GIG HARBOR, Wash., Nov. 30, 2004 (PRIMEZONE) -- Nannaco, Inc. (OTCBB:NNAC), which announced on November 3 that it has entered into a Plan of Merger with Nazz Productions, Inc. ("NAZZ") announced today that Universal is now distributing "The 24th Day," which was produced by NAZZ, on home video. "The 24th Day" is available in most Blockbuster Video, Hollywood Video and Movie Gallery stores.
Nazz Productions' film version of the award winning play, "The 24th Day", stars James Marsden ("The Notebook", "X-Men"), Scott Speedman ("Underworld", "Felicity") and Sofia Vergara ("Big Trouble"). The film had its World Premiere to sold out crowds at the 2004 Tribeca Film Festival in New York City. Subsequently, the film made its theatrical premiere in New York before moving out throughout the country where it was held over for 4 weeks in Dallas. "The 24th Day" had its West Coast Premiere at the prestigious Outfest in Los Angeles to 2 standing room only crowds.
To date, the film has been invited to many festivals throughout the world, (Tribeca, L.A. Outfest, Philadelphia, Albuquerque, New Mexico, Reeling Chicago, Turks and Caicos, Long Island G & L, Verzaubert Berlin, Montreal Queer Fest, Williamstown, MA) and has sold to over 20 international territories. It has screened at Cannes, Milan and the AFM.
Nick Stagliano, CEO of NAZZ, commented "I am very proud of our work on 'The 24th Day.' This picture demonstrates that Nazz Productions' business model can, and will be, successful."
Steve Careaga, CEO of Nannaco Inc., noted, "Nick Stagliano and Nazz Productions have done a tremendous job in producing 'The 24th Day.' The shareholders of Nannaco can be confident that, upon consummation of the merger between the companies, they will be shareholders in a high-quality organization able to successfully operate in Hollywood."
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. This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring ; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.
For further information, please contact Steve Careaga at 253-853- 3632, or send correspondence to 4906 Point Fosdick Dr., Suite 102, Gig Harbor, WA 98335