ZNNC Zann Corp (PK)

ZANN Corp (OTCBB:ZNNC) announced today that the Company has started production of Semi-Automatic Riveting Tools And Magazines. According to Robert C. Simpson, CEO, "The new business unit is capable of profitable operations in the 3rd Quarter 2005. There are two main product platforms; semi-automatic riveting tools and magazines. Our production capability for semi-automatic riveting tools is 160 tools per week at an average selling price of $2,200 per tool. Our packaging machines current capability is approximately 104,000 magazines per month at $4 each. We are planning 24 new packaging machines in less than 12 months, which will increase our process capability to more than 200,000,000 magazines a year. Our challenge is to sell tools to generate the demand for magazines." Simpson went on to say, "The AutoFast semi-automatic riveting system can run at more than one rivet per second with a skilled operator. That translates into labor savings of greater than 40% in many cases. At 25% run time, each tool is capable of using over 70 magazines per day. Our goal is to sell more 1,000 tools within 12 months." ABOUT ZANN CORP ZANN Corp. has three primary business units; semi automatic riveting systems, biotechnology and nutritional supplements. These are all scalable technologies with the potential to supply a diverse range of high quality, high value products and services for niche markets. For additional information please visit the corporate website at: www.zanncorp.com Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.