SOURCE: Healthnostics

March 23, 2011 09:20 ET

Healthnostics Grants Joint Venture Options

NEW YORK, NY--(Marketwire - March 23, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) issued U.S. News Company a six month option to purchase 10 million shares of Healthnostics, Inc. common stock at $.015 per share and a one-year option to purchase an additional 10 million shares at $.03 per share. Upon purchase, these shares will be restricted for one year. Meanwhile, U.S. News is free to make open market purchases.

These options were granted in conjunction with the Healthnostics-U.S. News joint venture previously announced.

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, and Worldwide Wipes Co.

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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