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Nannaco, Inc. Announces Execution of Definitive Merger Agreement with Premier Developer and Manufacturer of Nutraceuticals
GIG HARBOR, Wash., Aug 9, 2005 (PRIMEZONE via COMTEX) -- Nannaco, Inc. (OTCBB:NNNC) ("Nannaco") announced that on July 21, 2005 it entered into a Definitive Merger Agreement with Amenni, Inc. ("Amenni") located in Ft. Lauderdale, Florida.
Amenni is a premier developer and manufacturer of Nutraceuticals. Amenni develops and manufactures joint-care nutraceutical products for dogs and horses. In addition to Ft. Lauderdale, Amenni has facilities located in London (United Kingdom), Dubai (United Arab Emirates) and Zurich (Switzerland).
Amenni has initially distributed these product lines through a distribution agreement with an internationally recognized pharmaceutical firm. Revenues in the first 12 months from this agreement exceeded $1 million, and the first product was launched in 10 countries. Amenni anticipates a roll-out to an additional 15-20 countries, including the U.S., within the next 12 months.
Amenni has also initiated the launch of its highly innovative Sports Patch into the U.S. OTC market. Its primary active ingredients have been developed in conjunction with its highly successful research into Veterinary Science.
The Sports Patch is targeting the fast-growing Sports Healthcare market and has shown significant benefits to aid the recovery from a sports injury. Joint and ligament injuries happen to all athletes. The Amenni Sports Patch applied immediately after injury helps with quicker recovery times. Currently, there are no direct competitors in the marketplace.
Amenni has already begun production of patches for a substantial U.S. client.
Amenni is developing additional products for distribution by this and other distribution partners. Furthermore, Amenni continues to develop nutraceutical products aimed at the human (as well as animal) marketplace. For 2004, Amenni has indicated that its combined revenues exceeded $3 million and anticipates strong growth in 2005.
On July 21, 2005, Nannaco entered into an agreement to merge a wholly owned subsidiary of Registrant with and into Amenni, and to rename Registrant "Amenni Inc." (the "reverse merger"). The agreement provides that all of the shares of common stock of Amenni, issued and outstanding at the time the merger becomes effective under applicable state law (the "Effective Time"), will be converted into common stock of Registrant such that the current holders of Amenni common stock will hold 97% of all shares of Registrant's common stock outstanding immediately after the closing of this merger transaction.
NOTE: Information contained in this press release, other than historical information, should be considered forward-looking in nature and is subject to various risks or uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the operating results, performance or financial condition are the company's ability to achieve and manage growth; the company's ability to attract and retain qualified personnel; the company's ability to secure necessary financing; potential litigation by shareholders and/or former or current advisors against the company; the company's success in securing third-party commitments, production agreements and/or licensing contracts; the company's ability to comply with federal, state and local government regulations and/or unforeseen changes in federal or and government regulation; and the company's ability to develop new services; and other factors discussed in Nannaco's filings with the Securities and Exchange Commission.
SOURCE: Nannaco, Inc
By Staff
CONTACT: Nannaco, Inc. Steve Careaga 253-853-3632
or
Send correspondence to: 4916 Point Fosdick Dr., Suite 102 Gig Harbor, WA 98335
(C) 2005 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services SUBJECT CODE: MERGERS PHARMACEUTICALS HEALTH MEDICAL Mergers and Acquisitions Health
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<golfman>
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I saw it. Did you also see the 400:1 reverse split coming soon?
Check the SEC files.
If you own 1 million shares, you will have 2,500 left.
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Depends on what you bought in at. I got in yesterday and sold half my shares on the ride up today. Holding free shares now. Unclear if this is just a shake or a full retrace. Seems to have some support here at high .004's. Watch closely to make your determination. But always secure profits on ride up IMO.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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Appears to be trying to make an afternnon run like yesterday...currently @.005
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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<golfman>
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How do you guys buy and sell the same day? Most online sites require $10,000 in order to do that since it's daytrading if you do it a certain amount of times.
Do you get around it by just doing it once a week or quarter?
Pretty good run on this stock! I was gonna buy it last night at .0018 and have the order filled first thing today. I didn't do it though. I bought some later on.
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$25,000 required to be pattern daytrader(no trading restrictions). But if you have less than that, you are still allowed 3 round trips per every 5 trading days. No settlement dates either if using margin account.
Another good strategy in avoiding daytrading rules is to buy before close if you are sure it is gonna gap the next day.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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NNNC going to be profiled on TradersNation today...may give a new boost.
Traders Nation: Traders Nation Television - Guest visit by Steve Selengut, author of The Brainwashing of The American Investor 8/11/05
Phoenix, Arizona, Aug 11, 2005 (M2 PRESSWIRE via COMTEX) -- Stocks covered throughout the show Traders Nation on (08.10.05) include: CanWest Petroleum Corp (OTCBB: CWPC), Nannaco Inc (OTCBB: NNNC), Fonix Corporation (OTCBB: FNIX), Valero Energy Corporation (NYSE: VLO), Apache Corporation (NYSE: APA)
Traders Nation Network and Traders Nation(tm), the largest syndicated "live" radio and television talk show for smallcap stocks under the parent company of Desert Son Media Corp., is excited to present Steve Selengut, author of "The Brainwashing of The American Investor," August 11th, at 11:06 am ET on Traders Nation(tm). Topic: Who's Preying on Your Grandparents? Viewers on the internet can see Traders Nation(tm) Television and guests at 11:06 am ET - http://www.tradersnation.com/television.shtml, Channel 1.
