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late news on NNOS - Press Release Source: NanoSignal Corp.


NanoSignal Completes Acquisition of Global Medical Services and Its Subsidary Pioneer Health Solutions & Management Changes!
Monday February 21, 9:25 pm ET


LAS VEGAS--(BUSINESS WIRE)--Feb. 21, 2005--NanoSignal Corp. (Pink Sheets:NNOS - News; see pink sheets.com for NNOS - News) NanoSignal Corp. concludes its acquisition of Global Medical Services, Inc and its subsidiary Pioneer Health Solutions (http://www.pioneerhs.com). John Murray President of Global Medical Services, Inc. states "We are proud to announce today's merger with NanoSignal Corporation, Inc, we truly believe in the direction of this company and with the capital and exit strategy that NanoSignal provides, we will truly be in the position to launch our nationwide television ad campaign and fully utilize our provider network. We intend to bring national attention to both Pioneer Health Solutions http://pioneerhs.com and our new parent company NanoSignal http://www.nanosignalcorp.com."
Gary Walters the newly elected CEO of NanoSignal stated "we have accepted the resignation of Mr. Scott Ervin, Scott has done some great things for NanoSignal and we wish him well in his future endeavors." NanoSignal Corporation has also accepted the verbal resignation of Mr. Jim Slayton as secretary and treasurer. "In filling the vacancy," stated Dr Rupert Perrin "we have decided that it will be in the best interest of our shareholders to elect Dr. Lawrence Madoff as treasurer."

Dean Driscoll was considered by the board of directors and a recommendation by the CEO to the board was accepted and Dean will fill the vacancy left by Mr. Slayton whom verbally resigned and was accepted by the majority of the board of directors of NanoSignal Corporation, Dean will provide the operating standard by which NanoSignal Corp. will remain Sarbanes-Oxley Compliant in all aspects. "There is no need to elaborate on Mr. Discroll's background," said CEO Gary Walters, "Dean has developed over the past several weeks a familiarity with NNOS and it's operations."

Dr. Rupert Perrin said "We are excited that Global has chosen NanoSignal to merge with. We feel this is a proud moment in NanoSignal history to acquire a fully operational company with an expanding client base for which this medical health provider provides lower costs to persons whom other wise could not afford medical insurance or health care."

This press release contains "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such statements can be identified by lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.



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Contact:
Princeton Research, Inc. for NanoSignal
Mike King, 702-650-3000



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Source: NanoSignal Corp.