NANNACO, Inc. Announces Agency/Pending Receipt of $150MM Credit Offering

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SAN ANTONIO, Jan. 8 /PRNewswire-FirstCall/ -- Today, C.E.O. of NANNACO, Inc. (OTC Bulletin Board: NNCO), Andrew DeVries, III announced that negotiations were finalized with an investment banking firm in New York and a Private Lender to obtain a one hundred and fifty million dollar ($150,000,000.00) Stand-by Letter of Credit (SBLC) for management and disbursement as purchasing capital within the energy industry. The initial SBLC will involve the selection of an advisory bank to maintain verification status of the credit line and monitor transactions as they meet satisfactory terms for the funding group. Successful utilization of the instrument and ongoing verification of seller-side performance should result in revenues in excess of $15-20MM dollars to the company before the SBLC is increased to a higher amount. "Our client has very graciously offered us a performance-based opportunity to increase our presence in their procurement objectives. We intend to utilize every available resource to not only meet the requirements of our client's expectations, but to exceed them," said DeVries. The company currently has nine project development agreements, and four Agent/Facilitator appointments that range from large block transactions of financial instruments through bonded escrow accounts to JV and Consultancy agreements for developing companies. All of these projects and appointments are documented by signed Contracts, Formal Offering Memorandums, and other Agreements that have vetted out the integrity of each enterprise. NANNACO, Inc. intends to move forward with each project to a successful and profitable result. "I've told everyone that the move to Project Development and Consultancy would be in the best interest of our shareholders," said DeVries. "I'm in a position to prove my point, and that's all anyone could ask for. We will see this through, I am certain." Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. For further information, please contact Andrew DeVries, III at (210) 496-7566, or send correspondence to 2935 Thousand Oaks, #6-261, San Antonio, TX 78247. SOURCE NANNACO, Inc. -0- 01/08/2004 /CONTACT: Andrew DeVries, III of NANNACO, Inc., +1-210-496-7566/ (NNCO) CO: NANNACO, Inc. ST: Texas IN: CPR OTC SU:

2003-12-04 12:33:41

NANNACO, INC. Takes on New Client ... Begins Launch Into New Arena

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SAN ANTONIO, Dec. 4 /PRNewswire-FirstCall/ -- Today, C.E.O. of NANNACO, INC. (OTC Bulletin Board: NNCO), Andrew DeVries, III announced that it has reached an agreement with privately held Innovation Energy & Technology, L.L.C., a South Carolina-based alternative fuel production and marketing company that targets domestic and global markets. Under this contract NANNACO, INC. and Innovation Energy & Technology (IE&T) will pool their management, financial, and development personnel and their corresponding resources to facilitate IE&T's business growth strategy. This strategy will initially include sourcing financing for IE&T's growth strategy and may include the public listing of IE&T through a merger with a public company. The terms of this joint venture were not yet disclosed. "Project development has always been at the core of our efforts as NANNACO grew in its own presence in the marketplace," said NANNACO CEO Andrew DeVries, III. "So many growing businesses in our related field have great products, patents, intellectual property and potential, but lack the experience and resources required to take their businesses to the next level. Or sometimes, as is the case with IE&T, they simply want to get there faster." DeVries believes that IE&T is a perfect fit for NANNACO's joint venture development group. "We have a long-standing relationship with Tom and Allen [Tom Parsons, President and Allen Mullens, Vice-President and Director], and their trust in our ability to help them to the next level of their development is a natural to further their company and benefit our mutual shareholders and partners," said DeVries. Innovation Energy & Technology holds proprietary rights to an innovative production method that will produce inexpensive and environmentally friendly fuel products. "We have a really great process here," said IE&T Vice- President Allen Mullens, "and we are confident that NANNACO will be able to provide us with the resources and expertise that will bring this process to the marketplace. We feel very fortunate to be in this relationship with them." Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. For further information, please contact Andrew DeVries, III at (210) 545-3570, or send correspondence to 2935 Thousand Oaks, #6-261, San Antonio, TX 78247. SOURCE NANNACO, INC. -0- 12/04/2003 /CONTACT: Andrew DeVries, III of NANNACO, INC., +1-210-545-3570/ (NNCO) CO: NANNACO, INC.; Innovation Energy & Technology, L.L.C. ST: Texas, South Carolina IN: OIL OTC SU: CON

