Fiabila Extends Commitment for NaturalNano's Halloysite Natural Tube Technology(TM) for Use in Nail Polish Products
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ROCHESTER, N.Y., May 20, 2010 - NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N) announced today that Fiabila S.A., a world leader in the manufacture of private label nail polish products, has extended its commitment to utilize NaturalNano's Halloysite Natural Tube (HNT) and placed a second order this year. NaturalNano's HNT are environmentally friendly components that are incorporated into a range of the Fiabila produced nail polish products.
NaturalNano's Acting CEO & President James Wemett said, "NaturalNano is very pleased with the commercial success shown to date in the Fiabila nail polish products that utilize our HNT. The current order is the result of the successful commercial results from the range of Fiabila made products currently being sold at the largest retailers, including Target, Wal-Mart, CVS and Walgreen's."
Wemett continued, "NaturalNano's relationship with Fiabila continues to represent an excellent long term revenue opportunity for us that utilize our HNT(TM) to provide nail polishes with increased durability and performance." NaturalNano has a three year exclusive supply agreement and license with Fiabila for the use of HNT as a component in nail polish and nail-care products.
About NaturalNano, Inc.
NaturalNano, Inc. (Pink Sheets: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 their proprietary Pleximer that adds value to industrial polymers, plastics and composites. NaturalNano holds and licenses 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite. www.naturalnano.com
CONTACT:
NaturalNano, Inc.
Jim Wemett
585-267-4848
info@naturalnano.com
