the investment banking firm. The planned public offering is subject to the Company's successful auditing and acquisition of its two current target business firms. The Company's Director and CEO, Bob Chance, said, "We are very pleased to establish this relationship with such a prestigious New York Stock Exchange member firm, which confirms and validates our business plan. We expect the assistance of this well established investment banker to accelerate our growth strategy through acquisitions and with their assistance, move NAS to NASDAQ or AMEX . We have launched an aggressive acquisition program, with our internal due diligence completed on some and beginning on several new acquisition targets. Our management believes we can satisfy the conditions in both investment banking agreements and continue our new journey as a Public Holding Company."