NANOSENSORS, INC (OTC: NNSR) ANNOUNCES EXECUTION OF DEFINITIVE
AGREEMENT TO MERGE WITH PRIVATELY-HELD PERSPECTIVE TECHNOLOGIES,
LLC
Once- Dormant Public Company Continues its Reorganization
Efforts with Agreement to Merge with Dynamic Cannabis Company
LAS VEGAS, NV -- April 20, 2017 -- InvestorsHub NewsWire --
Publicly-held Nanosensors, Inc. announced today that it has entered
into a definitive Agreement and Plan of Merger with Perspective
Technologies, LLC, whereby Perspective Technologies would become a
wholly-owned subsidiary of the company. The Alternative Public
Offering, or APO transaction was previously announced on April 4th,
2017. Upon the anticipated closing of the reverse merger, the newly
combined company will seek to change its name to Perspective
Technologies as well as its ticker symbol to better reflect the
companys new, cannabis and technology related business model.
The consummation of a definitive agreement to merge represents
another significant step in recapturing value for our stockholders,
stated Terrance Flowers, Nanosensors Interim Chief Executive
Officer. Management believes that the Alternative Public Offering
transaction will offer Perspective Technologies greater visibility
within the marketplace and greater access to much-needed growth
capital, he continued. Over the coming weeks, our singular focus
will be taking the necessary steps to close the contemplated
transaction.
According to the definitive Agreement and Plan of Merger,
Nanosensors and Perspective Technologies have sixty days to close
the reverse merger transaction. The closing of the transaction is
subject to, among other customary conditions, Nanosensors making
required statutory and other periodic filings with OTC Markets
Group. The Closing of the merger is also subject to approval of
both the stockholders of Nanosensors and members of Perspective
Technologies.
A copy of the Agreement and Plan of Merger 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 companys
ability identify a suitable business model for the corporation.
Contact:
Terrance Flowers
Interim Chief Executive Officer
terrance@perspectivetechinc.com