ROCHESTER, N.Y., May 24, 2011 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (OTCBB:NNAN) (), announced the election of Alex Ruckdäschel to NaturalNano's Board of Directors. His extensive background in the investment sector will benefit NaturalNano.
NaturalNano's Acting CEO & President James Wemett said, "Mr. Ruckdäschel's extensive expertise in business and capital markets will benefit NaturalNano." Wemett continued, "His involvement in one of the leading investment arms in nano technology, Nanostart, will bring market knowledge and many contacts to NaturalNano."
Mr. Alex Ruckdäschel stated, "I look forward to bringing my talent to NaturalNano and their patented technology. My many years of experience and relationships will benefit their commercialization of their Halloysite."
Mr. Alex Ruckdäschel
Alexander Ruckdäschel has many years extensive experience in international business and investment sector. He is a venture capitalist and also serves on the Board of Directors for several small cap companies. Alexander Ruckdäschel is a co-founder of Blue Rock-AG, a Swiss-based investment manager. Since 2003, Ruckdäschel has also served as an investment advisor to Nanostart AG. Founded in 2003, Nanostart quickly became the leading European venture investment firm in the area of nanotechnology.
NaturalNano, Inc. (OTCBB:NNAN) is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including their proprietary Pleximer that adds value to industrial polymers, plastics and composites. NaturalNano holds and licenses 24 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite. 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 firstname.lastname@example.org NaturalNano, Inc. 585-267-4848 Gabriel Rodriguez E Relations Group, Inc. 623-255-5750