GIG HARBOR, Wash. and FT. LAUDERDALE, Fla., June 7, 2005 (PRIMEZONE) -- Nannaco, Inc. (OTCBB:NNNC) noted today that Pat Lochrie, CEO of Nannaco's merger partner Amenni announced in a letter to its shareholders that Amenni has begun the roll-out of its Transdermal Patch product range.
Amenni will be launching their highly innovative Sports Patch into the U.S. OTC market. Its primary active ingredients have been developed in conjunction with its highly successful research into Veterinary Science.
The Sports Patch is targeting the fast-growing Sports Healthcare market and has shown significant benefits to aid the recovery from a Sports injury. Joint and ligament injuries happen to all athletes. The Amenni Sports Patch applied immediately after injury helps with quicker recovery times. Currently there are no direct competitors in the marketplace.
This week Amenni started fulfilling its first 300,000 patch order for the first US client. Amenni believes that the market for the Sports Patch alone exceeds $500 million annually.
"We plan to follow the Sports Patch roll-out with further products from our Healthcare, Cosmetic and Medical ranges," added Mr. Lochrie. "The use of a Transdermal Patch delivery system promises to be very exciting."
As previously announced, Amenni, Inc. is a premier developer and manufacturer of Nutraceuticals. Amenni develops and manufactures joint-care nutraceutical products for dogs and horses. In addition to Ft. Lauderdale, Amenni has facilities located in London (United Kingdom), Dubai (United Arab Emirates) and Zurich (Switzerland).
Amenni has initially distributed these product lines through a distribution agreement with one of the top 5 internationally recognized pharmaceutical firms. Revenues in the first 12 months from this agreement exceeded $1 million, and the first product was launched in 10 countries. Amenni anticipates a roll-out to an additional 15-20 countries, including the U.S. and UK, within the next 12 months.
About Nannaco, Inc.
Nannaco, Inc. previously provided surface cleaning, surface protection, surface restoration, and other services to commercial and industrial businesses, as well as to owners of historical buildings. The company has moved to a new line of business as a consultant and advisor to customers and is seeking to improve its financial position through the acquisition of or merger with companies capable of providing the best value to its shareholders.
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