Nanoscience calls EGM to consider name change, reorganisation

Date : 09/03/2008 @ 5:57PM
Source : TFN
Stock : Nanoscience Inc (NAN)
Quote : 4.375  0.0 (0.00%) @ 11:30AM
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Nanoscience calls EGM to consider name change, reorganisation

        LONDON (Thomson Financial) - Nanoscience Inc. said it will convene an
extraordinary general meeting on Sept. 26 to consider resolutions to change its
name to Toumaz Holdings Ltd. and for an internal reorganisation of the
administrative structure of business.
    The emerging technologies investor said that since the acquisition of Toumaz
Technology Ltd. in November 2005, it has increasingly focused on the research
and development activities of Toumaz and planning commercialisation of its
technology. 
    Nanoscience said it plans to restructure the group into three administrative
areas: development of new technologies and their commercialisation; management
of intellectual property rights; and management of other investments.
    Under the proposed reorganisation, it will transfer intellectual property
rights developed by Toumaz to a new unit called Toumaz IP and transfer other
assets and investments to another new division.
TFN.newsdesk@thomson.com
ans/ra

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