Applied Nanoscience Announces Warrant Extension and Re-Pricing

CARLSBAD, Calif., Jan. 12, 2009 (GLOBE NEWSWIRE) -- Applied Nanoscience Inc (ANI) (Other OTC:APNN) a nanotechnology-based filtration development company, announced that its board of directors has extended the expiration date on all of the company's common stock purchase warrants which were due to expire on December 31, 2008 to June 30, 2009. In addition, these 6,242,874 warrants were authorized to be reduced to an exercise price of $0.10.

About ANI

ANI is a marketer and developer of innovative, high performance nanotechnology-based filtration products to customers worldwide and is the owner of NEFT™ (Nanoparticle -- Enhanced -- Filtration -- Technology), a broad platform with significant application potential in consumer market segments.

For further information about Applied Nanoscience Inc., please visit: www.appliednanoscience.com

Safe Harbor Statement
This release may contain statements that are forward looking. Such statements are made based upon current expectations that are subject to risk and uncertainty. ANI does not undertake to update forward-looking statements in this news release to reflect actual results of and changes in assumptions or changes in other factors affecting such forward-looking information. The actual future plans and results of the companies could differ significantly from such forward-looking statements.

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