NaturalNano, Inc. (OTC Bulletin Board: NNAN; FWB: N3N), a company whose primary business is discovering, refining, and marketing naturally occurring nanomaterials, today announced that it has filed its 2005 Annual Report on Form 10-KSB with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2005. The filing includes details on the Company's 2006 licensing and marketing strategies.
Michael Riedlinger, President of NaturalNano, said, "NaturalNano achieved its goals for 2005. We became a publicly traded company in both the U.S. and Germany enabling us to further expand commercialization activities for our unique nanomaterials. We achieved a key operational milestone with the Company's first shipment of samples for testing and evaluation for commercial applications to a Fortune 100 company. Our IP portfolio currently contains twenty issued and pending patents including, most recently announced, an exclusively licensed patent to access a radio frequency shielding technology."
Riedlinger continued, "We enter 2006 prepared to take advantage of significant growth opportunities. Future business plans include the expansion of strategic alliances, working with customers on specific applications, and increasing the Company's visibility in the scientific and investment communities. Furthermore, we believe that the commercial applications resulting from our research will result in substantial licensing potential across a wide range of industries."
About NaturalNano, Inc.
NaturalNano, Inc. (OTC Bulletin Board: NNAN; FWB: N3N) is a materials science company developing unique and proprietary processes for refining naturally occurring nanotubes and other nanomaterials that add competitive properties to a range of applications. These include additives to cosmetics and personal care products, and absorbent materials, as well as: 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 extraction and separation processes, compositions, and derivatives of halloysite and other nanotubes. For more information, please visit http://www.naturalnano.com.
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