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Nanosignal Authorizes an Increase in Common and Preferred Shares
LAS VEGAS
Princeton Research, Inc.
Mike King, 702-650-3000
Nanosignal (Pink Sheets:NNOS) has announced an increase in authorized common stock to 1 billion shares and authorized super- preferred shares to 100,000. The super-preferred shares will be split evenly between Sir Dr. Rupert Perrin, Chairman and Gary Walters, president.
The Board has arranged financing for $ 1,000,000 through a subordinated convertible debenture.
Dr. Perrin says, "The financing will help complete the Dicom compatibility to the open-end Hitachi MRI system. Bit Micro has supplied the solid state flash drive which has tremendous power. For example, the Lord of The Rings is four hours long. Four of them could be downloaded in less than a second, while being able to store fifty of them on one flash drive."
The shareholder's meeting will be rescheduled for April 25, 2005, the location to be announced.
Forward-Looking Statements.
This Press Release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this Press Release, other that statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable. It can give no assurance that such expectations will prove to have been correct.
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