NNRF Signs Binding Letter of Intent for Joint Venture in Cold Plasma

NNRF Signs Binding Letter of Intent for Joint Venture

RENO, April 6, 2023. NNRF, Inc. (OTC: NNRI) (“NNRF"), announced today that it has signed a Binding Letter of Intent with Plazer, LLC, a Wisconsin Limited Liability Corporation (“Plazer”) and Zeolite Australia Pty, Ltd, an Australian corporation (“Zeolite Australia”) to establish a Joint Venture for the purpose of developing a business related to a proprietary Cold Plasma System to be licensed to the new entity by Plazer.

The Cold Plasma System has well over 100 applications, however, the Joint Venture will focus initially on the development of the system as it relates to agriculture, farming and cattle. Within these segments, there are many opportunities available to the Joint Venture to pursue including Renewable Natural Gas, Fertilizer, Hydroponics, Animal Feed and more.  For Instance, the system can create Plasma Activated Water (“PAW”) for use in agriculture which has the ability to significantly increase agricultural production, seed germination, plant growth and the ability to control diseases and pests (see Pubmed ID 33860533), minimizing the need for pesticides in agriculture.  Plazer and NNRF will utilize the property in Tennessee that NNRF is in the process of acquiring for research and development, as well as an operating facility for the production of produce utilizing proprietary growing methods and PAW.  Elevate Nutraceutics, a subsidiary of NNRF, will also pursue development opportunities of PAW for use in nutraceuticals and hygienic applications.

The Plazer System is the first commercially viable system which can be scaled to meet the needs of larger projects.  “The system is so dynamic with so many possible opportunities that it would be impossible to list them all in one press release.  Which is why we have decided to have a series of releases which will address each of these industry-changing applications,” commented Tomi Holden, CEO of NNRF.  “With the pending acquisition of Zeolite and the completion of the acquisition of Elevate Nutraceutics, and the addition of this Joint Venture with Plazer, LLC, we have put together a system of businesses that will each be able to explore, develop and revolutionize many industries.  I look forward to sharing with everybody in the coming weeks the many business opportunities we will be pursuing.”

About the Joint Venture

The Joint Venture will be a Proprietary Ltd Company formed in New South Wales, Australia.  The ownership structure will be as follows:  NNRF – 40%, Plazer – 30%, Zeolite Australia – 30%.  The territory for the Joint Venture will include Australia, New Zealand and Southeast Asia.

About NNRF, Inc.

NNRF, Inc. has recently positioned itself as an eco-friendly holding company. We envision to become a leading diversified holding company, maximizing shareholders value and enabling economic development with specific focus on emerging green markets. NNRF looks to build value by targeting companies that are positioned to grow as the world moves to invest in and develop green technologies, green energy and healthier living and lifestyles.

About Plazer, LLC.

Plazer, LLC is a Wisconsin Limited Liability Company that has patents pending related to a proprietary cold plasma system which is the first viable cold plasma system available for large-scale commercial use.

About Elevate Nutraceutics, LLC

Elevate Nutraceutics is a Florida Limited Liability Company, wholly owned by NNRF, Inc.  The focus of Elevate Nutraceutics is to develop products and services related to health and wellness in the nutritional supplements and fitness arena.

About Zeolite Australia Pty, Ltd.

Zeolite Australia is a world class company supplying zeolite product for use in feedlot and stockfeed, agriculture and fertilizer, water filtration, water treatment systems, and aquaculture.  They have a strong management team with worldwide sales.  They also received the 2022 New South Wales Sustainability Award for Clean Technology.

Press Release Contact:

Tomi Holden President & CEO NNRF, Inc.

tholden@nnrfinc.com

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words anticipate, believe, continue, estimate, expect, intend, may, will, goal and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs, These forward-looking statements are subject to several assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the Risk Factors set forth in the Company’s most recent SEC filings. Considering these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipates or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements after the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.