GIG HARBOR, Wash., May 22, 2006 (PRIMEZONE) -- Nannaco, Inc. ("Nannaco")(Pink Sheets:NANN) announced that CPRS, its merger candidate and a leading provider of internet based treatment plans and medical physics consulting services for cancer centers has entered into a strategic alliance with Image Guided Intelligence, Inc. ("IGI"). IGI is an industry leader in offering Intensive Modulated Radiation Therapy ("IMRT") training to oncologists. The two companies will work together in the sales and marketing areas to secure business for both companies from small to medium sized cancer treatment centers. The president of IGI is Jerome Landry, MD, MBA. Dr. Landry is Professor of Radiation Oncology at Emory University in Atlanta, Georgia.
Dr. William Walker, President of CPRS, stated that the alliance will open many doors for both organizations. According to Dr. Walker, a vital part of the services offered is training of the cancer centers' technical and professional staff to manage and administer new IMRT technology. Once educated, the oncologist can work more closely with CPRS staff in administering treatment plans as designed by CPRS. IGI physician consultants are from the world's best cancer centers and are among the first to use IMRT technology in their respective areas of expertise. They have extensive experience in IMRT and have provided training to over 40 radiation oncology centers worldwide. Both companies will seek to introduce each other to their existing and future client base.
About CPRS - Acquisition Target of Nannaco, Inc.
CPRS provides specialized Internet based treatment plans and medical physics consulting services for cancer centers. In many radiation centers, lack of a full time medical dosimetrist and/or medical physicist can result in less than optimal patient treatment. CPRS addresses these needs by providing a full range of patient specific radiation treatment plans over a sophisticated web based internet system. This allows CPRS to support the use of new technologies by making available the most advanced treatment methodology to smaller radiation centers without substantial investment for equipment and staff. The Company, therefore, offers the possibility to enable radiation centers to improve patient outcomes, increase revenues and profits while lowering expenses. CPRS operates its remote treatment planning services out of a facility located on the east coast. Medical physics services and specialty consulting are also provided at client sites.
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.
More information about Nannaco Inc. can be found at www.sec.gov.
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For further information, please contact Steve Careaga at (253) 853-3632, or send correspondence to 4916 Point Fosdick Dr., Suite 102, Gig Harbor, WA 98335.