IRVINE, CA--(Marketwire -01/30/12)- Itonis, Inc. (Pinksheets: ITNS.PK - News) today issued the
following letter to shareholders:
In my November 22 letter to you, I promised to keep you updated as we
progressed on the Company's
becoming SEC fully reporting. I'm proud to reaffirm we are on track for
completing our audit by the February/March timeframe, and becoming fully
reporting in compliance with SEC requirements is a very close reality.
Additionally, our scientific/technology consultant, Dr. David Liu, is focusing his efforts on
electro-magnetic frequency technologies licensing objectives. With Paramount
Discoveries' technologies that magnetize carbon, salt, and silver, we will soon
embark upon a licensing campaign that should bring substantial value to Itonis,
furthering our efforts for NASDAQ OTC Bulletin Board listing.
We continue to make great strides on this very important initiative. The
acquisition of Paramount Discoveries along with our retaining Dr. Liu, plus the
concurrent efforts to complete our audit, are all positive steps to provide
higher levels of shareholder value.
Also, we are actively evaluating and pursuing several new acquisitions, and I
expect to be able to provide more details by the Q1 end. These are exciting
times for our Company. Stay
About Itonis, Inc.
Itonis, Inc. (the "Company") was incorporated
in the state of Nevada on July 5, 2005 under the name of Kenshou, Inc.
Subsequently, its name was changed to its present name, Itonis, Inc., on
December 2, 2005. For more information visit www.itonisholdings.com.
Statements in this press release may constitute
forward-looking statements and are subject to numerous risks and uncertainties,
including the failure to complete successfully the development of new or
enhanced products, the Company's future capital needs, the lack of market demand
for any new or enhanced products the Company may develop, any actions by the
Company's affiliates that may be adverse to the Company, the success of
competitive products, other economic factors affecting the Company and its
markets, seasonal changes, and other risks detailed from time to time in the
Company's filings with the U.S. Securities and Exchange Commission. The actual
results may differ materially from those contained in this press release. The
Company disclaims any obligation to update any statements in this press release.