updated 4/19/2011 10:17:42 AM ET 2011-04-19T14:17:42

ROCHESTER, N.Y., April 19, 2011 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N) (www.naturalnano.com), announced today financial results for the fourth quarter of 2010. Sales revenue for the quarter and full year significantly increased revenues for the same periods in 2009. Annual sales revenue increased by 285% over 2009 and 4th Quarter results were up 1168% over the same period in 2009. Also, in 2010, $816,135 in liabilities were forgiven, making a positive impact on NaturalNano's balance sheet. 

Acting CEO and President James Wemett said, "NaturalNano is pleased to report the positive results for the 4th Quarter and for 2010 year end results. This growth in revenue comes from Combotexs, majority owned by NNAN. Combotexs markets melamine sponges and high quality Patient Safety Checklist Boards to hospitals and healthcare facilities (see  http://checklistboards.com/ ). Our Checklist Boards, which improve team dynamics and are highly visible in the operating room, give the healthcare professional staff a highly effective tool for error prevention. We anticipate continued growth in these products."  

Wemett also noted, "Year-to-date sales of our proprietary natural Halloysite Nanotubes (HNT) product for market-leading nail polish producer Fiabila has remained strong."

About Combotexs, LLC

Combotexs, LLC ( www.combotexs.com ), 51% owned by NaturalNano, markets a range of consumer and industrial products, including the Super Magic Eraser product manufactured by BASF. Combotexs also markets Patient Safety Checklists for Hospital Operating Rooms to help stop preventable errors. The Company is dedicated to building upon the pioneering work of NaturalNano and is looking for partnerships with companies that need materials solutions for their products, with a focus on bringing to market a variety of Nano-Enhanced products.

About NaturalNano, Inc.

NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N) is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including its proprietary Pleximer that adds value to industrial polymers, plastics and composites. NaturalNano holds and/or licenses 20 patents and applications relating to Halloysite, as well as proprietary know-how for its extraction and separation processes, compositions, and derivatives.  www.naturalnano.com

Cautionary Statement Regarding Forward-Looking Statements: Contains forward-looking statements regarding future events and future performance that involve risks and uncertainties that could materially affect actual results. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of NaturalNano's filings with the Securities and Exchange Commission. The most recent annual reports on Form 10-K and quarterly reports on Form 10-Q filed by NaturalNano provide information about these factors, which may be revised or supplemented in future reports to the SEC on those forms or on Form 8-K. We caution investors not to place undue reliance on forward-looking statements, and we do not undertake any obligation to update or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other such factors that affect the subject of these statements, except where expressly required by law.

CONTACT: Jim Wemett

         Gabriel Rodriguez
         E Relations Group, Inc.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com