Nannaco Acquisition Target, Red Alert Group, Enters Into Agreement With Republic Capital

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GIG HARBOR, Wash., May 27 /PRNewswire-FirstCall/ -- Nannaco, Inc. (OTC Bulletin Board: NNCO), which announced on March 29 that it has entered into a letter of intent to acquire Red Alert Group, Inc., today announced that Red Alert Group has represented to Nannaco that Red Alert Group has entered into an agreement with Republic Capital. Red Alert Group has represented that this agreement is designed to provide financing to municipalities that wish to acquire products, training and services for first responders from Red Alert Group. Additionally, Red Alert Group has represented that the agreement calls for Republic Capital to provide direct financing as well as arrange syndicated funding as necessary to support Red Alert Group's Homeland Security sales efforts to state and local governments. Red Alert Group primarily provides solutions for Homeland Security, Cyber Security, and Private Military Security. The firm is active in Counterterrorism -- creating measures, procedures, and training as well as mitigation and recovery strategies. Red Alert Group operates in the US from its headquarters in Atlanta and its government office in Washington. Red Alert Group International BV, in The Hague, and Red Alert Group Pte. Ltd., in Singapore are wholly-owned subsidiaries, and the company has a representative office in Kuwait. Dr. Timothy A. Holly, CEO of Red Alert Group said, "We are very excited about the potential to offer municipalities financing for first responder purchases as a result of our new relationship with Republic Capital." Nannaco, Inc. will receive no benefits, economic or otherwise, from the agreement referenced herein unless and until the acquisition of Red Alert Group is completed. The proposed transaction is subject to customary closing conditions, including due diligence, execution of a Definitive Agreement and approval by the respective Board of Directors (and, to the extent required by applicable law, shareholders). There can be no assurance that the transaction will be completed. Nannaco, Inc., previously provided surface cleaning, surface protection, surface restoration, and other services to commercial and industrial businesses, as well as to owners of historical buildings. The Company has moved to a new line of business as a consultant and advisor to customers and is seeking to improve it financial position through the acquisition of or merger with companies capable of providing the best value to its shareholders. More information about Nannaco, Inc. can be found at http://www.sec.gov and on Red Alert Group, visit its website at http://www.redalertgroup.com . This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring including, but not limited to, our contemplated transaction with Windham Resources, Inc.; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control. For further information, please contact Steve Careaga at 253-853-3632, or send correspondence to 7235 North Creek loop, Gig Harbor, WA 98335. SOURCE Nannaco, Inc. -0- 05/27/2004 /CONTACT: Steve Careaga of Nannaco, Inc., +1-253-853-3632/ /Web site: http://www.sec.gov / /Web site: http://www.redalertgroup.com / (NNCO) CO: Nannaco, Inc.; Red Alert Group, Inc.; Republic Capital ST: Texas, Georgia, Washington IN: CPR OTC FIN ARO SU: FNC

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Due Da Due......But Be Quick About It!!!!!

This Berlin Exchange is becoming a big problem, Marva, can you put up the email so we can all email them ????

toll-free: 866-786-4946

also on their web site you can fill out a short form with comments to send them an e-mail message.

Red Alert Group is a private company. We are working on a merger with Nannaco. This merger must be approved by shareholders like you. Untill Nannaco's shareholders meet, we will only continue providing Nannaco with information about our company and they will decide whether or not to release the information.

We have no control over any listing on any exchange. However, since we do have shareholders and operations outside the United States, the Berlin Exchange may provide some liquidity and support for Red Alert Group-- if and when the merger with Nannaco is consummated.

All the best,