Preston Corporation Announces New Legal Firm to Represent Company

AUSTIN, Texas, August 16, 2016 /PRNewswire/ --

Preston Corp (OTCQB: PSNP) ("Preston Corporation" "PSNP" or the "Company") today is pleased to announce it has engaged the law firm of Greenberg Traurig, LLP ("GT") to represent the Company. GT is an international, multi-practice law firm with approximately 2,000 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Greenberg Traurig's corporate and securities practice boasts 400 lawyers who advise public and privately held companies and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters. The group's industry experience includes transactions in a wide range of fields, from the pharmaceutical, medical devices, and life sciences fields, to representations involving clients in the aviation, banking, energy, health care, manufacturing, technology, and telecommunications sectors.

The firm is No. 1 on the 2015 Law360 Most Charitable Firms list, second largest in the U.S. on the 2016 Law360 400, Top 20 on the 2015 Am Law Global 100, and among the 2015 BTI Brand Elite.

Company President Andrew Stack stated, "The engagement of Greenberg Traurig as the Company's law firm is a strong step forward in establishing top legal services for Preston as we grow into our planned expansion of our royalty trust model and build value for the shareholders. GT has a world renown reputation as a top tier law firm and will be providing Preston with the best legal services and advice as we grow our business model"

About Preston Corp (OTCQB: PSNP) 

Preston Royalty's mission is to develop the Company into a leading financial service provider, specializing in royalty financing for mining operations with the intent to realize large, continuous profits from ongoing economic interest in the production and future production of mining properties. Preston Royalty is gold focused but will create a diversified portfolio of royalties and streams wherever the value can be found regardless of commodity, geography, revenue type or stage of project. Preston Royalty is not an operator and therefore has none of the associated risks or capital requirements of mine operation.

Notice Regarding Forward-Looking Statements 

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, scope and type of consulting services provided by PSNP, use of proceeds, future acquisitions, success of projects, growth and strategic plans. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD

Preston Corporation 

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Andrew Stack

President, C.E.O.

To find out more about Preston Corporation (OTCQB: PSNP), visit our website at http://www.prestonroyalty.com
+1-512-667-6335
[email protected]

SOURCE Preston Corporation