ROCHESTER, N.Y., March 24 /PRNewswire-FirstCall/ -- NaturalNano, Inc. (OTC Bulletin Board: NNAN)(FWB: N3N) Acting CEO and President James Wemett announced today that he has recently completed a review of the NaturalNano business including the core technology, patent portfolio, current and potential customers. Mr. Wemett has confirmed both the technical and commercial viability of NaturalNano's additive technologies and processes, including its proprietary Pleximer(TM) polymer additive. The extensive review was conducted through a series of meetings and conferences with the Company's technical team, key customers, suppliers and potential strategic partners.
Mr. Wemett said that "I am encouraged by this bottom up review and am particularly encouraged by the response from the customer base. NaturalNano is actively engaged with its commercial partners on a number of feasibility studies and are in discussions on strategic longer term relationships. We continue to fulfill existing contractual obligations while we aggressively seek additional financially attractive opportunities to commercialize our proprietary technology. As we go forward, I will be informing our investors, and the financial community at large, of these exciting plans as well as the continued strengthening of the new management team."
About NaturalNano, Inc.
NaturalNano, Inc. (http://www.naturalnano.com/) (BULLETIN BOARD: NNAN) (FWB: N3N) is a materials science company focused on developing and commercializing advanced nanocomposites and extended release nanotechnologies. Based in Rochester, NY, the Company is focused on additive technologies and processes, including its proprietary Pleximer(TM) polymer additive, that add value to industrial polymers, plastics and composites, as well as consumer and industrial products. NaturalNano holds and licenses over 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite and other nanotubes. For more information, visit http://www.naturalnano.com/
Cautionary Statement Regarding Forward-Looking Statements: This press release may contain forward-looking statements regarding future events and future performance of NaturalNano that involve risks and uncertainties that could materially affect actual results. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of NaturalNano's filings with the Securities and Exchange Commission. The most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB filed by NaturalNano provide information about these factors, which may be revised or supplemented in future reports to the SEC on those forms or on Form 8-K. We caution investors not to place undue reliance on forward-looking statements, and we do not undertake any obligation to update or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other such factors that affect the subject of these statements, except where expressly required by law.
