Posted: October 23, 2007

Nano Chemical Systems Announces New Strategic Direction

(Nanowerk News) Nano Chemical Systems Holdings, Inc. (Pink Sheets:NCSH), (“Nanochem” or “The Company”) announces that it has reached an agreement with Dr. Mathew Zuckerman for the return of common stock in exchange for the release of any rights to certain patents that Dr. Zuckerman may have assigned or developed with The Company. The Company is now aggressively pursuing a new strategic direction which will be based on an acquisition strategy that will create tremendous shareholder value.
“We wish Dr. Zuckerman well as he pursues other opportunities,” stated Alex H. Edwards III, Nanochem’s CEO. “This is the final positioning that needed to take place in order to achieve our acquisition strategy that will be the basis for our new strategic direction.”
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.
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Source: Nano Chemical Systems Holdings
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