SOURCE: Healthnostics, Inc.

May 23, 2011 09:20 ET

Healthnostics Announces Elimination of Debt

NEW YORK, NY--(Marketwire - May 23, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) paid $280,994 to eliminate notes payable, leaving a balance of $51,463 which will be retired in the coming months. These transactions significantly strengthen the Company by removing all long-term debt from the balance sheet.

Management is confident that the Company can fund ongoing and future operations without reliance upon debt. It is a financial strategy that provides stability, reduces risk, and eliminates interest expenses.

About Healthnostics

Healthnostics, Inc. is a medical products manufacturer, system manufacturer, product distribution, and consulting company. Healthnostics' subsidiary, Worldwide Wipes Co., is a major manufacturer and distributor of medical and general swabs.

For further information please visit Healthnostics www.healthnostics.com, and Worldwide Wipes Co. www.wipesco.com.

And visit us on Facebook at www.facebook.com/Healthnostics.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

Contact Information

  • Contact:
    Healthnostics, Inc.
    Investor Relations
    P. 301-956-3342
    Email Contact