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SAN ANTONIO, Apr 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- Nannaco, Inc. (NNCO) , announced today that its Board of Directors approved the completion of due diligence in connection with the proposed acquisition of Red Alert Group.

"We believe Red Alerts' history and potential for growth in the homeland security field represent an exciting opportunity for Nannaco shareholders to participate in a rapidly growing market segment," said Mr. Steve Careaga.

Nannaco, Inc., previously provided surface cleaning, surface protection, surface restoration, and other services to commercial and industrial businesses, as well as to owners of historical buildings. The Company has moved to a new line of business as a consultant and advisor to customers and is seeking to improve it financial position through the acquisition of or merger with companies capable of providing the best value to its shareholders.

Red Alert Group primarily provides solutions for Homeland Security, Cyber Security, and Private Military Security. The firm is active in Counterterrorism -- creating measures, procedures, and training as well as mitigation and recovery strategies. Red Alert Group operates in the US from its headquarters in Atlanta and its government office in Washington. Red Alert Group International BV, in The Hague, and Red Alert Group Pte. Ltd., in Singapore are wholly-owned subsidiaries, and the company has a representative office in Kuwait.

For further information, please contact Steve Careaga at 253-853-3632, or send correspondence to 7235 North Creek loop, Gig Harbor, WA 98335.

SOURCE Nannaco, Inc.

Steve Careaga of Nannaco, Inc., [phone] (NNCO)

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