AVENTURA, Fla., Aug. 28, 2014 /PRNewswire/ -- Technology
Applications International Corporation (the "Company" or "NUUU")
(OTC BB: NUUU) has announced it has reached agreements with three
shareholders, including the current CEO of the Company, to
exchange, or buy back and retire a total of 68,666,119 shares of
common stock, which represents 57.86% of the total outstanding
shares of the Company. As a result, the Company will have a
total of 50,000,000 shares issued and outstanding.
Charles J. Scimeca, NUUU's CEO
stated, "Our management team has determined that the purchase and
retirement of these shares is an integral step towards
accomplishing the larger goals of our company. We recognize the
value of this action to the company as it positions us for future
growth and further expansion while maintaining value for our
shareholders."
About Technology Applications Corporation
NUUU has two wholly-owned subsidiaries, Renuell Int'l, Inc. and
NueEarth, Inc.
NUUU's Renuell Int'l, Inc. is launching its REJUVEL
brand of technologically advanced breakthrough anti-aging skin care
products that is made possible because of its exclusive license
with the National Aeronautics and Space Administration ("NASA"),
and the administrators of the Tulane Educational Fund under U.S.
patent no. 6,730,498. REJUVEL anti-aging products use
three-dimensional biomolecules created in a simulated microgravity,
in NASA developed bio-reactors, to create high quality skin care
products that promote the bodies own healing mechanisms. All
products are "Space Certified" and are recognized by the Space
Foundation as technology that has been developed in outer space.
The Space Foundation Seal will appear on all our products.
NUUU's NueEarth, Inc., subsidiary is engaged in
the development of environment solutions using electron particle
beam technology (E-Beam). The E-Beam works by using an electron
beam particle accelerator unit that creates high energy electrons
which produce free radicals in the waste water leading to
decomposition of organic compounds (pollutants). We plan to
develop various applications to use the E-Beam technology for
removal of pollutants from wastewater, drinking water, municipal
sludge and fracking liquids.
We will update our shareholders and the public on company
developments through additional press releases as events
warrant.
For more information about NUUU please visit the corporate
websites at: www.tapplic.com and www.rejuvel.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of success. This news release speaks
as of the date first set forth above and the Company assumes no
responsibility to update the information included herein for events
occurring after the date hereof.
Contact:
Technology Applications International Corporation (NUUU)
Charles J. Scimeca, (800)
670-0448
President and CEO
info@tapplic.com
www.rejuvel.com
Logo -
http://photos.prnewswire.com/prnh/20140825/139382
SOURCE Technology Applications International Corporation