Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Production of Biocompatible Polymers in Iran October 30th, 2014

New solar power material converts 90 percent of captured light into heat: SunShot Project aims to make solar cost competitive October 29th, 2014

Watching the hidden life of materials: Ultrafast electron diffraction experiments open a new window on the microscopic world October 27th, 2014

Polymeric Scaffold Recreates Bladder Tissue October 27th, 2014

Announcements

Nano Ruffles in Brain Matter: Freiburg researchers decipher the role of nanostructures around brain cells in central nervous system function October 31st, 2014

Gold nanoparticle chains confine light to the nanoscale October 31st, 2014

'Nanomotor lithography' answers call for affordable, simpler device manufacturing October 31st, 2014

Device invented at Johns Hopkins provides up-close look at cancer on the move: Microscopic view of metastasis could give insight about how to keep cancer in check October 31st, 2014

Financial Reports

Aspen Aerogels, Inc. Schedules Third Quarter 2014 Earnings Release and Conference Call for November 6, 2014 October 17th, 2014

Nanometrics to Announce Third Quarter Financial Results on October 28, 2014 October 8th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Arrowhead Reports Fiscal 2014 Third Quarter Financial Results and Provides Update on ARC-520 August 12th, 2014

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





  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE