MIAMI, FL--(Marketwired - May 1, 2015) - Technology Applications International Corporation (OTCBB: NUUU), a NASA* Technology Transfer Partner and parent company of wholly owned subsidiary Rejuvel Int'l, Inc., creators of REJUVEL 3D Ageless Infinity Microgravity Cell Renewal Cream, announced today that its Board of Directors with shareholder agreement, has approved a company name change to Rejuvel Bio-Sciences, Inc. which will better reflect the company's primary business, which is utilizing its relationship with NASA and applying NASA's patented technology in the creation of REJUVEL 3D products.
After passing the board and shareholder resolution, the company filed the required documents with the State of Florida and CUSIP Global Services to complete the necessary process for FINRA approval, which is expected to be effective within approximately two weeks.
Charles Scimeca, President of Technology Applications International Corporation said, "Changing our parent company's name reflects our commitment to building a worldwide brand and helps our company achieve better name recognition overall. It's also better representative of our company's day-to-day business operations at this time. When the change becomes effective, it will be seamless for our shareholders who will not have to take any action."
According to the company's website, www.nuuustock.com, NASA didn't originally create technology for development of topical skin and hair care products but rather they wanted to replicate microgravity conditions in the laboratory so they invented a rotating wall vessel (RWV) bioreactor that kept the growth medium and cells suspended in the chamber of the device, simulating a constant free fall similar to the conditions found in microgravity. Unlike the way cells typically grow in a laboratory -- two dimensionally on a flat surface -- the cells in the RWV bioreactor grew in a three-dimensional fashion, similar to how they naturally grow in the human body. NASA used the RWV bioreactor to perform tissue-growth experiments and during their investigation of adult human kidney, lung and epithelial stem cells, the group produced a range of bio-molecules that had regenerative qualities, including fibroblasts -- adhesive molecules that help to hold cells together. Rejuvel is using the technology to develop various topical creams and hair care products using assorted plant stem cell extracts.
The patents for the process to produce a regenerative extract using the NASA bioreactors was licensed from NASA and Administrators of the Tulane Educational Fund by Technology Applications International Corporation for use by its wholly owned subsidiary, Rejuvel Int'l, Inc. to create, market and sell cosmetic skin care products infused with the NASA bioreactor-produced extracts to promote skin healing and skin rejuvenation.
"One never really knows what kind of applications will come from a discovery process," explains Dr. Thomas J. Goodwin, a scientist and inventor at Johnson Space Center. "This was truly a discovery process that had one intention and goal for NASA but has led to something completely different that can benefit people on the ground."
For more information on NASA's technology transfer agreement with Rejuvel click here.
Rejuvel Int'l, Inc.'s REJUVEL 3D Microgravity Cell Renewal Cream is made possible because of the company's exclusive agreements to use NASA's bioreactor technology, *licensed from the National Aeronautics and Space Administration and Administrators of the Tulane Educational Fund under U.S. Patent Nos. 6,730,498 and 6,485,963 B1 and 6,673,597 B2, for topical cosmetics and hair care products. REJUVEL 3D anti-aging products are created in simulated microgravity, in NASA developed bioreactors, and promote the body's own healing mechanisms.
Rejuvel is continuing to grow its worldwide product registration commitment as well as expanding its distribution networks.
Rejuvel Int'l, Inc. and NueEarth, Inc. are wholly owned subsidiaries of Technology Applications International Corporation, a public company whose trading symbol is NUUU.
Rejuvel Int'l, Inc.'s REJUVEL 3D Microgravity Cell Renewal Cream was included in the 2015 Oscars Gift Bags, presented to Oscar nominees and was also displayed and discussed by Bill Maher on his weekly HBO television show. The company continues to air its 15 and 30 second television commercials. For more information on REJUVEL 3D please visit www.nuuustock.com or www.rejuvel.com.
REJUVEL products are also "Space Certified" and are recognized by the Space Foundation as technology that has been developed in outer space. The Space Foundation seal will appear on all of Rejuvel's products.
Rejuvel Int'l, Inc. is a "cruelty free" company. As a member of the "Leaping Bunny" program (http://www.leapingbunny.org/), the company does no animal testing in any phase of product development either directly or indirectly through their laboratories or suppliers.
NueEarth, Inc. is engaged in the development of environmental solutions using electron particle beam technology (E-Beam). The E-Beam works by using an electron beam particle accelerator unit that creates high-energy electrons, which produce free radicals leading to decomposition of organic compounds (pollutants). The Company plans to develop various applications to use the E-Beam technology for removal of pollutants from waste water, drinking water, municipal sludge, fracking liquids and other applications for environmental concerns as well as incorporating this technology to develop a proprietary system to be applied in the creation process of future Rejuvel cosmetics and hair care products.
The Company will update their shareholders and the public on future roll-out cities and other company developments through additional press releases.
For more information about NUUU please visit the corporate websites at: www.nuuustock.com and www.rejuvel.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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