Nano Chemical Systems Holdings, Inc. Closes Long Term Financial Instrument
04 Décembre 2006 - 4:00PM
PR Newswire (US)
SEAFORD, Del., Dec. 4 /PRNewswire-FirstCall/ -- Nano Chemical
Systems Holdings, Inc. (OTC:NCSH) (BULLETIN BOARD: NCSH) ,
("NanoChem" or "the Company") announces that it has closed an
unsecured long term financial instrument with Pangea Ultima
Corporation. This debt instrument will provide ongoing funding and
allow the Company to aggressively pursue its short and long term
goals. Pangea Ultima Corporation is a privately held company that
comprises multiple public and private equities. As previously
announced its portfolio will be combined with Online Sales Strategy
Groups (OTC:OSSG) existing portfolio, which includes 120 million
EarthFirst Technologies, Inc. (OTC:EFTI) (BULLETIN BOARD: EFTI)
common shares, 20 million Nanobac Pharmaceuticals, Inc. (OTC:NNBP)
(BULLETIN BOARD: NNBP) common shares, 20 million U.S. Energy
Initiatives Corporation (OTC:USEI) (BULLETIN BOARD: USEI) common
shares and 10 million GiGcom common shares. "The amount of the
funding pales in comparison to the value of the strategic
importance of its source to the Company," said Mathew Zuckerman,
CEO of Nano Chemical Systems Holdings, Inc. Mathew Zuckerman, CEO,
continued: "Nano Chemical's new products draw from and are the
nexus of a number of technologies and services that exist in the
office, laboratories and plants of Pangea. We anticipate that this
financing is the first step of many win-wins for both companies
that in the process will add value to Nano Chemical." John Stanton,
Chairman and CEO of Pangea Ultima Corporation commented: "We are
impressed with Nano Chemical's, management, Nanotechnology and
especially their in-house capability for embodiment of Intellectual
Property (IP) into commercially sellable products in a
manufacturing facility that has proven it can be cost-competitive
against domestic and foreign competition." About Nano Chemical
Systems Holdings, Inc. Nano Chemical Systems Holdings, Inc.
operates two wholly owned subsidiaries, SeaSpray Aerosol, Inc.
which produces aerosol and liquid filled products for its own
product line and private labeling for various customers and Nano
Chemical Systems Inc., which is engaged in nanotechnology research
and development to enhance its own application specific product
line for targeted market applications. SeaSpray Aerosol has a
36,000 square foot manufacturing facility. Forward Looking
Statements Certain statements in this release and other written or
oral statements made by or on behalf of the Company are "forward
looking statements" within the meaning of the federal securities
laws. Statements regarding future events and developments and our
future performance, as well as management's expectations, beliefs,
plans, estimates or projections relating to the future are
forward-looking statements within the meaning of these laws. The
forward looking statements are subject to a number of risks and
uncertainties including market acceptance of the Company's services
and projects and the Company's continued access to capital and
other risks and uncertainties outlined in its filings with the
Securities and Exchange Commission, which are incorporated herein
by reference. The actual results the Company achieves may differ
materially from any forward-looking statements due to such risks
and uncertainties. These statements are based on our current
expectations and speak only as of the date of such statements.
INVESTOR CONTACT: Redwood Consultants, LLC, 415-884-0348
DATASOURCE: Nano Chemical Systems Holdings, Inc. CONTACT: Redwood
Consultants, LLC, +1-415-884-0348, for Nano Chemical Systems
Holdings, Inc.
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