Chicago, IL (PRWEB) August 13, 2012
141 Capital, Inc. (PinkSheets:ONCP) ("141 Capital" or the "Company"), announced today the release of its financial statements for the six month period ending June 30, 2012. The financial statements are accompanied by management’s discussion of the statements, together with the new direction of the company following its licensing of the North American sales rights to certain nanotechnology for protective crop coating from Nanoseeds Technology, Inc., a Nevada company and the developer and manufacturer of the licensed nanotechnology. Nanoseeds’ patent-pending technology is shown to significantly improve seed germination, plant development and produce quality while protecting seeds from adverse conditions and enhancing crop yield - a move that management believes is ripe in potential given the current extreme drought enveloping North America and the ever-growing global need for increased crop yield and quality.
Management released the financial statements as-is, unaudited for the first two quarters of 2012, noting this time as a reorganization period following the cessation of its development of the company’s TradeTablet technology after the state of the economy adversely affected the company’s ability to raise capital in a time period crucial to the technology’s development, coupled with the relative size and resources of competitors - developing similar trading platforms - combined to prove the continuation of the development program infeasible. The company also announced that any and all disclosure information will also be made available on the company’s new website, currently in development, and that further announcements of the company’s ongoing developments will be forthcoming.
Management intends to subscribe to OTC Markets’ News and Financial Disclosure service to further enhance public disclosure and investor visibility, and to serve as a platform for further dissemination of business developments in the exciting field of nanotechnology in agriculture. Company’s counsel is currently preparing the requisite initial disclosure document to satisfy OTC Markets’ “OTC Pink Current” categorization. Additionally, management intends to see the company’s financials independently audited with the end goal of an uplisting on OTC Markets (otcmarkets.com) as a means to enhance shareholder liquidity, visibility, and public awareness of the company and its nanoseeds technology brands. Over the coming months, the company will unroll its new business plan, together with actions to affirmatively affect shareholder value including reducing balance sheet debt while reducing the shares of common stock of the company issued and outstanding without effecting a reverse split. The company will also announce corporate actions including officer / director changes, ongoing nano seeds technology test results (in addition to those soon to be posted on the company’s website), and collaborations, and sales of the protective seed nano coating technology as the company continues to build human resources, assist in refining, marketing, branding and manufacturing the nanotechnology it licensed, and generate revenues in the growing $9 billion U.S., and $21 billion global seed industry
About 141 Capital, Inc.
141 Capital, Inc. is a publicly traded company The company’s primary operations involve the licensed sale of the nanoseeds protective crop coating technology, licensed from Nanoseeds Technology Inc., throughout the U.S. Management’s decades of commodities trading experience and the development of its proprietary TradeTablet commodity trading platform led to the company’s introduction to Nanoseeds Technology, Inc. The company licensed the rights to market and sell the Nanoseeds Technology to tap the potential of the $9 billion American seed industry.
About Nanoseeds Technology Inc.
Nanoseeds is a Nevada based company with a proprietary biologically active nanochip seed coating technology that improves seed germination, plant development, produce quality, protects seeds against adverse conditions and can significantly increase crop yield. The Company's mission is to improve crop production and quality and to help alleviate the growing concern of global food shortages. While demand for agricultural commodities continues to rise due to increasing global population growth, economic growth in emerging markets and biofuel policies implemented by governments across the globe, supply is becoming more stagnant. Due to the limited amount of available arable land, the increased demand for agricultural crops, food and other agricultural products will need to be met by increasing yields. To date, testing of the Nanoseeds technology has shown significant improvements in a wide variety of crops such as a 26% increase in soybean yields, a 52% increase in rice yields, a 65% increase in mung yields and a 148% increase in wheat yields. The Nanoseeds technology is easily adapted to current methodologies for seed preparation and planting and requires virtually no modifications to existing industry procedures or standard equipment.
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of 141 Capital Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. 141 Capital Inc. does not assume any obligation to update the forward-looking information contained in this press release.