NRP Stone 2020 Recap, Seeks New Acquisition

Draper, UT Friday, February 26, 2021 NRP Stone, Inc. (OTC:NRPI) – 2020 Recap, NRP Seeks New Acquisition

NRP Stone, Inc. released its 2020 Annual Report early in an attempt to prepare itself to seek another acquisition. Distribution of restricted stock to complete the Rare Minerals and Gems (RMGI) acquisition brought the total number of issued and outstanding shares to 232,648,479. This includes the approximate 66.8 million of free-trading shares in the float, which did not change. 

David Clark, President of NRP stated, “2020 was a difficult year and look forward to 2021.” Worldwide shutdowns severely impacted business in 2020 resulting in the contraction and/or closure of specialty businesses like NRP. The Company’s ability to import brown diamonds from overseas for processing into colored diamonds was completely impeded. Worldwide diamond prices fell dramatically. Pressure from competition, coupled with the flood synthetic diamonds into jewelry markets, played a major factor in the Company’s decision to halt diamond operations. 

Even though its interest in the diamond business has declined, NRP will continue to pursue a new formulation for Luxium as time becomes available with the scientists involved. The Company intends to continue to look for a tarnish resistant silver solution for industry and jewelry solutions.

NRP Stone has pursued other opportunities that may become suitable candidates for an acquisition to benefit of the Company and current shareholders. Mr. Clark continued, “We appreciate all those who have supported us and our efforts to move the Company forward. Thank you. We look forward to 2021 with confidence and optimism.”

NRP Stone, Inc. is engaged in marketing and distribution of unique precious metals and gems. US OTC symbol: NRPI; CUSIP: 62940J200. Follow us on Twitter @NRPSTONE and at http://nrpstone.co.

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.