NanoSignal Corporation Announces Cancellation of 260 Million Reserve Shares and Corrects Previous Press Releases - 6/14/2005 1:41:01 AM
LAS VEGAS, Jun 14, 2005 (BUSINESS WIRE) -- NanoSignal Corp, an OTC PINK SHEET Fully Reporting Company (Pink Sheets:NNOS), announced that it has cancelled 260 million debenture shares that were being held in reserve to be used for the United Indian Credit deal that was aborted.
These shares are being cancelled completely. Also, the previously announced shares that were cancelled, the 560 million, 25 million and the 75 million are also cancelled, not returned to the treasury as previously announced. That leaves about 613 million shares outstanding with approximately 440 million in the float.
"This action is being done along with others to improve valuation of the company and prepare for the next phase of growth," said NanoSignal President and CEO James Wolfe.
"We are focusing on our core technology," said Dr. Rupert Perrin. "We are working several other exciting developments that will complete our Slices technology," said Dr. Perrin.
SOURCE: NanoSignal Corporation
Princeton Research, Inc. (for NanoSignal)
Mike King, 702-650-3000
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