LAS VEGAS--(BUSINESS WIRE)--NanoSensors, Inc. (OTC:NNSR) (“NanoSensors” or the “Company”) is pleased to announce that it has entered into an LOI dated as of June 28, 2018 (the “Letter of Intent”) with a leading Technology company out of California. We are already finalizing the Definitive Agreement outlining the proposed terms and conditions pursuant to which both companies will effect a business combination that will result in a reverse takeover of NanoSensors, Inc. by the shareholders of the merger company (the “Proposed Transaction”). The Definitive Agreement is presently being finalized at arm’s length. Terrance Flowers, Chief Executive Officer of NanoSensors, Inc., will be submitting his resignation next week as the new executive team prepares to take over NanoSensors, Inc. At that time, we intend to introduce the seasoned leadership of the new company.
Flowers said, “I want to take this opportunity to thank everyone at NanoSensors, Inc. who have diligently worked on identifying and selecting the new merger candidate that will bring exponential growth and value. I want to also take this opportunity to thank our shareholders for your patience and continued support during this process. Your time is now.”
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 to identify a suitable business model for the corporation.