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*Mag*
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GIG HARBOR, Wash., May 5, 2005 (PRIMEZONE) -- Nannaco, Inc. (OTCBB:NNNC)
("Nannaco"), announced today that it has executed a Letter of Intent to acquire
Amenni, LLC ("Amenni") located in Ft. Lauderdale, Florida.

Amenni is a premier developer and manufacturer of Nutraceuticals - naturally
sourced biologically active components for human and animal health benefits.
Amenni's initial success has been in creating 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 twelve months.

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.

Steve Careaga, CEO of Nannaco, expressed excitement at signing the Letter of
Intent. "We are delighted about this opportunity to combine with Amenni," he
noted. "Amenni has demonstrated its ability to operate successfully in the
multi-billion dollar nutraceutical marketplace. Their combination of successful
product development and business acumen is unparalleled. I look forward to
completing this transaction so that Nannaco shareholders can participate in this
lucrative and rapidly growing marketplace."

About Nannaco, Inc.

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 its
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 www.sec.gov

NOTE: 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)
the company's limited operating history; (2) the company's ability to pay down
existing debt; (3) the company's ability to retain the professional advisors
necessary to guide us through our corporate restructuring; (4) the company's
ability to secure necessary financing; (5) potential litigation by shareholders
and/or former or current advisors against the company; (6) the potential
inability of the company to have a registration statement declared effective;
(7) the company's success in securing third-party commitments, production
agreements and/or licensing contracts; (8) the company's ability to comply with
federal, state and local government regulations and/or unforeseen changes in
federal or and government regulation; and (9) the risks inherent in the
investigation and consummation of the acquisition of a new business opportunity
or other factors over which we have little or no control. Nannaco, Inc.

CONTACT: Nannaco, Inc.
Steve Careaga
253-853-3632
4906 Point Fosdick Dr., Suite 102
Gig Harbor, WA 98335

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^..^

Posts: 3897 | From: New York | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Hiram
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it's moving.

--------------------
"A=A."

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pensandoenti67
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Thanks for the news. I'm in
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iknowlessthannothing
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first wave of profit takers out...come on wave 2

--------------------
4,311 heads are better than one...unless that one is a market maker

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Hiram
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"wave 2". are you kidding? the MM's pumped and dumped.

--------------------
"A=A."

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iknowlessthannothing
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i thought the news pumped it...i didnt know the mm's were pumping.....how did you figure that out?

--------------------
4,311 heads are better than one...unless that one is a market maker

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The Insider
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NNNC --running nicely this morning!!
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Hiram
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quote:
Originally posted by iknowlessthannothing:
i thought the news pumped it...i didnt know the mm's were pumping.....how did you figure that out?

the same way you figured out that the profit takers were selling in "waves"?

lol.

--------------------
"A=A."

Posts: 209 | From: Ohio | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
   

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