NaturalNano, Inc. (OTC
Bulletin Board: NNAN)(FWB: N3N) Acting CEO and President James Wemett announced
today that he has recently completed a review of the NaturalNano business including
the core technology, patent portfolio, current and potential customers. Mr.
Wemett has confirmed both the technical and commercial viability of NaturalNano's
additive technologies and processes, including its proprietary Pleximer(TM)
polymer additive. The extensive review was conducted through a series of meetings
and conferences with the Company's technical team, key customers, suppliers
and potential strategic partners.
Mr. Wemett said that "I am encouraged by this bottom up review and am
particularly encouraged by the response from the customer base. NaturalNano
is actively engaged with its commercial partners on a number of feasibility
studies and are in discussions on strategic longer term relationships. We continue
to fulfill existing contractual obligations while we aggressively seek additional
financially attractive opportunities to commercialize our proprietary technology.
As we go forward, I will be informing our investors, and the financial community
at large, of these exciting plans as well as the continued strengthening of
the new management team."