NaturalNano Inc. Announces 3rd Quarter Financial Results; Sales Revenue Increases 318%
Nov. 16, 2010 (GlobeNewswire) --
ROCHESTER, N.Y., Nov. 16, 2010 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N) announced today financial results for the Third Quarter of 2010. During the Third Quarter, sales revenue significantly increased over both same quarter in 2009 and the year to date results. The first nine months of 2010 showed an increase over the similar period in 2009 by 318% and same quarter results were up 1229%.
Acting CEO and President James Wemett said, "NaturalNano is pleased to report the positive results for the Quarter that continued to evidence growth in revenues. We are particularly pleased with the performance of Combotexs which is majority owned by NNAN. Combotexs markets and provides high quality Patient Safety Checklists Boards and CRM training to Hospitals and Healthcare Facilities. Patient safety is a hot topic right now and we are providing high quality, made to order Safety Boards to Operating Theaters and Emergency Rooms where an increasing number of customers seek to provide their professional staff with the latest tools in Error Prevention. "
Wemett also noted, "Year-to-date sales for our proprietary HNT product remained the same as last year as we continue to supply, market leading nail polish producer, Fiabila with our HNT product.
About NaturalNano, Inc.
NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N) is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including its proprietary Pleximer used in industrial polymers, plastics and composites. NaturalNano holds and/or licenses 20 patents and patent applications for extraction and separation processes, compositions, and derivatives of Halloysite. www.naturalnano.com.
Combotexs, LLC, (www.combotexs.com ) which is 51% owned by NaturalNano, markets a range of consumer and industrial products, including its Patient Safety Checklist Boards, the BASF manufactured Super Magic Eraser product and a complete product line of non-alcohol sanitizers for hands and hard surfaces.
Cautionary Statement Regarding Forward-Looking Statements: Contains forward-looking statements regarding future events and future performance 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-K and quarterly reports on Form 10-Q 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
jimwemett@aol.com
Source: Globe Newswire (November 16, 2010 - 8:30 AM EST)
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