2003-12-04 15:17:59

NANNACO Joint Venture With Innovation Energy and Technology, LLC Moves Forward

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SAN ANTONIO, Dec. 4 /PRNewswire-FirstCall/ -- Today NANNACO, INC. (OTC Bulletin Board: NNCO) announced a major move forward in its project development joint venture effort with Innovation Energy and Technology, LLC (IE&T). NANNACO's president and CEO, Andrew DeVries, III stated that today a memorandum of understanding with Milestone Developments, L.L.C. makes available up to $500 MM in collateralized debt instruments. In the same statement, DeVries announced the ability to assign guarantors for the collateralized debt instrument through an additional agreement with a New York based investment bank. Upon closing, proceeds from this structured financing will be used to fund development efforts of IE&T's alternative fuel project. "We had recently changed our business strategy to focus on joint venture production work with developing stage companies. We believe joint venture partners like IE & T will become model examples of our ability to identify an opportunity, and then leverage existing resources and expertise for the benefit of our partners and shareholders. We expect that, upon closing, our implementation of this structured finance solution for development stage companies like IE & T will peak the interest of developing and growing companies, lenders, both private and institutional, investment bankers, and other funding sources. In my opinion this achievement may begin a process of redefinition in the current methods for using collateralized debt instruments for non-traditional project finance," said DeVries. This announcement came on the heels of NNCO's continued consulting and JV agreement with IE&T, whereby a strategic plan for bridge funding, the guaranteed debt instrument, and corporate structure with investor exit strategies were formulated utilizing the NANNACO's personnel and resources. IE&T's marketing director Allen Mullins said, "It is apparent that Andrew, a long time colleague, has identified a source of funding that is unique and of truly grand scope. This, combined with NANNACO's network of logistical service providers, instills in us an unparalleled confidence in the success of this joint venture." Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. For further information, please contact Andrew DeVries, III at (210) 545-3570, or send correspondence to 2935 Thousand Oaks, #6-261, San Antonio, TX 78247. SOURCE NANNACO, Inc. -0- 12/04/2003 /CONTACT: Andrew DeVries, III of NANNACO, Inc., +1-210-545-3570/ (NNCO) CO: NANNACO, Inc.; Innovation Energy and Technology, LLC; Milestone Developments, L.L.C. ST

2003-12-05 09:58:09

NANNACO, INC. Announces Change in Core Business Strategy

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SAN ANTONIO, Dec. 5 /PRNewswire-FirstCall/ -- Today, C.E.O. of NANNACO, INC., (OTC Bulletin Board: NNCO) Andrew DeVries, III announced a new business strategy to be effective January 1st, 2004. NANNACO will direct all its efforts to building a holding company which combines accretive acquisitions of development stage firms in its areas of expertise, mainly environmentally friendly manufacturing and production companies, fuel production and manufacturing companies, and cleaning services companies. This change is expected to dramatically increase operational performance, and bring NANNACO to a break even monthly run rate by June 2004. NANNACO recently announced a joint venture with Innovation Energy and Technology, LLC (IE&T). The company currently has five project development agreements, and three consulting appointments including joint venture, co-marketing and project development agreements for growing and developing companies. Revenues from these existing contracts are expected to exceed $5,000,000 for our Company over the next 12 months. "We are fortunate to see many terrific opportunities to build both our company and shareholder value including, candidates for JVs and mergers. And while we do not believe that we have the ability to select that one perfect developing company or joint venture partner in the industries that we will target, we do believe that our selection of the choice few will result in near term operational improvement. We are currently in discussions with a number of quality firms in our target industries who share our business goals, namely to build and operate new companies in growing industries within our realm of expertise. (NANNACO has a fiscal year ending of September 30)," said DeVries. "The long-awaited shift in our core business dealings is beginning to show great promise to everyone involved." Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. For further information, please contact Andrew DeVries, III at (210) 545-3570, or send correspondence to 2935 Thousand Oaks, #6-261, San Antonio, TX 78247. SOURCE NANNACO, INC. -0- 12/05/2003 /CONTACT: Andrew DeVries, III of NANNACO, INC., +1-210-545-3570/ (NNCO) CO: NANNACO, INC. ST: Texas IN: OIL ENV OTC SU:

