AUSTIN, Texas, May 24, 2016 /PRNewswire/ --
Preston Corp (OTC: PSNP) ("Preston Corporation" "PSNP" or the "Company") today is pleased to announce that it has contracted Mr. Michael Grace as a financial and business advisor to the Board.
Mr. Grace is an experienced financial industry executive and corporate finance consultant specializing in trading, corporate finance, and investment banking. His extensive 30 year financial background has focused on structuring and advising existing companies occupying the small to mid-sized marketplace along with his role in advising new ventures and emerging companies
He has successfully listed over thirty new issues to the market working closely with the investment banking, corporate finance, and syndicate departments. Michael was a member of the management committee at NDB Deutsche Bank with nearly 400 employees under his direction.
Michael holds a degree from Columbia University in Political Science with a sub-concentration in management sustainability. Throughout his time at Columbia, Michael continued to consult small to mid-cap companies helping them to reorganize their operations making the infusion of new capital more attractive to investors.
Mr. Grace has in-depth knowledge of the financial markets as well as alternative energy, mining and minerals, and healthcare sectors. He specializes in creating capital funding for public companies especially in their initial start-up phase.
Andrew Stack president states, "Preston is pleased to have a business advisor of the quality of Mr. Grace and we look forward to working with him closely, taking advantage of his many special talents and experience which will be instrumental in building the Preston royalty model and maximizing the Company's value in the market"
About Preston Corp (OTC: PSNP)
Preston Royalty's mission is to develop the Company into a leading financial service provider, specializing in royalty financing for mining operations with the intent to realize large, continuous profits from ongoing economic interest in the production and future production of mining properties. Preston Royalty is gold focused but will create a diversified portfolio of royalties and streams wherever the value can be found regardless of commodity, geography, revenue type or stage of project. Preston Royalty is not an operator and therefore has none of the associated risks or capital requirements of mine operation.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, scope and type of consulting services provided by ITEC, use of proceeds, future acquisitions, success of projects, growth and strategic plans. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
To find out more about Preston Corporation (OTC: PSNP), visit our website at http://www.prestonroyalty.com
SOURCE Preston Corp