posted
NanoSignal Corporation Announces Changes to its Organization
August 31, 2005 08:30:27 (ET)
LAS VEGAS, Aug 31, 2005 (PRIMEZONE via COMTEX) -- NanoSignal Corp. (Pink Sheets:NNOS), a fully reporting company, announced today that it completed reassessing the company organization in order to improve its operations. "The assessment is wide ranging and covers all aspects of the company's operations," said Dr. Rupert Perrin.
The assessment included the Board of Directors. Dr. Lawrence Madoff served as a member of the Board for over three years and is leading the transition of the company in its new alliance with Cell Robotics International, Inc. (CRII). Dr. Madoff is joining the Board of CRII. "CRII and NanoSignal Corporation, Inc. have entered into a strategic marketing relationship and exploring other areas of collaboration," said Dr. Madoff
In other news, Gary W. Walters, former President and CEO and former Super Preferred Shareholder, is pursuing other interests and will devote his efforts to personal matters. Mr. Walters, who has maintained his ties to the company through consulting agreements since relinquishing his status of Super Preferred Shareholder in September 2003, guided the company through the lengthy court proceedings that resulted in NanoSignal prevailing in the court action against George Parks and the original Pennsylvania company.
The company has negotiated a 504 Regulation D exemption in order to raise one million dollars for investment in the Company. The funds will be used to complete the beta testing of a Dicom compatible version of its Slices(tm) product with the Hitachi MRI products.
-------------------- It is always darkest before it goes completely BLACK!!!
IP: Logged |
posted
It start to change of trend and seems to go up after the NR, but we need the 1 mio financing completed to see this flying! Good luck
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
