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NanoSignal Corp (Pink Sheets: NNOS -http://finance.yahoo.com/q?s=NNOS.PK ) NanoSignal Corp, announced that further negotiations are underway to acquire a privately held biomedical products distribution company. This announcement was made by President and CEO, James Wolfe.
The biomedical company being considered has been in business for over 15 years, has produced consistent annual revenues averaging $6,000,000 with profits of approximately 20% to the bottom line. The company owns over $5,000,000 in net tangible assets and operates a distribution center in South Florida.
NanoSignal, in collaboration with BBX, has signed a new agreement with Cell Robotics International, Inc., a company engaged in the development, manufacture and marketing of a laser-based medical device with applications that address the blood sample and collection markets. See the corporate web site (http://www.cellrobotics.com) for more information. The agreement is pending Board of Directors approval.
Mr. Wolfe stated that ''we have reviewed the Research and Development program of our MRI enhancement technology, SLICES, and we will continue to advance that program while we seek out acquisitions of cash flow generating companies in our core biomedical business sector.''
Posts: 769 | From: Hotizona | Registered: Aug 2005
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If this agreement confirmed, NNOS will fly like NNNC did some days ago. Merger process is ongoing and we can go as high as 0.01$/sh. when completed. Good luck and cross fingers!
Posts: 477 | Registered: Oct 2004
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Very high pressure on low volume market, this means we can go up on reversal pattern soon GLTA!
Posts: 477 | Registered: Oct 2004
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