EnviroTechnologies International Inc. (ETII)

[SharpieD]

NEW YORK, NY -- (MARKET WIRE) -- 07/12/11 -- Healthnostics, Inc. (PINKSHEETS: HNSS) has received an offer to purchase the Company for $.01 per share. A Term Sheet and additional information will soon be posted on the Company website. The Term Sheet will include an Agreement to sell shares. The Healthnostics Board of Directors has unanimously approved the transaction and agreed to recommend that Healthnostics stockholders accept the offer

Who's the majority shareholder in HNSS?

Healthnostics, Inc. (PINKSHEETS: HNSS) announced three-month results for the company's investment division, HNS Fund Co. During the period May 1 - July 31, 2011 , HNS Fund Co. had a net gain in the market value of its investments totaling $957,000 . To achieve this end the company made an accretive investment of more than 100 million shares of Healthnostics, Inc. , common stock, an investment that began seven months before the formal April 26, 2011 creation of HNS Fund Co.

THe CEO is a member of the board correct? How many shares does he control? what about the rest of the board members?

So as of July 31, do you disagree that 51% of the company's shares where in the hands of the HNS fund and the board?

Or, are you telling me that when they agreed "unanimously", they didn't realize the company was worth more than the buyout offer?

Based on this plus the 25% who agreed to sell at .01, where's the argument?

Excuse me but your comments regarding "lack of foresight on the part of management" and "willful ignorance or incompetence" are way out of line and, quite frankly, ridiculous. If anything, management is bending over backwards to support shareholders. The facts - as recently as TODAY - reveal that point quite clearly.

I sorry you don't like my choice of words but how would you describe this about-face that lacked transparency?

Either they lacked foresight or they're incompetent and yes, it was an abysmal failure on the board's part.

Since you choose instead to try to educate me on the field in which I choose to speculate, let me say this:

1) This board's responsibility, like any other board, is to maximize sharesholder's value, nothing else. That's what they are getting paid to do. An 85% slide in PPS in a year is not considered maximizing shareholder value by any standard and in light of the board's rejection of a buyout offer at .01, the board is not fullfilling is duties and should be fired.

2) This lack of focus as well as lack of transparency is adding negative pressure to the price, which again falls on the hands of the board as they would have to approve these hunting expeditions.

So yes, management is responsible for the share price by managing expections and conducting business in a way that maximizes shareholder value at all times. Investors perception of the investment can only be based on management's commmunication and the investor's own due dilligence. Yes, this applies to pinks too.

HNSS management is NOT responsible for share price. Investors are. You either go with the flow or you find another investment. This is Pink Sheet country. Bear the risk, appreciate the opportunity, or move on. Those are the options all investors face.

Are you telling to get in line or sell if I don't like the way management of controlling my investment? Let me remind you that I'm a shareholder here AKA, I own part of this company, just like you. I did not purchase these shares with money borrowed or otherwise obtained from you. When I need investment advice from you, I'll ask but in the meantime I would appreciate a little less condescending attitude because I advanced a viewpoint different than yours.