Nano Chemical Systems Holdings, Inc. Announces Successful Testing of a New Product for Mold and Fungus Control
Mold and fungus are proven sources of the spores that are a major cause of illness in homes and offices. In the State of Texas over $1.3 billion of insurance claims were filed during 2003 for mold and fungus damages, well before the last two years record breaking hurricane seasons. Further, the infestation of mold and fungus has been the causative factor in numerous lawsuits filed against realtors and home sellers in the last few years. Over the next few weeks the company expects to complete the process to file a patent on this product.
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.