NanoLogix Inc. Provides Financial Update, Appoints Bert Pharis as New Director
April 08 2008 - 8:45AM
PR Newswire (US)
HUBBARD, Ohio, April 8, 2008 /PRNewswire-FirstCall/ -- NanoLogix,
Inc. (OTC Pink Sheets: NNLX) a nano-biotechnology company announces
publication of 2007 financial data and a director appointment.
NanoLogix has posted 2007 unaudited financials. 2007 expenditures
were reduced by 42% over 2006, while funding for 2007 Research and
Development was increased by 19%. The information can be accessed
at: http://www.nanologixinc.com/financials.html NanoLogix welcomes
Bert Pharis to the Board of Directors. Mr. Pharis was formerly
President and CEO of Sygnet Wireless, a Cellular Telephone Company
in Northeastern Ohio and Western Pennsylvania, from the
mid-Eighties until Sygnet's 1998 sale to Dobson Communications. Mr.
Pharis then served as a Director of Dobson Communications, sitting
on both the Audit and Compensation Committees, through the 2007
sale of Dobson to AT&T. He was President and CEO of Logix
Communications, a Competitive Local Exchange Carrier operating
primarily in Texas and Oklahoma, from 1999 through 2001. Following
that he spent two years as President and CEO of Ortheon Medical, a
Medical Device Company in Orlando, Florida. Bret Barnhizer, CEO of
NanoLogix stated, "Bert Pharis is a welcome addition to our new
Board of Directors, bringing extensive corporate business expertise
in addition to experience with the processes involved in obtaining
FDA approval for medical devices." About NanoLogix, Inc. NanoLogix
is a leading innovator in the research, development, and
commercialization of nano-biotechnologies, applications and
processes. The Company has 31 granted Patents and multiple Patents
Pending for bioreactor- based Hydrogen Production, revolutionary
rapid medical testing technologies, and bioremediation. Information
on NanoLogix is available at http://www.nanologixinc.com/ . This
press release contains statements, which may constitute "forward-
looking statements" within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of NanoLogix, Inc., and members of its management as
well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future
operating results. Contact: Investor Relations Bret Barnhizer, CEO
Telephone: 330-534-0800 E-mail: DATASOURCE: NanoLogix, Inc.
CONTACT: Investors, Bret Barnhizer, CEO of NanoLogix, Inc.,
+1-330-534-0800, Web site: http://www.nanologixinc.com/
http://www.nanologixinc.com/financials.html
Copyright