News for the records... Nano Chemical Systems Announces Strategy to Achieve Cash Positive by Yearend June '07
Thursday December 14, 12:28 pm ET
SEAFORD, Del., Dec. 14 /PRNewswire-FirstCall/ -- Nano Chemical Systems Holdings, Inc. (OTC Bulletin Board: NCSH - News), (NanoChem or "The Company") today announces a renewed path to profitability. In conjunction with the executive management team from Pangea Ultima Corporation (PANGEA) (OTC: OSSG - News), the companies anticipate reaching cash flow positive operations by fiscal yearend June '07. Plan includes an immediate acceleration of its private label products, launching breakthrough Nano-enhanced products with previously announced "Intelligent Dust," (ID) and pursuit of a strategic partnership to launch proprietary Nano-based disinfectant with unique characteristics.
The relaunch of the company's private label products element of the overall strategic plan will take advantage of the company's existing 36,000 square foot manufacturing facility. This facility manufactures with multiple production lines capable of producing $100 million in annualized revenue without additional investment.
"We are the answer to the question: Where do you go to get slotted for production in days rather than waiting months for a production window?" stated Henry Simpson, General Manager of SeaSpray Aerosols, Inc., a wholly owed subsidiary of Nano Chemical Systems Holdings, Inc. Mr. Simpson continued: "SeaSpray has a rainbow of capabilities drawn from its years of production experience to be able to deliver a quality product on time to almost any aerosol customer's needs and specifications."
The Company's Nano-enhanced products will be available utilizing "Intelligent Dust" (ID) and will specifically focus on penetrating oils, car wax and furniture wax. They will capitalize on ID's unique ability to activate with high and low level light and potentially will create a new standard in many product categories.
Finally there is a license agreement in progress for a new brand of Nano powered disinfectant which will combine the intellectual property of NCSH and a new strategic partner to create a new class of disinfectant.
"We are very excited with the progress we have made with the Pangea team," stated Matthew Zuckerman, NCSH's CEO. "We believe these steps are the first in a number of positive advancements ahead which will grow share holder value into 2007 and beyond."
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