Man this is sure in terrible shape. They have good news and no one posts it.Press Release Source: Nannaco, Inc.
Executive Vice President of Nannaco Acquisition Target, Red Alert Group, Participates in National Conference of Black Mayors Homeland Security Panel
Tuesday May 18, 10:30 am ET
GIG HARBOR, Wash., May 18 /PRNewswire-FirstCall/ -- Nannaco, Inc. (OTC Bulletin Board: NNCO - News), which announced on March 29 that it has entered into a letter of intent to acquire Red Alert Group, Inc., today announced that Roel P. Verseveldt, Executive Vice President of Red Alert Group, sat on a Homeland Security panel at the National Conference of Black Mayors. Mr. Verseveldt was the only non-mayor asked to participate on the panel, during the plenary session. Red Alert Group served as a Platinum Sponsor of the NCBM conference.
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As a security and anti-terrorist specialist, Mr. Verseveldt discussed with the Mayors their responsibilities and the available options to increase their cities' protection level. Mr. Verseveldt said: "Homeland Security is not a responsibility of individuals. To create a safer America we need to work together, not only within the governmental lines from the federal level down to city activities, but also specifically between the public and the private sector. Red Alert Group, Inc. offers the public sector services in the field of security consultancy, training and equipment as well as the arrangement of the financial funding for these services. First responders need to be trained and equipped to the highest possible standard to do their jobs responsibly for their community. Red Alert Group, Inc. can be of great help with that."
The National Conference of Black Mayors ("NCBM") was established in 1974 as a private, nonpolitical, nonpartisan and nonprofit organization. The NCBM serves more than 500 mayors across the nation, representing more than 30 million citizens. NCBM seeks to enhance the executive management capacity of its members for the purpose of governing municipalities. To this end, NCBM provides technical and management assistance, articulates policy positions on matters of national importance, serves as a clearinghouse on information pertinent to municipal development and conducts educational forums for the exchange of ideas.
Red Alert Group primarily provides solutions for Homeland Security, Cyber Security, and Private Military Security. The firm is active in Counterterrorism -- creating measures, procedures, and training as well as mitigation and recovery strategies. Red Alert Group operates in the US from its headquarters in Atlanta and its government office in Washington. Red Alert Group International BV, in The Hague, and Red Alert Group Pte. Ltd., in Singapore are wholly-owned subsidiaries, and the company has a representative office in Kuwait.
Steven Careaga, CEO of Nannaco, Inc. said, "Given Red Alert's experience in the Homeland Security field, it is unsurprising that Roel Verseveldt was asked to speak on the plenary session. We continue to be excited about our upcoming merger with Red Alert Group."
Nannaco, Inc. will receive no benefits, economic or otherwise, from the sponsorship referenced herein unless and until the acquisition of Red Alert Group is completed. The proposed transaction is subject to customary closing conditions, including due diligence, execution of a Definitive Agreement and approval by the respective Board of Directors (and, to the extent required by applicable law, shareholders). There can be no assurance that the transaction will be completed.
Nannaco, Inc., previously provided surface cleaning, surface protection, surface restoration, and other services to commercial and industrial businesses, as well as to owners of historical buildings. The Company has moved to a new line of business as a consultant and advisor to customers and is seeking to improve its financial position through the acquisition of or merger with companies capable of providing the best value to its shareholders.
More information about Nannaco, Inc. can be found at www.sec.gov and on Red Alert Group, visit its website at www.redalertgroup.com .
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring including, but not limited to, our contemplated transaction with Windham Resources, Inc.; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.
For further information, please contact Steve Careaga at 253-853-3632, or send correspondence to 7235 North Creek loop, Gig Harbor, WA 98335.
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