Touchstone Resources Hires Sanders Morris Harris

Touchstone Resources has engaged the investment banking firm of Sanders Morris Harris as its financial advisor to assist with capital raising and strategic matters related to the anticipated growth of its business. Sanders Morris Harris is a subsidiary of Sanders Morris Harris Group, Inc. which is a diversified financial services holding company based in Houston. It is one of the largest full service investment banking firms headquartered in the Southwest and is particularly active in providing investment banking services for energy companies.

Steve Harrington, CEO of Touchstone, said, "The engagement of Sanders Morris Harris is another step forward in the evolution of Touchstone. We expect to utilize their services broadly, including assisting us in identifying possible additions to our senior management team, and advising on our capital structure and arranging financings. We expect to work closely with Sanders Morris in building our Company going forward."