SOURCE: NRG Resources, Inc.

March 02, 2006 14:39 ET

NRG Resources Engages Friedland Corporate Investor Services for Financial Community, Investor and Shareholder Awareness Program

SANTA ANA, CA -- (MARKET WIRE) -- March 2, 2006 -- NRG Resources, Inc. (OTC: NRRI), today announced that it has engaged Friedland Corporate Investor Services to create and implement a financial community and investor marketing program designed to introduce the company to key members of the financial community and investors throughout the United States and internationally.

Friedland Corporate Investor Services, based in New York City and Denver, provides a comprehensive suite of financial marketing and investor relations programs and services to publicly traded companies. In addition to providing traditional investor relations services, Friedland Corporate Investor Services also provides several proprietary financial marketing strategies and programs, including its Herd on the Street website and email newsletter (www.herdonthestreet.com), and Herd Television, which is hosted at the Herd on the Street website. The Herd on the Street email newsletter has a circulation of approximately 400,000.

In addition, an affiliated company, Friedland Investment Events, is the world's largest sponsor of financial and investment events, sponsoring hundreds of conferences, breakfasts and luncheons annually in the U.S. and overseas.

Tony Vanetik, Chairman & Chief Executive Officer of NRG Resources, Inc. stated, "We are impressed with Friedland's professionalism, diligence and experience. After thorough research, we believe that we have engaged a financial marketing and investor relations firm that has established 'best practices' standards in the industry and who will effectively communicate our corporate message to Wall Street and investors in a succinct and accurate manner."

About NRG Resources, Inc.

Orange County, California based NRG Resources, Inc. is a business that manufactures and markets a proprietary line of oil additives and lubricants for industrial and commercial applications. The Company also owns a wholly owned subsidiary, NRG Resources Kazakhstan, Inc., whose principal activity is the exploration of oil and gas in Kazakhstan. For more information, please visit the Company's website at www.nrglc.com or send an email to info@nrglc.com

About Friedland Corporate Investor Services LLC

Friedland Corporate Investor Services provides financial marketing and investor relations programs to publicly traded companies, investment programs and funds, and financial services companies.

An affiliated company, Friedland Capital, Inc. is a U.S. based merchant bank and advisory firm with offices in New York, Dallas, Denver, Beijing and Guangzhou. Among its activities, Friedland Capital provides corporate finance advisory services to enable publicly-traded and privately-held emerging growth companies, as well as sponsors of investment programs worldwide, to achieve their short-term capital goals, and to realize their long-term business objectives. For more information, please visit the Company's website at www.friedlandworldwide.com.

Forward-Looking Statements

This announcement contains forward-looking statements, which can be identified by the use of forward-looking terminology such as "may," "expect," "anticipate," "estimate," "continue," "believe," "plan," "hope," "intend," or other similar words. We have made forward-looking statements with respect to the following, among others: our goals and strategies; our ability to earn sufficient revenues to operate and retain the human resources that we have recruited or are in the process of recruiting; our ability to continue to operate and/or develop our existing lubricants business; our ability to continue as a going concern. These statements are forward-looking and reflect our current expectations. These forward-looking statements are subject to a number of risks and uncertainties, some of which are beyond our control. Forward-looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although NRG Resources, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Investors are cautioned that all forward-looking statements involve high risks and uncertainty, including without limitation, our limited operating history, the costs and risks of exploring and developing new oil and natural gas reserves, our continued operations of our lubricant business, our future capital needs, our ability to retain qualified management and consultants, etc. These forward-looking statements, as well as statements which address operating performance, events or developments that we believe or expect to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales or earnings expectations, cost savings, awarded sales, volume growth, earnings or a general belief in our expectations of future operating results, are forward-looking statements. The forward-looking statements are made on the basis of management's assumptions and estimations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements. Some, but not all of the risks, include our ability to obtain future sales, our ability to successfully integrate acquisitions, changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities including increased costs, reduced production or other factors, costs related to legal and administrative matters, our ability to realize cost savings expected, inefficiencies related to production that are greater than anticipated, changes in technology and technological risks, foreign currency fluctuations, increased fuel costs, the presence of downturns in customer markets where the company's goods are sold, financial and business downturns of our customers or vendors, and other factors, uncertainties, challenges. NRG does not intend or undertake any obligation to update any forward-looking statements.

Contact Information

  • Contacts:
    NRG Resources, Inc.
    Hep "Alex" Trinh
    714-689-9100
    Vice President, Business Development

    Or
    Jesse Blum
    Friedland Corporate Investor Services LLC
    Tel. 303-468-1287

    For additional information on NRG Resources, please visit
    http://www.herdonthestreet.com