NanoSensors, Inc. (OTC: NNSR) Announces Letter of Intent to Merge with Privately Held Perspective Technologies, LLC

Emerging Technology Company Seeks to Become Publicly Traded

LAS VEGAS--()--Privately held Perspective Technologies, LLC, announced today that it has entered into a letter of intent to merge with NanoSensors, Inc., as part of an alternative public offering or “APO” transaction. Subject to regulatory approval and the fulfillment of contractual obligations, if successful, the merged company will be named “Perspective Technologies” and is expected to trade on the OTC Pink Marketplace under a ticker symbol to be determined at a later date. Upon successful completion of the transaction, NanoSensors interim Chief Executive Officer Terrance Flowers, who is also the Managing Member of Perspective Technologies, will have the “interim” tag removed and also be named the Director of the combined company.

According to the Letter of Intent, the parties have sixty (60) days to complete the contemplated merger. Perspective Technologies must, according to the Letter of Intent, work with NanoSensors, Inc. to provide “current public information” through the OTC Pink Marketplace and obtain the necessary regulatory approvals for the merger. The Letter of Intent further directs that 500,000,000 shares of NanoSensors’ common stock be issued to the Members of Perspective Technologies as an inducement to complete the contemplated merger, which the Members of Perspective Technologies have previously announced will be returned to the company’s treasury after the closing of the merger.

Mr. Flowers remarked, “This Letter of Intent marks a significant step in the process of revitalizing NanoSensors as a public company. We will be focusing all of our efforts over the next 60 days on meeting our obligations to close this transaction,” he added. The closing of the merger is subject to the negotiation of a definitive merger agreement, customary closing conditions, regulatory approval as well as shareholder approval from both companies.

A copy of the Letter of Intent will be posted on Perspective Technologies’ website, found at http://www.perspectivetechinc.com.

Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although NanoSensors, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, NanoSensors, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.

Contacts

NanoSensors, Inc.
Terrance Flowers
Interim Chief Executive Officer
terrance@perspectivetechinc.com

Contacts

NanoSensors, Inc.
Terrance Flowers
Interim Chief Executive Officer
terrance@perspectivetechinc.com