PetroNational Announces Name Change and New Business Direction
November 21 2008 - 8:00AM
Marketwired
The Custom Restaurant & Hospitality Group, Inc. (OTCBB: CRHS)
("Custom" or the "Company"), formerly PetroNational Corp. (OTCBB:
PTNL), announced today that, effective immediately, the company
shall in future operate under the name THE CUSTOM RESTAURANT &
HOSPITALITY GROUP, INC. as it more accurately reflects the
Company's new direction into the retail restaurant segment and
correlated industries with a specific focus on growth strategies
within the sector. The Company will trade on the NASD's
Over-the-Counter Bulletin Board ("OTCBB") under the symbol CRHS.
Details regarding the name change have been submitted to the
Securities and Exchange Commission ("SEC") as part of the Company's
Form 8-K filing dated November 20, 2008.
Forward-Looking Statements
Except for statements of historical fact, this news release
contains certain "forward-looking statements" as defined by the
Private Securities Litigation Reform Act of 1995, including,
without limitation, expectations, beliefs, plans and objectives
regarding development and exploration activities. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of The Custom Restaurant &
Hospitality Group, Inc. to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include general economic
and business conditions, the ability to acquire and develop
specific projects, the ability to fund operations and changes in
consumer and business consumption habits and other factors over
which The Custom Restaurant & Hospitality Group, Inc., or any
affiliates, has little or no control.
Risks, uncertainties and other factors are discussed in
documents filed from time to time by The Custom Restaurant &
Hospitality Group, Inc. with the Securities Exchange Commission.
There is no assurance that The Custom Restaurant & Hospitality
Group's expectations will be realized, and actual results may
differ materially from those expressed in the forward-looking
statements.
On Behalf of the Board
The Custom Restaurant & Hospitality Group, Inc.
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G. Leigh Lyons, President
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