News for the Record...Nano Chemical Systems Holdings, Inc. Closes Long Term Financial Instrument
Monday December 4, 10:00 am ET
SEAFORD, Del., Dec. 4 /PRNewswire-FirstCall/ -- Nano Chemical Systems Holdings, Inc. (OTC Bulletin Board: NCSH - News), ("NanoChem" or "the Company") announces that it has closed an unsecured long term financial instrument with Pangea Ultima Corporation. This debt instrument will provide ongoing funding and allow the Company to aggressively pursue its short and long term goals.
Pangea Ultima Corporation is a privately held company that comprises multiple public and private equities. As previously announced its portfolio will be combined with Online Sales Strategy Groups (OTC: OSSG - News) existing portfolio, which includes 120 million EarthFirst Technologies, Inc. (OTC Bulletin Board: EFTI - News) common shares, 20 million Nanobac Pharmaceuticals, Inc. (OTC Bulletin Board: NNBP - News) common shares, 20 million U.S. Energy Initiatives Corporation (OTC Bulletin Board: USEI - News) common shares and 10 million GiGcom common shares.
"The amount of the funding pales in comparison to the value of the strategic importance of its source to the Company," said Mathew Zuckerman, CEO of Nano Chemical Systems Holdings, Inc. Mathew Zuckerman, CEO, continued: "Nano Chemical's new products draw from and are the nexus of a number of technologies and services that exist in the office, laboratories and plants of Pangea. We anticipate that this financing is the first step of many win-wins for both companies that in the process will add value to Nano Chemical."
John Stanton, Chairman and CEO of Pangea Ultima Corporation commented: "We are impressed with Nano Chemical's, management, Nanotechnology and especially their in-house capability for embodiment of Intellectual Property (IP) into commercially sellable products in a manufacturing facility that has proven it can be cost-competitive against domestic and foreign competition."
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