LAS VEGAS, June 10, 2005 (PRIMEZONE) -- NanoSignal Corp., an OTC Pink Sheet Fully Reporting Company symbol (Pink Sheets:NNOS), announced today that it has retired 25 million shares of common stock away from the market on Santa Rosa Trading Co. cancelled acquisition.
These shares are being cancelled in order to stabilize NanoSignal's trading volume. "This action is being done to improve the company's overall strength and to prepare for new growth initiatives," said NanoSignal President and CEO James Wolfe.
"Slices technology will revolutionize the MRI market," said Dr. Rupert Perrin "The company's shareholders have endured the short seller and will now see the results of our dedicated management team," 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.