HAUPPAUGE, N.Y., July 6 /PRNewswire-FirstCall/ -- Applied Nanoscience Inc.(OTC:APNN) today announced that it had entered into an agreement to settle the lawsuit that was filed in the United States District Court, District of Kansas, on July 27, 2006 by NanoScale Corporation. The terms of the settlement agreement have not been disclosed at this time. Safe Harbor Statement This release may contain statements that are forward looking. Such statements are made based upon current expectations that are subject to risk and uncertainty. Applied Nanoscience does not undertake to update forward- looking statements in this news release to reflect actual results of and changes in assumptions or changes in other factors affecting such forward- looking information. The actual future results of the company could differ significantly from such forward-looking statements. Contact: Philippe Niemetz: 800-477-7570, or 212-344-6464 Investor Relations- PAN Consultants Ltd. DATASOURCE: Applied Nanoscience Inc. CONTACT: Philippe Niemetz, Investor Relations-PAN Consultants Ltd., for Applied Nanoscience, Inc., +1-800-477-7570, or +1-212-344-6464, or

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