LAS VEGAS, June 9, 2005 (PRIMEZONE) -- NanoSignal Corp, an OTC Pink Sheets Fully Reporting Company (Pink Sheets:NNOS), announced that it has cancelled 560 million shares of common stock that were being held in reserve.
"These shares are being returned to the NanoSignal treasury. This action is being done along with others to improve 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.
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.