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ITNS Receives $128 Million Dollar Valuation on Newest Acquisition

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上傳日期: 2011-12-13 19:45   更新日期: 2012-07-13 19:27   明通編輯 黃友香 / 香港 報導  

【明通編輯黃友香/香港報導】

IRVINE,CA--(Marketwire-December12,2011)-Itonis,Inc.(PINKSHEETS:ITNS)todayreleasedavaluationreportshowingthepost-

acquisitioncombinedvalueofltonis,Inc.,andParamountDiscoveriestobe$128,796,000.ThereportwaspreparedbyHanoverFederalCapitalCorporationaspartoftheduediligenceprocessforItonis,Inc.

'srecentacquisitionofParamountDiscoveries.AcompletecopyofthereportisavailableforreviewonItonis'websiteat

www.itonisholdings.com.ThevaluationreportcitedParamountDiscoveries'Electro-MagneticFrequencyTechnologycapabilitiesformagnetizingelementsandcompoundssuchascarbon,silver,

andsalt.ParamountDisc

overies'abilitytocreateandsustainanindefinitemagneticmomentinthesenaturalelementsandcompoundsisexpectedtogenerateunp

recedentedapplicationsintheindustrial,manufacturing,mining,agricultural,and"green"technologysectors.

"ThevaluationreportconfirmsourconfidencethatItonishasacquiredahighlyvaluableassetinParamountDiscoveriesthatisexpectedto

translateintosubstantialvalueforITNSshareholders,"saidMarkCheung,CEOofItonisHoldings.

ParamountDiscoveriesismakingitsElectro-MagneticFrequencyTechnologyavailableforlicensingin2012.

AboutParamountDiscoveries,Inc.

ParamountDiscoveries,Inc.isascientificresearchcompanyoriginallyfoundedin1995byStuartRobbins.Theyhavedevelopedapropri

etarytechnologythatcanstimulatemagnetisminseveralcommonnaturalelementsandminerals.Formoreinformationvisit

www.paramountdiscoveries.com

AboutItonis,Inc.

Itonis,Inc.(the"Company")wasincorporatedinthestateofNevadaonJuly5,2005underthenameofKenshou,Inc.Subsequently,

itsnamewaschangedtoitspresent

name,Itonis,Inc.,onDecember2,2005.Formoreinformationvisit

www.itonisholdings.comSafeHarbor:

Statementsinthispressreleasemayconstituteforward-lookingstatementsandaresubjecttonumerousrisksanduncertainties,

includingthefailuretocompletesuccessfullythedevelopmentof

neworenhancedproducts,theCompany'sfuturecapitalneeds,

thelackofmarketdemandforanyneworenhancedproductstheCompanymaydevelop,

anyactionsbytheCompany'saffiliatesthatmaybeadversetotheCompany,thesuccessofcompetitiveproducts,otherec

onomicfactorsaffectingtheCompanyanditsmarkets,seasonalchanges,andotherrisksdetailedfromtimetotimeintheCompany'sfiling

swiththeU.S.SecuritiesandExchangeCommission.Theactualresultsmaydiffermateriallyfromthosecontainedinthispressrelease.Th

eCompanydisclaimsanyobligationtoupdateanystatementsinthispressrelease.

Contact:

MichaelBiddick

mike@itonisholdings.com

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