ZANN Corp (OTCBB:ZNNC) announced today that the Company has chosen a source for funding to provide $5,000,000 for the purpose of increasing production capacity of its AutoFast(R) tools and rivet magazines. According to Robert C. Simpson, Zann Corp CEO, "We have found a source of capital that understands our need to grow the business and create shareholder value over the long term. When implemented, the funding will allow us to build the packaging machines and other related components necessary to increase production capacity and stay ahead of the purchase orders entering our system. The interest in our semi-automatic riveting tools and magazines is very high and the funding will help us meet the demand for our products." Simpson continued, "The funding and expected revenues will also help us get aggressive with the short sellers whom we believe have plagued us for years." 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 (CE) (USOTC:ZNNC)
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