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Nano Labs Secures First Contract For Purchase Of Intumescent Fire Resistant Coating

Stocks in this article: CTLE

DETROIT, Sept. 17, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to announce today the Company has received an order for twenty-seven thousand (27,000) liters of the Company's proprietary nano coatings.

The purchase order was issued to Atencio and Atencio and Nano Labs by Urban del Golfo S.A. de CV a supplier of products to Pemex.

Atencio and Atencio is a certified maintenance partner of Pemex since 1991 with over 30 employees who will be carrying out the installation of the intumescent fire resistant coatings at Pemex's Francisco I. Madero Refinery.

The contract, valued at approx. $630,000 USD is scheduled to be delivered on or by December 31, 2013.

"We are very pleased with today's announcement. The team has worked very hard propelling business development and today we turned the corner on driving revenue into the Company," Nano Labs' President, Mr. Bernardo Camacho stated.

"Pemex maintains billions of dollars of assets in the field and this is obviously a starting point for us in this niche market within the petrochemical industry. We are presently in discussions with Pemex's maintenance divisions for our other coating applications as it applies to the various challenges at refineries across Mexico. We are very bullish on the future outlook of our nano coatings in the global marketplace, and this contract lends great credibility to our nano coating product lines. Our plan is to continue to push hard in the North America and International markets. We believe this could generate strong revenue streams for the Company, drive us forward into profitability, and have a positive impact for our shareholders."

About Nano Labs

Nano Labs Corp. (CTLE) is a nanotechnology research and development company which began in October, 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material. Our Company's research and development team of scientists, designers, and engineers is focused on creating a portfolio of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use and integration of proprietary nano compounds, our goal is to evolve common products into new, revolutionary products in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit www.NanoLabs.us .

Forward looking statements

This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.

CONTACT: Bernardo Camacho Chavarria
         President
         bernardo@nanolabs.us
         1 (888) 806-2315

Nano Labs Corp. Logo

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