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Microcap & Penny Stocks : NPCT (old SUNY) -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (1041)	12/30/2002 1:27:45 PM
From: jmhollen	Respond to of 1275

Thompson Kernaghan Trustee Abandons Litigation Against NanoPierce Technologies, Inc. DENVER--(BUSINESS WIRE)--Dec. 30, 2002--NanoPierce Technologies, Inc., (OTCBB:NPCT) today announced that it has been advised by its counsel that the Trustee for bankrupt Thomson Kernaghan has decided not to pursue claims for defamation filed against NanoPierce Technologies, Inc., Paul H. Metzinger, its President and Chief Executive Officer and Dr. Michael E. Wernle, Executive Vice President for Strategic Business Development. Paul H. Metzinger, President and Chief Executive Officer said: "This is a very good outcome for the Company and us. Besides eliminating a lot of wasted time and needless distraction it also ends further defense costs and fees. The timing of the decision, at year end, could not be more welcome news." About NanoPierce Technologies, Inc. NanoPierce Technologies, Inc., of Denver, Colorado, USA, is traded on the NASDAQ stock market (OTCBB:NPCT) as well as on the Frankfurt and Hamburg exchanges (OTC:NPI). In addition to the 12 patents it owns, NanoPierce has numerous applications pending, others in preparation, and various other intellectual properties related to NanoPierce's proprietary NCS(TM) (NanoPierce Connection System). This advanced system is designed to provide significant improvement over conventional electrical and mechanical interconnection methods for high-density circuit boards, components, sockets, connectors, semiconductor packaging and electronic systems. About NanoPierce Card Technologies, GmbH NanoPierce Card Technologies, GmbH, is a 100% subsidiary of NanoPierce Technologies, Inc., located in Hohenbrunn, Munich, Germany. This subsidiary concentrates on application development and is responsible for the Company's worldwide marketing efforts. About NanoPierce Connection Systems Inc. NanoPierce Connection Systems, Inc., is a 100% subsidiary of NanoPierce Technologies, Inc., located in Colorado Springs, Colorado. NanoPierce Connections Systems, Inc., has been chartered to undertake high-volume production WaferPierce(TM), a revolutionary and enabling semiconductor wafer treatment for ultra-low cost flip-chip without the necessity of wire bonding, conductive adhesives, or soldering. Typical end-use applications of WaferPierce(TM) include Smart Labels, Smart Cards, and LED arrays. About ExypnoTech GmbH ExypnoTech GmbH is a 100% subsidiary of NanoPierce Technologies, Inc., located in Rudolstadt, Germany. ExypnoTech will produce smart inlays using the benefits of the new WaferPierce(TM) flip-chip process developed by NanoPierce Connection Systems, Inc. CONTACT: NanoPierce Technologies, Inc. Paul H. Metzinger, 303/592-1010 Fax: 303/592-1054 paul@nanopierce.com or NanoPierce Connection Systems Inc. Herbert J. Neuhaus, 719/638-5930 Fax: 719/638-5933 herb@nanopierce.com or NanoPierce Card Technologies GmbH Michael E. Wernle, + 49-8102-8961-0 Fax: + 49-8102-8961-1 michael@nanopierce.com or ExypnoTech GmbH Michael E. Wernle, + 49-8102-8961-0 Fax: + 49-8102-8961-11 michael@exypnotech.com or Bernhard Maier, + 49-3672-478-270 Fax: + 49-3672-478-274 bernhard.maier@exypnotech.com .