ZANN Corp Announces Shipment of AutoFast(R) Products
08 Julio 2005 - 9:55AM
Business Wire
ZANN Corp (OTCBB:ZNNC) announced today that the Company has started
shipping of AutoFast(R) products. Today, Zann Corp. shipped 250,000
rivets packaged for a customer in Germany. This shipment represents
a small portion of a large customer base in Europe that we are in
the process of revitalizing. According to Robert C. Simpson, CEO,
"We have shipped half of our 500,000 unit purchase order this week.
The new rivet magazines were completed in our Tampa, Florida
facility. We are bringing our first three of 27 packaging machines
online. Each machine is qualified for process capability
requirements prior to certification. We expect orders to be
processed for more than 400 semi automatic riveting tools at $1495
per tool during the balance of 2005. A typical tool should require
more than $100 worth of rivet magazines per day." ABOUT ZANN CORP
ZANN Corp. has three primary business units; semi automatic
riveting systems, biotechnology and nutritional supplements. These
are all scalable technologies with the potential to supply a
diverse range of high quality, high value products and services for
niche markets. For additional information please visit the
corporate website at: www.zanncorp.com Certain statements in this
news release may contain forward-looking information within the
meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934 and are subject to the
safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements.
Zann (PK) (USOTC:ZNNC)
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