NanoSensors Enters Into Employment Agreements With Dr. Ted Wong and Mr. Joshua Moser

Aug 08, 2006, 01:00 ET from NanoSensors, Inc.

    SANTA CLARA, Calif., Aug. 8 /PRNewswire-FirstCall/ -- NanoSensors, Inc.
 (OTC Bulletin Board:   NNSR.OB), a nanotechnology development company that
 develops instruments and sensors to detect explosives, chemical and
 biological agents announced today that it has entered into three-year
 employment agreements with Dr. Ted Wong, its Chief Executive Officer and
 Joshua Moser, its newly appointed Vice President - Chief Operating Officer.
     Dr. Wong is a founder and the CEO of the Company and Mr. Moser has been
 engaged as a consultant to the Company since November 2005. During this
 time Dr. Wong and Mr. Moser developed a new business plan for the Company
 and worked closely on closing the Company's recent private placement.
     "By entering into these agreements, the Company has decided to give our
 two key people a strong vote of confidence and to endorse their plans to
 aggressively pursue key technology licenses and business developments,"
 said Robert Baron, the member of the Company's Board of Directors who was
 responsible for negotiating these agreements on the Company's behalf. "We
 feel that the compensation packages provided for by these agreements fairly
 reward these two individuals for their efforts to date as well as properly
 incentives them to execute on the Company's business plan," added Mr.
     Dr. Wong is a founder of the Company and has been its Chief Executive
 Officer and a director since its inception in December 2003. Dr. Wong has
 over thirty years of U.S. and international business experience spanning
 the operational functions of research and development, sales, finance, and
 general business. Dr. Wong holds a B.S. and a Ph.D. in Chemical Engineering
 from the University of Utah.
     Mr. Moser has extensive experience in finance, restructuring and
 operating troubled companies and managing assets in the technology,
 manufacturing and service industries. Prior to working with NanoSensors,
 from September 1999 to October 2000, Mr. Moser was the Director of Business
 Development at GCN, Inc., an online market research company. From October
 2000 to September 2002, Mr. Moser was a research analyst at Tufan, Inc.,
 where he analyzed and managed investments in privately-held software,
 semiconductor and technology service companies. From September 2002 through
 February 2005, Mr. Moser was employed as a Vice President with Sherwood
 Partners, Inc., a business and financial advisory consulting firm that
 assists commercial lending institutions and venture capital firms in
 managing and structuring corporate turnarounds. Thereafter, Mr. Moser has
 been providing management consulting services, including serving as Interim
 Chief Financial Officer at Chuckwalla, Inc., a privately-held software
 company. Mr. Moser is 35 years of age and graduated from Denison University
 in 1994 with a B.A. in History.
     About NanoSensors, Inc.
     NanoSensors, Inc. ( was incorporated in December
 2003 and is a nanotechnology development company based in Santa Clara,
 California. The Company's principal business is the development,
 manufacturing and marketing of sensors and instruments to detect explosive
 (X), chemical (C) and biological (B) agents ("XCB"), along with the
 management of intellectual property derived there from that will enable
 NanoSensors to create nanoscale devices.
     This press release contains "forward-looking statements" within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and
 Section 21E of the Securities Exchange Act of 1934, as amended, and are
 subject to the safe harbors created thereby. These forward-looking
 statements involve known and unknown risks, uncertainties and other facts
 that could cause the actual future results of the Company to be materially
 different from such forward looking statements. These forward-looking
 statements are made only as of the date hereof, and we disclaim any
 obligation to update or revise the information contained in any such
 forward-looking statements, whether as a result of new information, future
 events or otherwise.

SOURCE NanoSensors, Inc.