SANTA CLARA, Calif., Jan. 26 /PRNewswire-FirstCall/ -- NanoSensors, Inc. (OTC Bulletin Board: NNSR - News ), today announced a 10 for 1 stock split to shareholders of record on January 12, 2006, payable today on January 26, 2006. As a result of the stock split, each holder of shares of NanoSensors' common stock on the record date will receive nine (9) new shares of common stock for each one share held on that date.
NanoSensors, Inc. had 20,502,500 shares of common stock issued and outstanding on the record date. After the stock split is effected, approximately 205,025,000 shares will be issued and outstanding and will trade commencing January 27, 2006, at one-tenth (1/10) of what they were traded at immediately prior to January 27, 2006.
NanoSensors, Inc. is a Nevada corporation that was incorporated on December 23, 2003. The Company's principal business is the development, manufacture and marketing of sensors and instruments, along with the management of intellectual property derived therefrom.
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
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