Dallas, Texas (December 9, 2011) – StockGuru Shines its Spotlight on American Nano Silicon Technologies Inc. (OTCBB: ANNO). The Company is a leading manufacturer of consumer and industrial chemical products in China, announced today that it has successfully relocated to its new facility in Nanchong. It closed on December 8, 2011, at $0.09, trading in a fifty-two week range of $1.89 – 0.05.
In addition to housing existing equipment and machinery from its previous facility, ANNO’s latest facility also contains new equipment that enables the Company to increase its production capacity as well as manufacture its new flame retardant additive, which is a proprietary aluminum hydroxide based powder that can be used as filler in polymer applications such as rubber, epoxies, polyester resin and polyvinyl chloride resin.
“With our relocation complete, our main priority is launching our flame retardant additive product line,” said Mr. Pu Fachun, Chief Executive Officer of ANNO. “In response to the Beijing Television Cultural Center fire of February 2009 and the Shanghai high-rise apartment building fire of November 2010, China’s government called for flame retardant additives to be required in all commercial and residential high-rise construction projects. By developing our flame retardant additive alongside Dr. Wang Yuzhong, Professor of Polymer Science and Engineering at Sichuan University and the Honorary President of China’s Flame Retardant Society, we are confident that our product will be well accepted by the market.”
Additionally, ANNO is actively negotiating with raw materials suppliers to secure beneficial terms and long-term cooperation agreements to facilitate production at its new site. The Company expects to begin manufacturing its flame retardant additive product in January 2012.
About American Nano Silicon Technologies Inc.
American Nano Silicon Technologies, Inc. through its 100%-owned subsidiary, Nanchong Chunfei Nano Silicon Technologies Co., Ltd., is engaged in the business of manufacturing and distributing Micro Nano Silicon based products. While the Company’s Micro Nano Silicon based products are currently focused on the concrete and non-phosphate detergent industries, Micro Nano Silicon™ is adaptable to and widely used in many consumer and industrial products, including paint, petrochemical, plastics, rubber, paper, ceramics and water treatment materials.
Safe Harbor Statement
This release may contain certain “forward-looking statements” relating to the business of American Nano Silicon and its subsidiary companies, which can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions. These forward-looking statements are based on assumptions about the Company’s future, including, but are not limited to, continued demand for the Company’s products, the Company’s ability to sustain growth for the balance of the year, and its ability to generally meet all of its objectives. Such forward-looking statements and the underlying assumptions involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, and concentration in a small number of customers, raw material costs, market acceptance, future capital requirements, and competition in general as well as other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in the Company’s filings with the SEC, in particular in Item 1A: “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended September 30, 2010. Except as required by law, the Company will not update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
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