SOURCE: Healthnostics, Inc..

August 03, 2011 12:12 ET

Healthnostics Provides Tender Offer Update

NEW YORK, NY--(Marketwire - Aug 3, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) updated the tender offer to purchase a minimum of 51 percent of the Company's outstanding shares for $.01 per share. To date, agreements to tender 20,358,968 shares have been received and invalid offers to tender another 31,627,700 shares under terms at variance with those presented in the Term Sheet have also been received. The final tally will be released following the August 12 deadline.

The Term Sheet is posted on the Company website at www.healthnostics.com.

"The acquiring company is not affiliated with Healthnostics, Inc., its officers or directors or their agents. The acquiring company is obligated to purchase these shares if a minimum of 51 percent of the outstanding shares are tendered, but may, at its discretion, purchase these shares if less than 51 percent of the outstanding shares are tendered."

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