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Posted: October 23, 2007
Nano Chemical Systems Announces Sale of SeaSpray Aerosol
(Nanowerk News) Nano Chemical Systems Holdings, Inc. (Pink Sheets:NCSH), (“Nanochem” or “The Company”) announces the completion of the sale of SeaSpray Aerosol one of the Company’s wholly owned subsidiaries. SeaSpray was sold in exchange for the forgiveness of $1,330,000 in debt.
“We wish the team at SeaSpray well as they pursue a new and focused business plan,” stated Alex H. Edwards III, Nanochem’s CEO. “This is the first in a number of positive steps which we are confident will drive tremendous shareholder value.”
As previously announced the Company has completed its relocation of its corporate offices from Seaford, Delaware to Tampa, Florida.
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.
For more information on Nano Chemical Systems Holdings visit: http://www.nanochemicalsystems.com