2003-12-09 09:40:05

NANNACO, Inc. Announces Phase One Closing of Ivory Coast Transportation Infrastructure Development Project

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SAN ANTONIO, Dec. 9 /PRNewswire-FirstCall/ -- NANNACO, Inc. (OTC Bulletin Board: NNCO), announced that its client, EWI Corporation NV had successfully completed the negotiations for its $360,000,000.00 USD Ivory Coast infrastructure development project. The project will finance and contract certain improvements in the Country's public transportation systems. NANNACO is contracted as a strategic consultant to EWI Corporation NV. The contract is valued at greater than $2.0 million for NANNACO. Andrew DeVries, CEO of NANNACO stated, "It's so much more to us than the revenues, it's the proof that our decision to move in this area of the market was right and in the best interest of our shareholders. We have been working with EWI Corporation NV for 12 months and are pleased to have assisted them in completing this important first phase of their project ahead of our initial target of Q1 2004." Closing agreements were signed yesterday. The company currently has five project development agreements, and three JV and Consultancy agreements for developing companies. NANNACO recently announced a change in its business strategy beginning January 1, 2004. Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. For further information, please contact Andrew DeVries, III at (210) 545-3570, or send correspondence to 2935 Thousand Oaks, #6-261, San Antonio, TX 78247. SOURCE NANNACO, Inc. -0- 12/09/2003 /CONTACT: Andrew DeVries, III of NANNACO, Inc., +1-210-545-3570/ (NNCO) CO: NANNACO, Inc.; EWI Corporation NV ST: Texas IN: TRN OTC SU: CON

2003-12-11 12:48:31

NANNACO, Inc. Announces Intent to Purchase Jet Fuel Refinery in Nixon, Texas

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SAN ANTONIO, Dec. 11 /PRNewswire-FirstCall/ -- Today, CEO of NANNACO, Inc. (OTC Bulletin Board: NNCO), Andrew DeVries, III announced that the Company has entered into a letter of intent for the purchase a refinery in Nixon, Texas that specializes in the production of JP-8 jet fuel for nearby San Antonio military base installations. The refinery, pending the expected successful outcome of the negotiations, would be run and managed by Mr. Al Eyster, a renowned leader in refinery construction and management who has led teams for giants in the petro-chemical industry, such as British Petroleum and others, through some of their largest facility and production projects. "We see this refinery as an opportunity to gain a significant share of the jet-fuel refining market right here in our own backyard," said DeVries. "I've been around these types of facilities my entire life. I think I know when a potentially profitable operation has been overlooked by the big players of the energy industry." DeVries estimates that the refinery, when running at full capacity, (prior to viable expansion opportunities) should achieve revenues of $46.2MM per year. The refinery will require approximately 90-100 days for refurbishing and ramp-up production procedures. "We are not only pleased with the opportunity to acquire the discounted assets, but also to have Al Eyster take the reins and manage operations from day one," said DeVries. Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. For further information, please contact Andrew DeVries, III at (210) 496-7566, or send correspondence to 2935 Thousand Oaks, #6-261, San Antonio, TX 78247. SOURCE NANNACO, Inc. -0- 12/11/2003 /CONTACT: Andrew DeVries, III of NANNACO, Inc., 210-496-7566/ (NNCO) CO: NANNACO, Inc. ST: Texas IN: OTC OIL SU: TNM PER

Only 40,000 shares but she could be a nice ride. Please, do your own DD. I have heavily vested interest in a couple stocks like LBTT and ENCU, but I like to ride hard and fast with ear to the ground. Good Luck Stockin'!!!

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Da Dog

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DaDog