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Nano Labs Corp. (CTLE) Appoints Dr. Victor Castano as Chief Research and Innovation Officer

CENTENNIAL, CO -- (Marketwire) -- 11/08/12 -- Nano Labs Corp. (OTCBB: CTLE), a nanotechnology development company, today announced that it has brought on Dr. Victor Castaño as Chief Research and Innovation Officer, an appointment timed to coincide with the company's readiness to expand its market presence and explore new global business opportunities.

In assuming the scientific and academic leadership role in the company, Dr. Castaño will provide distinguished scientific oversight to Nano Lab Corp's advanced R&D base and product portfolio. He will advise, direct and work in league with a strong team of scientists, designers, engineers, and business and marketing specialists to pursue commercialization of innovative nano products and materials holding real market potential. As well, he and the team will promote opportunities through a store of hundreds of peer-reviewed international papers, patents, and prototypes representing some decades of work.

Dr. Castaño is a member of the faculty and the founding Director of the Center for Applied Physics and Advanced Technology (CFATA) at UNAM (Universidad Nacional Autonoma de Mexico), the most distinguished academic institution in the country -- and the only university in Mexico with Nobel Prize laureates among its alumni. The professor is himself a graduate of UNAM, where he obtained his Doctorate in Science (Physics) in 1985 and has had a distinguished career of international level ever since.

With additional knowledge in chemistry and mathematics -- and holding numerous distinctions and memberships from academic groups around the globe -- Dr. Castaño is a preeminent scientific figure in the field of nanotechnology worldwide. He also has served as a visiting scientist at IBM's Thomas J. Watson Research Center in New York, and as a Fellow of the Editorial Board of many leading journals in Materials Science and Engineering. He has been part of Committees in both Universities and Industries in practically all continents.

"We're delighted Professor Castaño is participating with us at Nano Labs Corp. He has attracted more media attention in Mexico than any other scientist through his discoveries and inventions, and he is celebrated for solving practical problems. Of particular note is his development of an anti-graffiti paint and a high-strength polyamide coating for bullet-proof textiles, which are original nanotechnology applications currently in production," said Nano Labs President and CEO Bernardo Chavarría.

Said Dr. Castaño: "I'm glad to collaborate with Nano Labs Corp in these exciting times. As the company undertakes initiatives to pursue ever more promising and interesting challenges, I look forward to what lies ahead. It's a great group here, and I see nothing but success on the horizon."

Former Chairman Mr. Jose Manuel Flores Hernandez, is stepping down for personal reasons but will remain active with Nano Labs as a member of the Board of Advisors. Mr. Flores' resignation came into effect October 10th, 2012.

About Nano Labs Corp.

Nano Labs Corp (CTLE) set course in nanotechnology as of October 2012, with newly added resources that encompass over 30 years of research and development in nanotechnology and hundreds of peer-reviewed and published research papers and patents. Our R&D team of scientists, designers, and engineers are focused on creating a portfolio of products of next-generation products in: Consumer Products, Energy, Materials Science, and Pharma and Healthcare. Through the use and integration of proprietary nano compounds and nano systems, as well as molecular engineering products, our mission is to evolve everyday existing products, and to create new, revolutionary products, in order to make the world a better place. Nano Labs shares are now traded on the Over The Counter Quote Board (OTCQB) stock exchange in the United States under the ticker CTLE.

Forward looking statements

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Risk factors listed from time to time in its news releases and its filings with the OTCQB Market Services may impact the Company's actual performance and future results. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements.

Contact Information

Nano Labs Corp.
Bernardo Chavarria
President & CEO
1 (303) 721-9198

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