NANOSENSORS, INC ANNOUNCES STOCKHOLDER UPDATE (OTC PINK: NNSR)
May 23 2017 - 9:30AM
InvestorsHub NewsWire
Company Management Provides Update Regarding Status
of Planned Merger
LAS VEGAS, NV -- May 23, 2017 -- InvestorsHub NewsWire --
NanoSensors, Inc. announced today that it will be holding a Special
Meeting of Stockholders on May 26, 2017. The meeting, required by
the Nevada Corporations Code, is the final action to be taken by
the Court-Appointed Custodian. The Court-Appointed Custodian has
informed company management that it will seek leave of the Nevada
District Court to terminate the custodianship as soon as possible
following the Special Meeting.
Terrance Flowers, the Companys Chief Executive Officer, stated
We are looking forward to the termination of the court-appointed
custodianship. The action represents a necessary milestone in the
process of consummating the planned reverse merger with Perspective
Technologies. The company first announced its entry into a
definitive agreement to merge with Perspective Technologies on
April 20, 2017.
The completion of the court-appointed custodianship should also
facilitate our ability to seek a name and symbol change for
Nanosensors through the Financial Industry Regulatory Authority
(FINRA), Mr. Flowers added. In addition, the Company further
disclosed that it will not be seeking a complete a reverse stock
split of its common stock. As previously announced, the definitive
merger agreement provides that the merger with Perspective
Technologies must occur by June 19, 2017.
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
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