Contact Information: Contacts: Investor Relations Andrew Barwicki 516.662.9461 Website: www.nanologix.net
Bret Barnhizer and Dana Allen Elected to NanoLogix Board of Directors
| Source: NanoLogix
SHARON, PA -- (MARKET WIRE) -- February 27, 2007 -- NanoLogix, Inc. (PINKSHEETS : NNLX ) announces the
election of Bret Barnhizer and Dana Allen to its Board of Directors. Mr.
Barnhizer will serve as Director-At-Large with Mr. Allen serving as Vice
President of Strategic Partnering. The addition of Mr. Barnhizer and Mr.
Allen expands the number of directors on the NanoLogix board to five.
Bret Barnhizer
For more than 25 years, Bret Barnhizer has provided engineering, operations
management, and project management services to Chevron, BP, Unocal,
Occidental Petroleum, and others in the U.S., Europe, Africa, and Asia. Mr.
Barnhizer has managed and been involved in projects of varied scope,
ranging from 40 million to over 500 million dollars in value.
Dana Allen
Dana Allen has 26 years of business experience in numerous industries and
sectors; Mr. Allen was the Founder, Chairman and CEO of Sequoia Data Corp.
(1987-1996); Vice President then later Chairman, CEO and President of
TMSSequoia (a public co.) (1996-1999) where he was granted 8 patents for
various inventions; Co-Founder and Chairman of NewsMax (1998-2000),
President of American Investigator Television (2000-2001). Mr. Allen is
currently President of Sequoian Technologies, an invention creation and
marketing firm whose primary business is to market patents by Mr. Allen and
others in a broad range. The first patents to be filed relate to reducing
emissions approximately 90% in 2-Stroke engines and a new 4 Stroke Engine
Cycle method that will improve fuel economy.
"We are extremely pleased to welcome Bret and Dana to the NanoLogix Board
of Directors," said CEO Mitchell Felder, M.D. "I anticipate that their
individual professional experience, business acumen and personal integrity
will enable them to contribute meaningfully to the further formation of our
strategy and to serve NanoLogix shareholders well."
"I am excited to join the Nanologix team," said Director, Dana Allen. "It
is the most technology rich company of its size I have ever seen. The
Board is focusing on commercializing the company's valuable patents and
technologies. We see the opportunity for these technologies having
profound positive effects for the world in addition to their commercial
value."
About NanoLogix, Inc.:
NanoLogix is an industry innovator in the research, development and
commercialization of nano-biotechnologies, applications and processes. The
Company owns or has the rights to 32 patented technologies. The Company is
currently focused on the production of hydrogen from agricultural
feedstock, industrial wastewater and municipal waste streams to create new
sources of energy. NanoLogix is presently operating a hydrogen bioreactor
at Welch's Food and has recently signed an agreement with the City of Erie
Wastewater Treatment Plant for a prototype bioreactor installation.
Additionally, NanoLogix develops and markets diagnostic test kits for use
in early detection of infectious human diseases such as cancer, cystic
fibrosis and AIDS, and owns a patent for the non-toxic induction of
apoptosis ('cell suicide') for the treatment of cancer. For more
information on the Company, visit http://www.nanologix.net.
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.