NanoSignal Corporation Announces that it has Unwound the Acquisitions of Santa Rosa Trading Inc. and Global Access Technology, Inc.


LAS VEGAS, May 12, 2005 (PRIMEZONE) -- NanoSignal (Pink Sheets:NNOS ) announced today that the NanoSignal Board of Directors has cancelled the acquisitions of Santa Rosa Trading Inc. and Global Access Technology, Inc. "This is being done to focus the company's effort on its own SLICES(TM) technology, its highly advanced MRI Technology for dicom compatibility to existing systems," said James Wolfe, CEO. "We are currently reviewing more product-centered options, including the acquisition of ten MRI centers."

This press release contains "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such statements can be identified by lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.



            

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