GIG HARBOR, Wash. and FT. LAUDERDALE, Fla., June 21, 2005 (PRIMEZONE) -- Nannaco, Inc.'s (OTCBB:NNNC) merger partner, Amenni Inc., announced today that Amenni's Zurich Office has reported excellent results from a pilot trial that took place using Amenni's Sports Patch.
The Sports Patch was used instead of traditional ice packs by Snow Boarders and Skiers as a first call treatment for Joint Injuries. The Sports Patch enabled the patients to recover from their injuries both quicker and with less inconvenience to their lifestyle.
Amenni is currently applying for the CE-Mark for the Sports Patch, which will allow them to market the product within the European Community. It is anticipated that this will be in place for the 2006 Winter Sports season.
"Our Zurich Office is confident that while the CE-Mark application process is taking place a quality European distributor will be appointed. Once appointed the distributor will be marketing products further products from our Healthcare, Cosmetic and Medical ranges," noted Patrick Lochrie, Amenni's CEO. He also confirmed that Ibuprofen patch trials will commence shortly.
As previously announced, Amenni, LLC 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., 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.
More information about Nannaco Inc. can be found at http://www.sec.gov
The proposed transaction is subject to conditions, including, without limitation, satisfactory completion of due diligence by both parties and the execution of a definitive agreement relating to the transaction containing customary terms and conditions. There can be no assurance that a definitive merger agreement will be entered into or, if entered into, that the contemplated share exchange will be consummated.
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