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NanoSignal Corp. Announces Gary Walters as the New President and CEO.

LAS VEGAS -- NanoSignal Corp. (OTC:NNOS) announced today that Gary W. Walters, the super-preferred shareholder of NanoSignal, has been duly elected as the president and chief executive officer of the company by unanimous vote of the board of directors effective immediately.

Scott Ervin, the predecessor to Walters, will continue as a director of the company. Ervin, in response to the election of Walters, stated: "It is indeed a long time coming for Gary to become president and CEO of the company; he has always been the greatest supporter of the company and our technology. He is extremely knowledgeable in all aspects of the public company arena. In fact, Mr. Walters has over 30 years experience with the public sector companies having worked hand and hand with such household names as Ted Turner and John DeLorean."

"I am committed to making NanoSignal reach its full potential with its Slices(TM) technology. I am going to dedicate my energies in the marketing and sales of our existing Slices(TM) technology to retrofit the estimated 1,000 General Electric(TM) Tesla 1.5 MRIs in the marketplace, as well as focus our attention to completing Slices(TM) 'Diacom' compatibility to the Hitachi(TM) open-end MRI systems," said Walters. "Moreover, I intend to steward the company by expanding its interests into ventures involving the manufacturing of nano-metals and development of nano-technologies."

Sir Dr. Ruppert Perrin, chairman of the board of directors of NanoSignal Corp., stated, "Gary has always been the financial 'angel' behind NanoSignal. Now he will be the 'angel' that will guide the company to the forefront."

"NanoSignal is my one true love. I will do everything in my power and devote all my energies to growing the company to maximize shareholder value," said Walters.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 24, 2005
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