About Steve Selengut Steve Selengut lives in Lake Hopatcong, New Jersey. At age 56, he has experience in both large and small organizations, and has been responsible for managing serious sums of money for more than thirty years. He graduated from Gettysburg College in 1967 with a BA in Business Administration. He received his MBA degree from Pace University in 1997. Since 1979, Selengut has been a private investment manager, one of the very few who insist upon personal client contact and totally personalized portfolios developed by hand, not by computer modeling. He has written, and self-published, one other small work titled "A Millionaire's Secret Investment Strategy." He is seeking a publisher.
The Traders Nation Network: TradersNation.com hosts a network of nationally syndicated financial radio and television talk shows through various forms of broadcasting methods. Daily, web site visitors, listeners, affiliates and financial content distribution companies are able to access the most up to date market news, alerts and overall market commentary.
The Show named "Traders Nation": Multiple segments make up the 'LIVE' hour-long program where listeners and viewers gather daily to hear the latest smallcap news of the day and scheduled guests, from industry experts and CEO's. Traders also share investing, trading strategies and potential hot stock plays swirl throughout the call-in portion of the show.
- Traders Nation Television broadcasts through our partner Streetcast Television which is currently seen 4 days each week on America One Cable, a 24-hour broadcast network that provides programming to over 30 million households via 127 broadcast affiliate stations located in 40 states.
- Traders Nation broadcasts are fed on the New York ABC's Starguide Satellite System which can be received by over 4,000 radio stations across the United States. Our station affiliates capture Traders Nation for either a simulcast or rebroadcast of the show. http://www.tradersnation.com/program_clock.shtml - Traders Nation is currently syndicated online with 119 sites carrying the show and is broadcasted on WTAN 1400AM & WZHR 1340AM in Tampa, Florida and KWAI 1080AM in Hawaii.
- Traders Nation is heard by tens of thousands of end users via QuoteStream online financial software.
- Traders Nation is Apple's iTunes only pre-select financial talk show listed.
posted
Amenni, Inc., Merger Partner of Nannaco, Moves into $1 Billion Pain-Killer Marketplace
GIG HARBOR, Wash. and FT. LAUDERDALE, Fla., Aug 11, 2005 (PRIMEZONE via COMTEX) -- Amenni, Inc. ("Amenni"), merger partner of Nannaco, Inc. (OTCBB:NNNC) ("Nannaco"), announced today that it has entered the over-the-counter ("OTC") pain-killer marketplace. Amenni will begin trials of their innovative ibuprofen patch. Amenni believes that this new product will be of great benefit for those patients who have difficulty in taking pain-killers orally. Amenni's market research has indicated the Ibuprofen patch will fill a significant niche in the $1 billion + OTC pain-killer market.
Nannaco previously announced July 21, 2005 it entered into a Definitive Merger Agreement with Amenni. Amenni, with offices in Ft. Lauderdale, and facilities located in London (United Kingdom), Dubai (United Arab Emirates) and Zurich (Switzerland), develops and manufactures joint-care nutraceutical products for dogs and horses.
Amenni has initially distributed these product lines through a distribution agreement with an internationally recognized pharmaceutical firm. Revenues in the first 12 months from this agreement exceeded $1 million, and the first product was launched in 10 countries. Amenni anticipates a roll-out to the U.S. marketplace, as well as 14-19 additional countries, within the next 12 months.
For 2004, Amenni's combined revenues exceeded $3 million. Amenni anticipates generating more than $6 million in 2005.
Amenni has also initiated the launch of their highly innovative Sports Patch into the U.S. OTC market. Its primary active ingredients have been developed in conjunction with its highly successful research into Veterinary Science.
The Sports Patch is targeting the fast-growing Sports Healthcare market and has shown significant benefits to aid the recovery from a Sports injury. Joint and ligament injuries happen to all athletes. The Amenni Sports Patch applied immediately after injury helps with quicker recovery times. Currently there are no direct competitors in the marketplace.
Amenni is developing additional products for distribution by this and other distribution partners. Furthermore, Amenni continues to develop nutraceutical products aimed at the human (as well as animal) marketplace.
NOTE: Information contained in this press release, other than historical information, should be considered forward-looking in nature and is subject to various risks or uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the operating results, performance or financial condition are the company's ability to achieve and manage growth; the company's ability to attract and retain qualified personnel; the company's ability to secure necessary financing; potential litigation by shareholders and/or former or current advisors against the company; the company's success in securing third-party commitments, production agreements and/or licensing contracts; the company's ability to comply with federal, state and local government regulations and/or unforeseen changes in federal or and government regulation; and the company's ability to develop new services; and other factors discussed in Nannaco's filings with the Securities and Exchange Commission.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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Just a thought......In Oregon our governor is passing a law to make nearly all cold medications prescription only.
The numbscull [democrat]believe's he can stop the clandestine manufacturing of Crank [ Meth ] by requiring people to have to go to the Dr. just to get a prescription for a nyquil!!!
If NNNC can come up with a patch [ that can't be messed with ] we're in um, big time! FISH-ON, anyway get the idea?
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<golfman>
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posted
It went up again today
As long as I don't get reversed splited on , im a happy guy.
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[QUOTE]Originally posted by Dustoff101: [QB] Just a thought......In Oregon our governor is passing a law to make nearly all cold medications prescription only.
The numbscull [democrat]believe's he can stop the clandestine manufacturing of Crank [ Meth ] by requiring people to have to go to the Dr. just to get a prescription for a nyquil!!!
If NNNC can come up with a patch [ that can't be messed with ] we're in um, big time! FISH-ON, anyway get the idea?
-------------------------------------------------
Also, I think the patch would make an exellant delievery system for cold meds.
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a small correction on friday nothing to worry. very strong support at 0.0038-0.0041 range. on monday it will lift off again. news on thursday were great big $$$$ are coming. the return to the pennies are not far away !
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