LAS VEGAS--(BUSINESS WIRE)--NanoSensors, Inc. announced today that it has reinstated its corporate charter with the State of Nevada. The Company, currently subject to a court-appointed custodianship, also named Terrance Flowers as its Interim Chief Executive Officer and Director. In accordance with the Nevada Corporations Code, NanoSensors will seek to call a Special Meeting of Stockholders within sixty (60) days.
Mr. Flowers stated, “I am hopeful that the stockholders of the Company will view the reinstated charter as an important first step for NanoSensors to again become a viable public issue.” He continued, “while the court-appointed custodian completes its obligation to the Courts, I will be evaluating potential business models for the Company going forward.” As of the date of this release, management has not entered into any material negotiations with respect to a prospective business combination.
As part of the ongoing restructuring of the Company, management will seek to begin publishing “current public information” with OTC Markets in order to move to the “Pink Current Information” tier. “Our objective is to not only create value for our stockholders, but to be transparent in the process of doing so,” Mr. Flowers added. NanoSensors will seek to consummate any prospective business combination transaction and to begin publishing information with OTC Markets as soon as practicable.
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.