ROCHESTER, N.Y., Jan. 27 /PRNewswire-FirstCall/ -- NaturalNano, Inc.
(OTC Bulletin Board: NNAN) (FWB: N3N), a company whose primary business is
discovering, refining, and marketing naturally occurring nanomaterials,
announced today that all existing shareholders of record at the close of
business on February 8, 2006 will receive one additional common share for
every common share held. Stock certificates for the newly issued shares will
be delivered to the shareholders of record and will not require the exchange
of their existing certificates.
NaturalNano President Michael Riedlinger said, "The Company's board of
directors has undertaken this initiative and approved the increase in the
number of shares authorized in order to enhance trading liquidity and to
further broaden NaturalNano's shareholder base. In addition, this undertaking
reinforces the Company's strong commitment to building shareholder value."
Riedlinger continued, "We believe NaturalNano is poised for substantive
growth. The Company has the expertise needed to further develop our patent
portfolio and apply our nanotechnology developments to broad applications
across numerous industries. We are currently focused on the commercialization
of our proprietary nanotechnologies related to naturally occurring halloysite
nanotubes. Key initiatives for the year include: expanding the Company's
patent portfolio, increasing our visibility in the scientific and investment
communities, and building strategic alliances with major companies that are
seeking competitive advantages through the use of our technologies in their
market areas. These are vital to reaching our goals for 2006 and for
delivering growth to our shareholders."
NaturalNano has rights to multiple issued and pending patents that cover
processes, compositions, and derivatives for the nanotubes found in halloysite
clay. More than 200 different commercial applications have been identified to
date. The Company is also developing proprietary, patent-pending extraction,
separation, and classification technologies to enable production of more
uniform nanotubes to meet the higher standards required for advanced
applications of the naturally occurring nanotubes. These include precise,
controlled, and extended release of application-specific additives for use
with cosmetics, polymers and plastics and other areas.
To learn more about NaturalNano, please visit http://www.naturalnano.com.
About NaturalNano, Inc.
NaturalNano, Inc. (OTC Bulletin Board: NNAN) is a materials science
company developing unique and proprietary processes for refining naturally
occurring nanotubes and other nanomaterials that add competitive properties to
a range of applications. These include additives to cosmetics and personal
care products, and absorbent materials, as well as: electromagnetic
interference shielding, specialty coatings, and material additives for
industrial polymers, plastics and composites. NaturalNano possesses broad
intellectual property rights and proprietary know-how for extraction and
separation processes, compositions, and derivatives of halloysite and other
nanotubes. For more information, please visit http://www.naturalnano.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may constitute forward-
looking statements within the meaning of applicable securities laws. These
statements reflect what NaturalNano anticipates, expects, or believes may
happen in the future. NaturalNano's actual results could differ materially
from the outcome or circumstance expressed or implied by such forward-looking
statements as a result of a variety of factors including, but not limited to:
NaturalNano's ability to develop its technologies; the approval of
NaturalNano's patent applications; the successful implementation of
NaturalNano's research and development programs; the ability of NaturalNano to
demonstrate the effectiveness of its technology; the acceptance by the market
of NaturalNano's technology and products incorporating such technology, the
ability of NaturalNano to effectively negotiate and enter into contracts with
third parties for the licensing of NaturalNano's technology; competition; the
ability of NaturalNano to raise capital to fund its operating and research and
development activities until it generates revenues sufficient to do so; and
the timing of projects and trends in future operating performance, as well as
other factors expressed from time to time in NaturalNano's periodic filings
with the Securities and Exchange Commission (the "SEC"). As a result, this
press release should be read in conjunction with NaturalNano's periodic
filings with the SEC which are incorporated herein by reference. The forward-
looking statements contained herein are made only as of the date of this press
release, and NaturalNano undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.
NaturalNano Inc. Bobbi Drew
SOURCE NaturalNano, Inc.