NOW is pleased to announce that it has retained Corinthian Partners, L.L.C. to provide investment banking and corporate advisory services.
Portland, OR -- (SBWIRE) -- 08/21/2014 -- THE NOW CORPORATION (OTC MARKETS: “NWPN”) (the “Company” or “NOW”) is pleased to announce that it has retained Corinthian Partners, L.L.C. (“Corinthian”) to provide investment banking and corporate advisory services.
Founded in 1996 and based in New York, NY, Corinthian is an investment banking, broker-dealer, and asset management firm whose services include: corporate partnering and strategic alliance development; mergers, acquisitions and dispositions; providing fairness opinions; and facilitating management buy-outs, multi-round financing, restructuring, bridge financing, and recapitalization of public and private companies. The firm also offers financing advisory services focusing on debt and equity offerings, private placements, subordinate notes, and convertible and preferred stocks. Additionally, it provides wealth management services. The firm caters to institutions, family offices, and high net worth individuals.
Under the terms of the agreement, the Company will engage Corinthian Partners LLC for a period of one year on a non-exclusive basis. Brian Sims, President of NOW commented, "We are pleased to partner with Corinthian Partners in that we believe they provide the services, expertise, and exposure that we specifically need to advance the business objectives of the Company, which includes the installation of the exoPOWER wind turbine systems for the small and medium wind sector and the build out of a commercial farming operation cultivating, harvesting, and distributing cannabis products for the medical marijuana and industrial hemp markets in the State of Colorado."
About The NOW Corporation
The NOW Corporation is a publicly listed company trading on the OTC Markets (Pink Sheets). The Company's mission is to provide high-value clean energy solutions for the agricultural, industrial, commercial and residential sectors.
NOW has certain marketing and distribution rights to the proprietary, patent-pending exoPOWER wind turbine technology, developed by SP Power Farm Group Ltd., which includes small-wind and medium-wind segments for certain western US states.
The Company, along with its joint-venture partner, holds the right to up to 10,000 acres of land zoned for agricultural purposes located some 40 miles south of Grand Junction in western Colorado. Under the terms of its agreement with its joint venture partner, the Company holds the right to earn up to 50% interest in a planned farming operation that will focus on cultivating, harvesting and distributing cannabis products for the cannaboid market and industrial hemp industry in the State of Colorado.
The Company plans to integrate its two businesses by providing the technology and equipment to generate and provide power for its planned farming operation. NOW plans to utilize this planned commercial farming facility to showcase the effectiveness and economic benefits of incorporating a power source that is independent of conventional power grids.
On behalf of the Board of Directors,
The NOW Corporation
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.