| Nanobac Pharmaceuticals Intends to Join High Risk Plaque Initiative 
 Study May Provide Conclusive Data on the Role of Calcified
 NanoParticles in Heart Disease
 
 Last Update: 10:08 AM ET Aug 23, 2007
 
 TAMPA, Fla., Aug 23, 2007 (BUSINESS WIRE) -- Nanobac Pharmaceuticals
 Inc. (NNBP:
 nanobac pharmaceuticals inc com NNBP 0.06, +0.00, +5.0%) , "Nanobac"
 or "the Company" announces that it intends to participate in the High
 Risk Plaque (HRP) Initiative to research and advance the
 understanding, recognition and management of vulnerable plaque, the
 primary underlying cause of heart attacks. The HRP Initiative is being
 conducted by BG-Medicine (BGM) together with Merck & Co., AstraZeneca,
 Royal Philips Electronics and Humana.
 
 HRP's BioImage study enables Nanobac to validate and qualify the role
 of Calcifying Nanoparticles (CNPs) also known as nanobacteria in
 identifying the hard "calcified" portion of the atherosclerotic
 plaque. Participation would allow Nanobac to study and document the
 relationship between CNPs, advanced imaging studies, other blood
 biomarkers and 3-year event rates. The information from the HRP
 studies related to CNPs is expected to play an important role in any
 regulatory submission for CNPs for cardiovascular disease.
 CNPs were discovered by Company scientists and are found to be
 associated with pathological calcifications. CNPs have been isolated
 and cultured from atherosclerotic plaque, blood, and diseased
 calcified tissues. They are infectious and their biomineralizing
 properties well established with identified unique properties. They
 can cause acute and chronic inflammation and lead to thrombosis. CNPs
 have created a new paradigm similar to that of Prions. Prions, which
 cause Mad Cow Disease, are now accepted by the scientific community as
 infectious agents. Nanobac believes that CNPs form the nucleus of
 pathological calcification in many diseases. The number one
 pathological calcification disease is atherosclerosis.
 
 Under the HRP Participant Agreement Nanobac is granted certain rights
 in exchange for a total of $5M in funding by Nanobac over three years.
 
 Nanobac Pharmaceuticals Inc. is headquartered in Tampa, Florida. For
 more information, visit our website at: nanobac.com.
 
 SOURCE: Nanobac Pharmaceuticals Inc.
 
 Nanobac Pharmaceuticals, Tampa Brady Millican, 813-264-2241 or
 Redwood Consultants Jens Dalsgaard, 415-884-0348
 Copyright Business Wire 2007
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