Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > NaturalNano Inc. Announces 2nd Quarter 2011 Results: Sales Increased and Net Operating Loss Decreased

Abstract:
NaturalNano, Inc. (OTCBB:NNAN) (www.naturalnano.com) announced today financial results for the second quarter of 2011. Sales revenue for the quarter significantly increased over the same period in 2010. Annual sales revenue year to date for 2011 increased by 54% over 2010 and net operating loss decreased 75% over the same period in 2010.

NaturalNano Inc. Announces 2nd Quarter 2011 Results: Sales Increased and Net Operating Loss Decreased

Rochester, NY | Posted on August 16th, 2011

Also, in this quarter, $38,950 in liabilities were forgiven, making a positive impact on NaturalNano's balance sheet.

Acting CEO and President James Wemett said, "NaturalNano is pleased to report the positive results for the 2nd Quarter of 2011. This growth in revenue comes from new orders from Fiabila S.A. for our patented Halloysite Nanotube Technology (HNT) which is used in Fiabila's nail polish products for the USA and EU markets. Fiabila has recently introduced the nail polish products into the EU following success in the USA. We expect sales growth from Fiabila to continue for the rest of the year. The year-to-date sales of our proprietary HNT product remain strong across our customer base."

####

About NaturalNano Inc.
NaturalNano, Inc. (OTCBB:NNAN) 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 that adds value to industrial polymers, plastics and composites. NaturalNano holds and/or licenses 20 patents and applications relating to Halloysite, as well as proprietary know-how for its extraction and separation processes, compositions, and derivatives. www.naturalnano.com

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.

For more information, please click here

Contacts:
Jim Wemett

585-267-4848

Copyright © GlobeNewswire, Inc.

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

News and information

Chains of nanogold – forged with atomic precision September 23rd, 2016

Tattoo therapy could ease chronic disease: Rice-made nanoparticles tested at Baylor College of Medicine may help control autoimmune diseases September 23rd, 2016

Nanotech Grants Options September 22nd, 2016

Coffee-infused foam removes lead from contaminated water September 21st, 2016

Materials/Metamaterials

Chains of nanogold – forged with atomic precision September 23rd, 2016

Coffee-infused foam removes lead from contaminated water September 21st, 2016

Containing our 'electromagnetic pollution': MXene can protect mobile devices from electromagnetic interference September 13th, 2016

New material to revolutionize water proofing September 12th, 2016

Announcements

Chains of nanogold – forged with atomic precision September 23rd, 2016

Tattoo therapy could ease chronic disease: Rice-made nanoparticles tested at Baylor College of Medicine may help control autoimmune diseases September 23rd, 2016

Nanotech Grants Options September 22nd, 2016

Coffee-infused foam removes lead from contaminated water September 21st, 2016

Patents/IP/Tech Transfer/Licensing

NIST Patents Single-Photon Detector for Potential Encryption and Sensing Apps September 16th, 2016

For first time, carbon nanotube transistors outperform silicon September 8th, 2016

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

Financial Reports

Nanometrics Reports Second Quarter 2016 Financial Results July 26th, 2016

Nanobiotix revenue for Q2 2016 July 14th, 2016

Nanometrics to Announce Second Quarter Financial Results on July 26, 2016 July 6th, 2016

Nanometrics to Announce First Quarter Financial Results on April 26, 2016 April 5th, 2016

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







Car Brands
Buy website traffic