Nanopierce Technologies (NPCT)

[PeteZerria]

Auditors Remove ``Going Concern'' Qualification on Financial Statements

Auditors of NanoPierce Technologies, Inc. Remove ``Going Concern'' Qualification on Financial Statements
DENVER--(BUSINESS WIRE)--Sept. 27, 2001--NanoPierce Technologies, Inc. (OTCBB:NPCT - news) today announced the filing of its June 30, 2001
Annual Report on Form 10-KSB with the Securities and Exchange Commission.

The Company further announced that in connection with the filing of the June 30, 2001 Financial Statements, its independent auditors Gelfond
Hochstadt Pangburn, PC, Denver, Colorado issued an unqualified opinion, removing the ``Going Concern'' uncertainty paragraph from their Opinion.

Kristi J. Kampmann, Chief Financial Officer of the Company, said, ``The removal of the `Going Concern' uncertainty paragraph by the Company's
auditors is a significant financial event for the Company. We believe that the Company is sound and that the Company will be able to support
continuing and the ever-expanding operations of the Company.''

Paul H. Metzinger, Chief Executive Officer & President of the Company, commented, ``We have worked long and hard to achieve this opinion from our
independent auditors. The importance of an unqualified opinion on our financial statements from our independent auditors for future institutional
financings of the Company cannot be understated. It is yet another significant development for the Company, which will promote additional confidence
in the trading market for our securities, as well as enhance our financial image and stature with industry partners in the microelectronics markets.''

The Company reported at June 30, 2001 total assets of $6,307,592 of which, current assets were $4,972,996, total current liabilities of $170,739 and
stockholders' equity of $6,136,853. The Company reported no long-term liabilities for the fiscal year ended June 30, 2001.

The June 30, 2001 Annual Report on Form 10-KSB can be obtained by accessing the Company's filings with the Securities and Exchange
Commission at www.sec.gov.

NanoPierce Technologies, Inc. of Denver, Colorado, USA, is traded on the Nasdaq stock market (OTCBB:NPCT - news) as well as on the Frankfurt
and Hamburg (OTC:NPI - news). In addition to the 12 patents it owns, NanoPierce has numerous applications pending, others in preparation, and
various other intellectual properties related to NanoPierce's proprietary NCS (NanoPierce Connection System). This advanced system is designed to
provide significant improvement over conventional electrical and mechanical interconnection methods for high-density circuit boards, components,
sockets, connectors, semiconductor packaging and electronic systems.

For more information on NanoPierce Technologies, Inc. please visit this web site: http://www.nanopierce.com

This announcement contains forward-looking statements