HNRC 2022 Update Letter To Shareholders HOUSTON, Aug. 18, 2022 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC 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 dedicated to increasing stockholder value through the development and expansion of its two majority owned subsidiaries.
Houston Natural Resources, Inc ("HNRI"). HNRI is a 100% owned subsidiary of HNRC and will be expanding the energy interests of the company. The company has begun the process of reworking its existing 83 oil wells discussed herein and acquiring additional producing oil wells. The company will also continue to seek new oil and gas and wastewater treatment acquisitions. Continue expansion of its oil & gas remediation wastewater treatment facility. The opening of additional facilities. Also continuing to focus on its strategy to invest and sponsor Special Purpose Acquisition Corporations ("SPACs") in the energy sector.
Worldwide Diversified Holdings, Inc. ("WDHI") is a majority owned subsidiary of HNRC and will be expanding the technology interest as a diversified holding company. The portfolio holds over $53 million in non-energy assets which it will spin off in 2022 as a publicly traded company. Recently the company has had an increase in revenues from advisory services that it provides to its portfolio companies. HNRC Shareholders of record prior to the end of 2022 will receive an equity dividend in WDHI based on shares owned in HNRC. WDHI expects to acquire and develop additional revenue streams in the technology sector by targeting acquisitions in the $10m to $50m range to increase its portfolio value.
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