141 Capital, Inc. (PinkSheets:ONCP) ("141 Capital" or the "Company") is pleased to announce the signing of a licensing agreement with Nanoseeds Technology Inc. ("Nanoseeds") for the manufacture and sale of the Nanoseeds protective crop coating technology in North America. In 2010 the total US seed industry was valued at over $8.5 billion.

To date, testing of the Nanoseeds technology has shown significant improvements in a wide variety of crops such as a 26% increase in soybean yields, a 52% increase in rice yields, a 65% increase in mung yields and a 148% increase in wheat yields. The Nanoseeds technology is easily adapted to current methodologies for seed preparation and planting and requires virtually no modifications to existing industry procedures or standard equipment.

Errol Stone, CEO of 141 Capital, stated, "We are very pleased to have the opportunity to work with Nanoseeds and are excited to move the Company in a new direction and begin to create shareholder value." The Agreement represents 141 Capital's transition to a company which has the potential to generate significant revenue in a sector that is growing rapidly. The application of nano technology to the agricultural and food industries was first addressed by a United States Department of Agriculture roadmap published in September 2003. Mr. Stone went on to state that "This is a very exciting technology which has the capability of transforming the entire food industry; changing the way food is produced, processed, packaged, transported, and consumed."

The intellectual property licensed by 141 Capital is derived from theoretical insights originated by Professor Oleg Figovsky. Prof. Figovsky is one of the most well-recognized and accomplished scientists and inventors in the nanotech field. He is the principal inventor of the Nanoseeds technology; founder and co-owner of the Polymate Ltd.-INRC; has over 40 years of experience in the field of special coatings, adhesives, sealants and corrosion protection; is currently the Expert of Technical Projects, Ministry of Industry & Trade, Israel; the President of IAI (Israel), a member of the European Academy of Sciences; Foreign Member of two Russian Academies of Sciences (REA & RAASN) and chairman of the UNESCO chair "Green Chemistry." Prof. Figovsky received gold and silver medals at the IENA-98 (Nurnberg, Germany) for several of his nanotechnology inventions and was the recipient of the Nano 50 award from NASA. Since 1999 he has been the editor-in-chief of the journal "Scientific Israel – Technological Advantages" and since 2004 has been the editor of the international journal "Alternative Energy & Ecology." In 2006 he received the Gold Angel Prize at the "Genious-2006" exhibition. Prof. Figovsky is an accomplished author of 17 books, more than 250 scientific articles, and more than 500 patents in his name.

About Nanoseeds Technology Inc.

Nanoseeds is a Nevada based company with a proprietary biologically active nanochip seed coating technology that improves seed germination, plant development, produce quality, protects seeds against adverse conditions and can significantly increase crop yield. The Company's mission is to improve crop production and quality and to help alleviate the growing concern of global food shortages. While demand for agricultural commodities continues to rise due to increasing global population growth, economic growth in emerging markets and biofuel policies implemented by governments across the globe, supply is becoming more stagnant. Due to the limited amount of available arable land, the increased demand for agricultural crops, food and other agricultural products will need to be met by increasing yields.

About 141 Capital, Inc.

141 Capital, Inc. is a publicly traded company based in Chicago. Its primary operations involve the manufacture and sale of the nanoseeds protective crop coating technology, licensed from Nanoseeds Technology Inc., in North America. Previously it was trading commodities for its own account but has since discontinued such operations.

This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of 141 Capital Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. 141 Capital Inc. does not assume any obligation to update the forward-looking information contained in this press release.

CONTACT: Investor Relations
         Errol Stone, Chief Executive Officer
         errsto@gmail.com
141 Capital (GM) (USOTC:ONCP)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024 Plus de graphiques de la Bourse 141 Capital (GM)
141 Capital (GM) (USOTC:ONCP)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024 Plus de graphiques de la Bourse 141 Capital (GM)