Mucinno Holding Inc. (MCNO)

[RedShoulder]

'Nano Coatings Technology Corp' will be the name of the 50/50 JV between CTLE and Fintegra to build a nano coatings and nano paint manufacturing and distribution facility, capable of producing 400,000 liters of nano coatings per month. Pemex, with 7 refineries, and a client of Fintegra, has had the nano paint tested and has ordered 27,000 liters of the fire and heat resistant nano paint for one of it's seven refineries.

-----CTLE PR snip -----

The binding LOI is structured whereby Nano Labs Corp. (a Colorado Corporation) (OTCQB: CTLE) will be 50% equity owner of the newly formed company, Nano Coatings Technology Corporation (a Nevada, USA company) and whereby Fintegra will own a 50% equity.

The LOI Agreement sets the framework for the companies to complete a formal "Joint Venture and Financing Business Agreement" (JVFBA). Both companies are currently completing due diligence to outline marketing and sales budgets, product order financing, production manufacturing facilities, and financials and financing. Further topics covered in these workshops include: product efficacy testing and qualifications, current order and production commitments, product pricing structures, and international licensing and royalty opportunities and obligations.

Conditional of the JVFBA, Fintegra has committed to invest up to US $2,000,000 with the intention of launching a manufacturing facility to produce 400,000 liters per month, and a marketing and sales development team.

Conditional of the JVFBA, Nano labs has undertaken to support a comprehensive process to reinvigorate the marketing of the Company and its nano coatings product lines, and specifically launch supporting nano coating brand(s), marketing, business development and sales programs.

The newly formed company, Nano Coatings Technology Corp., will cooperatively then identify and develop the markets for novel nano coatings products that may generate new revenue from marketing products, including but not limited to: insecticides coatings, water repellant coatings, thermal and fire retardant products, and intumescent coatings.

CTLE PR:
http://finance.yahoo.com/news/nano-labs-signs-agreement-fintegra-165704838.html