Negotiation and LOI Submitted for Potential Acquisition

Draper, UT Tuesday, March 2, 2021 NRP Stone, Inc. (OTC:NRPI) – Negotiation and LOI  Submitted for Potential Acquisition 

NRP Stone, Inc. recently opened formal negotiations with an aerospace company and subsequently submitted a Letter of Intent for an acquisition. As background, worldwide shutdowns and soft diamond pricing has prohibited NRP representatives from traveling to exporting diamond nations to purchase diamonds and gold for its planned production of ingots, jewelry, and coins. This obliged management to look at all options. After analyzing worldwide trends, a strategic decision was made to look for other opportunities that would better serve NRP shareholders.

In 2020, NRP was made aware of an individual who expressed some very ambitious initiatives in the aerospace industry. However, NRP was hesitant to perform any formal due diligence until more substantive business and strategic plans had been developed, preliminary acceptance by potential industry collaborators and partners had been demonstrated, and company had been structured. David Clark, President of NRP Stone observed, “We have carefully watched him develop a management team and watched as his ideas were assessed. We saw things develop and observed the industry’s reception over the last year. That is really what drew us toward taking a closer look at the project.” Even though the company is new, their multi-faceted initiatives have raised initial interest from both public and private aerospace enterprises. 

After several discussions and observing the effective nature of management, a Letter of Intent was submitted on Tuesday, February 23, 2021. Mr. Clark continued, “We have been very encouraged by each and every discussion. Their focus and synergy is contagious. As each level of negotiation progressed, a high level of cooperation and shared vision emerged, confirming that NRP needs to be associated with them.”

US OTC symbol: NRPI; CUSIP: 62940J200. Released through OTC Markets.

Disclosures and Caution Concerning Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, economic and market factors, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company, its management, or affiliates, undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.