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Healthnostics Announces Major ExpansionHNS Crowdfunding Project for Entrepreneurs (March 22, 2012)
NEW YORK, NY -- (Marketwire) -- 03/22/12 -- Healthnostics, Inc. (PINKSHEETS: HNSS) -- With the March 8, 2012 lopsided 390-23 bi-partisan passage of the JOBS Act (Jumpstart Our Business Startups) by the U.S. House of Representatives, the bill has moved on to the Senate with the President's support. Included in the bill is a provision that allows crowdfunding as a vehicle to raise capital. Crowdfunding in this context is primarily an Internet instrument that will give entrepreneurs the ability to raise $1 million directly from the public without meeting the burdensome and often prohibitive SEC reporting and filing requirements. This will be a boon to small business capital formation, and Healthnostics, Inc., is unusually positioned to play a significant role in the process through its HNS Fund Co. division.
HNS Fund has been researching crowdfunding opportunities and developing an Internet platform since last November when the House overwhelmingly passed the crowdfunding bill that is now part of the JOBS Act. When operational, these assets will include websites, legal vetting and disclosures and marketing outlets.
Upon enactment of the bill, HNS Crowdfunding will be prepared to offer entrepreneurs immediate access to capital markets. HNS Fund Co. has the expertise in all aspects of this business, being intimately acquainted with small public business regulations, needs, means, structure, and markets.
HNS Crowdfunding represents the most significant commitment of investment and time by Healthnostics, Inc. to date. This is in keeping with the Company's previously announced strategy of "investments in a variety of promising and profitable fields. Some passive investments are then converted into active investments when management identifies a fit and need for its services and resources. This is the synergy element. In this way the Accretive Synergy Program provides a reservoir for potential acquisitions... and investments include fields such as online entertainment, e-commerce, publishing, finance, and production/producing."
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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