SOURCE: Healthostics, Inc.

August 15, 2011 09:19 ET

Healthnostics Releases Tender Offer Results

NEW YORK, NY--(Marketwire - Aug 15, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) released results of the tender offer to purchase a minimum of 51 percent of the Company's outstanding shares for $.01 per share. As of the August 12, 2011 deadline, agreements to tender 61,962,250 shares were received which represent 23.5 percent of the 263,833,333 of the most recently reported outstanding shares.

Management did not view this offer as adequate and accordingly did not recommend it. The holders of more than 75 percent of the stock concurred, and the tender offer has now expired.

This vote of confidence indicates that an overwhelming majority of stockholders share management's view of the company's value and potential.

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