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Nano-Proprietary, Inc. Receives Unqualified Audit Opinion
AUSTIN, Texas, Mar 10, 2004 (PRIMEZONE via COMTEX) -- Nano-Proprietary, Inc.
(OTCBB: NNPP) today announced that its independent auditors, Sprouse & Anderson,
L.L.P., have issued an unqualified opinion on its financial statements for its
fiscal year ended December 31, 2003.
The previous year's audit opinion from Sprouse & Anderson, L.L.P. was a
qualified opinion that expressed doubt about the Company's ability to continue
as a going concern. The Company had received similar qualified opinions related
to its ability to continue as a going concern from its independent auditors for
each year from 1995 through 2002. The 2003 unqualified opinion and the related
financial statements are included in the Company's annual report on Form 10-KSB,
which was filed yesterday, March 9, 2004.
"We are pleased that our improved financial condition enabled our independent
auditors to remove their qualification related to potential uncertainty about
our ability to continue operations," said Marc Eller, CEO of Nano-Proprietary,
Inc. "We believe this unqualified opinion will be a significant positive as we
negotiate development and license agreements."
Nano-Proprietary, Inc. is a holding company consisting of two wholly owned
operating subsidiaries: Applied Nanotech Inc. is a premier research and
development organization dedicated to developing applications for nanotechnology
with an extremely strong position in the field of electron emission applications
from carbon film/nanotubes; and Electronic Billboard Technology, Inc. (EBT) is
geared toward licensing its electronic digitized sign technology.
Nano-Proprietary's website is www.nano-proprietary.com.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and
uncertainties concerning Nano-Proprietary's business, products and financial
results. Actual results may differ materially from the results predicted. More
information about potential risk factors that could affect our business,
products, and financial results is included in Nano-Proprietary's annual report
on Form 10-KSB for the fiscal year ended December 31, 2003, and in reports
subsequently filed by Nano-Proprietary with the Securities and Exchange
Commission("SEC"). All documents are available through the SEC's Electronic Data
Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from
Nano-Proprietary's web site listed below. Nano-Proprietary hereby disclaims any
obligation to publicly update the information provided above, including
forward-looking statements, to reflect subsequent events or circumstances.
SOURCE: Nano-Proprietary Inc.
By Staff
CONTACT: INVESTOR CONTACT:
Nano-Proprietary, Inc.
Doug Baker, Chief Financial Officer
248-391-0612
patti@blabbermouthpr.com
MEDIA CONTACT:
Patti D. Hill
Blabbermouth Public Relations
512-528-0201
dbaker@ameritech.net
(C) 2004 PRIMEZONE, All rights reserved.
SUBJECT CODE: NANOTECHNOLOGY
ELECTRONICS
Earnings Releases and Operating Results
wie ist das nun zu interpretieren.
Unqualifizierter Prunfungsbericht? Und die Aktie steigt!
Wie ist das zu verstehen? Habe ich was überlesen?
