NANNACO, Inc. Announces Supplier Agreement: $30M Revenues Expected First Year

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SAN ANTONIO, Jan. 20 /PRNewswire-FirstCall/ -- Today, NANNACO, Inc. (OTC Bulletin Board: NNCO) CEO Andrew DeVries, III announced an agreement with Mr. Tan Peng Koon of Corporate Exchange of the World, Inc. for the purpose of supplying the crude oil and primary derivatives in the $150M Letter of Credit announced on January 15, 2004. The terms of the agreement, if met by Mr. Koon, would produce revenues of $30M-plus for the Company. "Our contacts are very reliable and experienced in the oil brokerage business, and they will be able to perform the required tasks. We have no doubt that we will fulfill all requirements for this renewable SBLC project at least two times this year," Said Mr. Koon. "We anticipate our relationship with NANNACO to flourish in the coming months as our other suppliers come online with more and more products available." "Everything is moving as expected on this project, this accord was unexpected and a pleasant surprise as we head forward to our ultimate goal of complete and utterly flawless execution of our responsibilities under this transaction. We have found a reliable supply chain in Mr. Koon's organization. We see his experience and contacts as invaluable far beyond the scope of this initial purchase," said DeVries. NANNACO's expected earnings from should reach $30M over the next 12 months, and should grow upward to around $50M/yr. over the next 3 years as the Letter of Credit is renewed upon successive favorable transactions. The company currently has seven project development, 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. SOURCE NANNACO, Inc. -0- 01/20/2004 /CONTACT: Andrew DeVries, III of NANNACO, Inc., +1-210-496-7566/ (NNCO) CO: NANNACO, Inc.; Corporate Exchange of the World, Inc. ST: Texas IN: OIL OTC SU: ERP

Composite Indicator
Trend Spotter (TM) Hold

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Hold
20 Day Bollinger Bands Hold

Short Term Indicators Average: 40% - Buy
20-Day Average Volume - 13485930

Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Hold
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 50% - Buy
50-Day Average Volume - 6389426

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Hold

Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 3286523

Overall Average: 48% - Buy

Price Support Pivot Point Resistance

0.03 0.01 0.03 0.05

This thing spiked to .05 a little over a week ago. Since then, it trended down to the low .02's. With today's major news, it spiked to .039 and closed fairly strong.

I think there's more gas in this tank..

GLTA!

quote:

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Originally posted by thejohndavid:
this news should far out weigh the new "E" on the end of their name. I'm holdin' for sure
Go NNCOE

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BOUGHT AT .026

MAKING A MOVE

NANNACO, Inc. Offered $11M/Yr. in Crude Order Fill; Forecasts $4M in Revenues

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SAN ANTONIO, Jan. 21 /PRNewswire-FirstCall/ -- NANNACO, Inc. (OTC Bulletin Board: NNCOE) today announced a third supply source for its purchase and management agreement concerning the acquisition of raw materials, petrochemical, and primary derivative sales. NANNACO has begun and expects to finalize an agreement today with Tony Aguilera of Gryphon Partners, LLC to negotiate and acquire crude and other petrochemical product materials from non-domestic production points, beginning with Venezuela, where an offer to fill an allotment equal to approximately $11M/yr. of a previously-reported Primary Beneficiary SBLC has been tendered to the company. "I've known Tony for a number of years. His experience in international trade, contract negotiations, and I.C.C. regulations will be invaluable to any and all non-domestic Seller-side sources regarding our $150M Standby Letter of Credit (SBLC)," said Andrew DeVries, NANNACO, Inc.'s president and CEO. "Gryphon Partners is exactly the organization we need at this time. It looks as if we will be fielding many offers from sources outside the U.S. Tony and his team are more then capable of validating these sources." NANNACO, Inc. currently has 8 project development agreements, joint venture and consultancy agreements for emerging companies. 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 more information, please contact the Company at (210) 496-7566, or send correspondence to: NANNACO, Inc., 2935 Thousand Oaks, #261, San Antonio, TX 78247. SOURCE NANNACO, Inc. -0- 01/21/2004 /CONTACT: Andrew DeVries, III of NANNACO, Inc., +1-210-496-7566/ (NNCOE) CO: NANNACO, Inc.; Gryphon Partners, LLC ST: Texas IN: OIL CHM OTC SU: