Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International

Wikipedia Affiliate Button

Home > Press > NaturalNano Completes Merger

Abstract:
Commences Trading Under New Symbol

NaturalNano Completes Merger

Rochester, NY | Posted on December 02, 2005

NaturalNano, Inc. (OTCBB: NNAN), formerly known as Cementitious Materials, Inc. (OTCBB: CTTM), announced that on November 29, 2005 the Company completed the acquisition of NaturalNano, Inc., a previously privately-held company, through the merger of a wholly-owned subsidiary of the Company into NaturalNano. In connection with the merger, the Company changed its corporate name to "NaturalNano, Inc." and, to reflect the Company's new name, it will commence trading effective December 2, 2005 under the new trading symbol OTCBB: NNAN on the Over-the-Counter (OTC) Bulletin Board. Prior to the merger, NaturalNano closed a private placement totaling $4,156,000.

NaturalNano is an advanced materials company whose primary business is discovering, refining and marketing naturally occurring nanomaterials. The Company's efforts are currently directed toward research, development, production and marketing of proprietary technologies in the development of commercial applications for halloysite nanotubes that enable a range of advanced applications in material additives for polymers, plastics and composites; cosmetics and other personal care products; absorbent materials; and pharmaceuticals and medical device additives and coatings.

"We believe this merger and the private placement will allow us to further develop and market our propriety technologies and processes," said Michael Riedlinger, the Company's President. Riedlinger continued by saying, "NatualNano has assembled a team of leading researchers in the field of nanotechnology and established relationships with several government and research institutions across the country and in Europe. We are looking forward to bringing our exciting new nanotechnologies to the marketplace."

In the merger, the Company issued 44,919,378 shares of its common stock in exchange for all of the issued and outstanding common stock of NaturalNano. In addition, the Company issued 10,469,600 shares of its common stock to the investors who purchased securities in the private placement. The securities issued in the merger have not been registered under the Securities Act of 1933 and may not be resold for a period of one year absent a registration pursuant to the Securities Act.

####

About NaturalNano, Inc.:
NaturalNano, Inc. (OTCBB: NNAN) is an advanced materials company that is developing unique and proprietary processes for refining naturally occurring nanotubes and other materials that add desirable properties to a range of advanced applications including uses in cosmetics and personal care products, absorbent materials, electromagnetic interference shielding, specialty coatings, and material additives for industrial polymers, plastics and composites. NaturalNano possesses broad intellectual property rights and proprietary know-how for its comprehensive range of processes, compositions, and derivatives of halloysite nanotubes.

For more information, please click here

Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may constitute forward-looking statements within the meaning of applicable securities laws. These statements reflect what NaturalNano anticipates, expects, or believes may happen in the future. NaturalNano's actual results could differ materially from the outcome or circumstance expressed or implied by such forward-looking statements as a result of a variety of factors including, but not limited to: NaturalNano's ability to develop its technologies; the approval of NaturalNano's patent applications; the successful implementation of NaturalNano's research and development programs; the ability of NaturalNano to demonstrate the effectiveness of its technology; the acceptance by the market of NaturalNano's technology and products incorporating such technology, the ability of NaturalNano to effectively negotiate and enter into contracts with third parties for the licensing of NaturalNano's technology; competition; the ability of NaturalNano to raise capital to fund its operating and research and development activities until it generates revenues sufficient to do so; and the timing of projects and trends in future operating performance, as well as other factors expressed from time to time in NaturalNano's periodic filings with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with NaturalNano's periodic filings with the SEC which are incorporated herein by reference. The forward-looking statements contained herein are made only as of the date of this press release, and NaturalNano undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Media Contacts:
NaturalNano, Inc.
Bobbi Drew
bobbi@NaturalNano.com
585-214-8172

Jennifer Gould
JGould@rubensteinpr.com
212-843-8037

Copyright NaturalNano

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Materials/Metamaterials

Next-gen solar cells spin in new direction: Phosphorene shows efficiency promise June 21st, 2019

Electron-behaving nanoparticles rock current understanding of matter: Discovery will lead to new methods for materials design June 20th, 2019

University of Konstanz researchers create uniform-shape polymer nanocrystals: Researchers from the University of Konstanz's CRC 1214 'Anisotropic Particles as Building Blocks: Tailoring Shape, Interactions and Structures' generate uniform-shape nanocrystals using direct polymeriz June 14th, 2019

Laser technique could unlock use of tough material for next-generation electronics: Researchers make graphene tunable, opening up its band gap to a record 2.1 electronvolts May 30th, 2019

Announcements

Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) June 22nd, 2019

Ice lithography: opportunities and challenges in 3D nanofabrication June 21st, 2019

Researchers report new understanding of thermoelectric materials: Discovery leads to promising new materials for converting waste heat to power June 21st, 2019

Millions with neurological diseases could find new option in implantable neurostimulation devices June 21st, 2019

Financial Reports

180 Degree Capital Corp. Reports Net Asset Value per Share of $2.76 as of March 31, 2019; an Increase of 4.5% From December 31, 2018 May 1st, 2019

180 Degree Capital Corp. to Report First Quarter 2019 Financial Results on Wednesday, May 1, 2019 and to Host a Conference Call on Thursday, May 2, 2019 April 26th, 2019

Nanometrics to Announce First Quarter Financial Results on April 30, 2019 April 10th, 2019

Arrowhead Pharmaceuticals to Webcast Fiscal 2019 First Quarter Results January 25th, 2019

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project