Holdings, Inc. (OTCBB: APNT) announced that it has a formed a special advisory
committee to the Board of Directors to assist in formulating and implementing
business development activities. This business development advisory committee
will be headed by Director Paul Rocheleau and will also include board member
Clint Everton and members of management. The committee intends to add other
qualified outsiders in the near future.
"We have a greater breadth of technology and more opportunities than at
any time in the history of the company," said Doug Baker, Chief Executive
Officer of APNT. "The most important thing that we can do now to take advantage
of those opportunities is to make sure that we focus our resources on bringing
in revenue to bring us to profitability."
"I look forward to helping the Company realize its full potential and
begin commercializing its technology," said Paul Rocheleau, Director of
APNT. "With a concentrated focus, I believe that we can accelerate the
revenue growth of the Company."
In addition, the Company announced that Director Rick Stark has resigned as
a Director of the Company due to constraints on his available time.
"On behalf of the entire board, I want to convey my deep appreciation
to Rick for his significant contribution to the Company over the last two years,"
said Dr. Robert Ronstadt, Chairman of APNT. "I also want to thank Paul
and Clint for stepping up to lead our business development initiative."
Applied Nanotech Holdings, Inc. is a premier research and commercialization
organization focused on solving problems at the molecular level. Its team of
PhD level scientists and engineers work with companies and other organizations
to solve technical impasses and create innovations that will create a competitive
advantage. The business model is to license patents and technology to partners
that will manufacture and distribute products using the technology. Applied
Nanotech has over 250 patents or patents pending. APNT also possesses investments
related to electronic digitized sign technology.