**Effective February 2, 2004 NanoSignal entered into an employment agreement
with its Chief Executive Officer. The one year agreement provides for an
annual salary of $182,500 for each year, plus incentives and certain employee
benefits, as defined by the agreement. The agreement also provides for
5,000,000 shares of common stock.
**As of March 31, 2004, the Company had three employees.
**Our operating expenses for the quarter ended March 31, 2004 were $10,157,640
and were primarily incurred for consultants, rent and other services rendered
in connection with our financial reporting obligations with the Securities
and Exchange Commission as well as stock transfer agent fees **The Company has approximately $14,994 in current assets