InvestorsHub Logo
Followers 134
Posts 3703
Boards Moderated 2
Alias Born 09/11/2003

Re: momentum74 post# 535

Monday, 12/07/2009 11:44:58 AM

Monday, December 07, 2009 11:44:58 AM

Post# of 13148
Same here, just reloaded with the sweet news~ :)




NaturalNano Receives Additional New Funding for 2010
Dec. 7, 2009 (GlobeNewswire) --
ROCHESTER, N.Y., Dec. 7, 2009 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N) Acting CEO and President James Wemett announced that NaturalNano has received funding sufficient to support the Company's core operating costs for most of 2010. "NaturalNano has spent 2009 refocusing and re-establishing its core business and this new financing is a major vote of confidence in the direction the Company is now headed." James Wemett continues, "NaturalNano has been fortunate to have the support of its financial partners for the necessary re-positioning work accomplished in 2009 and now we have additional support from a NYC firm to expand not only our current technology but to continue our efforts to identify acquisitions opportunities that fit our capabilities for improving products in the market."

NaturalNano continues to identify new applications that utilize its Halloysite Natural Tube (HNT) technology. The Company holds a strong patent portfolio and is working with a range of fortune 500 companies to improve their product offerings. Wemett adds, "Our effort to provide free samples for research and feasibility studies at Universities has been a major success. We have shipped samples for feasibility work around the world through this program and NaturalNano expects to identify additional uses for HNTs. The diverse uses of our HNTs include improving the capture of cancer cells by using HNTs as part of a novel cell capture technology in development at Cornell University in the Lab of Dr. Michael King."

"Although the company is now listed on the Pink Sheets which does not have SEC reporting obligations, (NNAN.OB is currently NNAN.PK) the company is committed to maintaining its SEC reporting obligations and hopes to be relisted on the OTC in 2010. In the meantime we will continue to release information to our shareholders as we make progress in the New Year. We thank our stockholders for their continued support and wish them a happy and healthy Holiday Season," Wemett also added.

About NaturalNano, Inc.

NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N) is a materials science company focused on developing and commercializing advanced nanocomposites. Based in Rochester, NY, the Company is focused on additive technologies and processes, including its proprietary Pleximer polymer additive that add value to industrial polymers, plastics and composites, as well as consumer and industrial products. NaturalNano holds and licenses over 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite and other nanotubes. Visit www.naturalnano.com for more information.

Cautionary Statement Regarding Forward-Looking Statements: This press release may contain forward-looking statements regarding future events and future performance of NaturalNano that involve risks and uncertainties that could materially affect actual results. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of NaturalNano's filings with the Securities and Exchange Commission. The most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB filed by NaturalNano provide information about these factors, which may be revised or supplemented in future reports to the SEC on those forms or on Form 8-K. We caution investors not to place undue reliance on forward-looking statements, and we do not undertake any obligation to update or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other such factors that affect the subject of these statements, except where expressly required by law.

CONTACT: NaturalNano, Inc.
Jim Wemett
585-267-4848
info@naturalnano.com




Source: GlobeNewswire (December 7, 2009 - 11:29 AM EST)
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.