updated 5/10/2011 9:48:06 AM ET 2011-05-10T13:48:06

ROCHESTER, N.Y., May 10, 2011 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N) announced today that it has agreed to supply its proprietary Halloysite Natural Tubes (HNT) to Fiabila S.A. for use in nail polish products in European markets. This expands a current arrangement that enabled Fiabila to introduce the HNT containing products in the USA in 2010.

NaturalNano's Acting CEO & President James Wemett said, "NaturalNano is very pleased to have received our largest commercial order ever of HNT from Fiabila. We are very gratified that after the positive results achieved for the nail polish products in the USA, Fiabila has decided they will introduce a similar range of nail polish products for their European customers. We believe they will be as successful in Europe as in the USA where their products containing our HNT component are sold in the country's largest retailers like Target, Wal-Mart, CVS and Walgreen's. We regard this new initiative from Fiabila as evidence of the value proposition our product offers and the opportunity for continued growth of our on-going commercial relationship with them."

Fiabila is a global leader in the manufacturing of private label nail polish products in the USA and Europe. A number of the Fiabila nail polish products sold in the USA currently incorporate HNT in their formulations. Fiabila plans to introduce similar product offerings in Europe. NaturalNano's HNT are environmentally friendly, natural components for a range of cosmetic products. Fiabila CEO Pierre Miasnik said in an announcement: "This Company (Fiabila) enjoyed very strong growth in 2010 and I expect even stronger growth in 2011 and we are expanding our operations worldwide to meet that demand. We, of course, invested in new equipment for mixing and tinting, the goal being to double the number of batches produced." 

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
         info@naturalnano.com
         NaturalNano, Inc.
         585-267-4848
         
         Gabriel Rodriguez
         E Relations Group, Inc.
         623-255-5750

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

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 4.97%
$30K home equity loan FICO 5.23%
$75K home equity loan FICO 4.67%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.28%
13.21%
Cash Back Cards 17.74%
17.70%
Rewards Cards 17.01%
16.96%
Source: Bankrate.com