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Advance Nanotech Inc. (OTC BB: AVNA), the premier provider of financing and support services to drive the commercialization of nanotechnology related products for homeland security and display technologies, announced today that it has retained ROI Group LLC as its investor relations counsel. ROI will be executing a comprehensive investor outreach program on behalf of AVNA, introducing AVNA's compelling investment story to a diverse audience of potential investors.
"We have spent the past 4 years developing interests in over 20 nanotechnologies, with many of them positioned for commercialization over the coming few years. Our ability to create and drive innovative nanotechnologies is well-established, and we look forward to harvesting the benefits of our investments over the coming years. Investors are keenly interested in nanotechnologies and appreciate the enormous potential for them to impact our daily lives," said Tony Goncalves, CEO of Advance Nanotech. "In hiring ROI, we are continuing to expand our efforts to communicate our compelling story to an increasingly large audience of potential shareholders. Our long-term commitment to creating shareholder value will be aided by ROI's expertise in working with emerging growth companies such as ours," concluded Mr. Goncalves.
Robert Giordano, Managing Director of ROI Group LLC, commented, "Advance Nanotech is an exceptional growth opportunity in our estimation. Advance Nanotech's diverse portfolio of nanotechnologies creates a strong story for us to introduce to potential shareholders. While the nanotechnology space has been cyclical in valuation, we believe that Advance Nanotech's approach is very attractive. By collaborating with some of the world's most prestigious universities, Advance Nanotech is building a solid foundation for future growth. We are excited about working with Advance Nanotech management in building their company."
About Advance Nanotech
Advance Nanotech identifies patented, patent-pending and proprietary technologies at leading universities and funds the additional development of such technologies in exchange for the exclusive rights to commercialize any resulting products. Advance Nanotech has interests in over 20 nanotechnologies which are grouped into two operating subsidiaries: Advance Display Technologies plc, which is listed on the PLUS-Quoted market in London (ADTP) and Advance Homeland Security plc.
By partnering with universities and leveraging the infrastructure and multi-disciplinary human resources of our university partners, we reduce our cost base and mitigate risk. After prototypes are proven within the lab and we develop a product roadmap and business plan, we form majority owned subsidiaries around the specific technology. We seek to return value to our shareholders through the sale or licensing of the technology, by securing additional financing for the subsidiary from either the venture capital community or the capital markets, or by successfully executing our business plan and consolidating its income as the majority shareholder.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, the future success of our scientific studies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K and 10-K/A, recent and forthcoming Quarterly Reports on Form 10-Q and 10-Q/A, recent Current Reports and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
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ROI Group Associates, Inc.
Robert Giordano, 212-495-0201
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