AUSTIN, Texas, Nov. 04, 2003 (PRIMEZONE) - Nano-Proprietary, Inc. (OTCBB:NNPP), today announced that it filed a registration statement to register 935,294 shares issued in its recent private placement of its common stock.
A total of 13,948,867 shares are included on this registration statement, including 13,013,573 shares that were previously registered on its most recent registration statement dated July 31, 2003. The vast majority of these shares were registered in 2001 and 2002 and have been eligible for sale since the date of initial registration. Approximately 2,760,000 shares registered as of July 31, 2003 are no longer included on the most recent registration. The registration obligation expired on approximately 2,430,000 of these shares, but the shares remain outstanding. The remaining approximately 330,000 shares were sold between July 31, 2003 and the date of the most recent filing.
"We do not believe that the registration of these 935,294 new shares will have any significant effect on the shares available for sale," said Marc Eller, CEO of Nano-Proprietary, Inc. "The participants in our private placements tend to be committed long-term shareholders, as evidenced by the relatively small number of registered shares sold since the July 31, 2003 registration, despite the substantial increase in our stock price since that date."
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results is included in Nano-Proprietary's annual report on Form 10-KSB for the fiscal year ended December 31, 2002, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Nano-Proprietary's web site listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
ABOUT NANO-PROPRIETARY, INC.
Nano-Proprietary, Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech Inc. is a premier research and development organization dedicated to developing applications for nanotechnology with an extremely strong position in the field of electron emission applications from carbon film/nanotubes. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. Nano-Proprietary's website is www.nano-proprietary.com.