Nano Chemical Announces Strategic Plan for Utilization of Production Capacity and Personnel
James Ray, the company's President stated that, "In the foreseeable future, we believe nanotechnology will not be dominated by futuristic disease killing nano-robots or memory chips operating at cryogenic temperatures, but rather by products, which respond to a broad base of consumer needs. We believe that a variety of such products may be within the Company's capacity to design and produce. Accordingly, although we will continue to service our present customer base, the Company will no longer try to compete with low cost producers that seek to obtain outsourced manufacturing contracts. Instead, we will emphasize the design, production and marketing products that use titanium dioxide (Ti02) to block ultra-violet lightwaves."
Nano Chemical Systems Holdings, Inc. is a newly activated entity which is in the process of developing the uses of Nanotechnology products applying Ti02 to block ultra violet rays and which can be delivered in an aerosol container. The company has recently acquired a subsidiary that leases a 36,000 square foot manufacturing facility that contains, offices, a laboratory and manufacturing capacity to support the manufacture of substantial quantities of aerosol-based products.
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. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.