ZANN Corp. Business Update
25 Agosto 2005 - 2:47PM
Business Wire
ZANN Corp. (OTC BB:ZNNC) is increasing production capacity and
implementing a process to provide investors with information
designed to help them understand the primary business activities of
the company. The ZANN Corp website will have a new section
"Business Updates" which will be updated as often as new
information becomes available. According to Robert C Simpson, CEO,
"We are pleased to report the company is now capitalizing on
research and development of our AutoFast(R) products and believe
that our shareholders are interested in concise information that
helps them understand the corporation's direction. Due to our
concentration on operations, we are now capable of producing
$9,500,000 in AutoFast(R) products per year. We have 10 new
machines in the 2005 build program that will increase production
capacity to meet projected orders. Invoices for August are
estimated at about $95,000 and we have capital commitments for
September that will enable building of 4 Gen III packaging machines
plus support equipment. We expect to raise the capital for he next
six machines during the 4th quarter." ABOUT ZANN CORP ZANN Corp.
Our primary business is the manufacture and sale high quality, high
value semi automatic riveting tools and magazines. 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.
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