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IRVINE,CA--(Marketwire-December12,2011)-Itonis,Inc.(PINKSHEETS:ITNS)todayreleasedavaluationreportshowingthepost-
acquisitioncombinedvalueofltonis,Inc.,andParamountDiscoveriestobe$128,796,000.ThereportwaspreparedbyHanoverFederalCapitalCorporationaspartoftheduediligenceprocessforItonis,Inc.
'srecentacquisitionofParamountDiscoveries.AcompletecopyofthereportisavailableforreviewonItonis'websiteat
www.itonisholdings.com.ThevaluationreportcitedParamountDiscoveries'Electro-MagneticFrequencyTechnologycapabilitiesformagnetizingelementsandcompoundssuchascarbon,silver,
andsalt.ParamountDisc
overies'abilitytocreateandsustainanindefinitemagneticmomentinthesenaturalelementsandcompoundsisexpectedtogenerateunp
recedentedapplicationsintheindustrial,manufacturing,mining,agricultural,and"green"technologysectors.
"ThevaluationreportconfirmsourconfidencethatItonishasacquiredahighlyvaluableassetinParamountDiscoveriesthatisexpectedto
translateintosubstantialvalueforITNSshareholders,"saidMarkCheung,CEOofItonisHoldings.
ParamountDiscoveriesismakingitsElectro-MagneticFrequencyTechnologyavailableforlicensingin2012.
AboutParamountDiscoveries,Inc.
ParamountDiscoveries,Inc.isascientificresearchcompanyoriginallyfoundedin1995byStuartRobbins.Theyhavedevelopedapropri
etarytechnologythatcanstimulatemagnetisminseveralcommonnaturalelementsandminerals.Formoreinformationvisit
AboutItonis,Inc.
Itonis,Inc.(the"Company")wasincorporatedinthestateofNevadaonJuly5,2005underthenameofKenshou,Inc.Subsequently,
itsnamewaschangedtoitspresent
name,Itonis,Inc.,onDecember2,2005.Formoreinformationvisit
www.itonisholdings.comSafeHarbor:
Statementsinthispressreleasemayconstituteforward-lookingstatementsandaresubjecttonumerousrisksanduncertainties,
includingthefailuretocompletesuccessfullythedevelopmentof
neworenhancedproducts,theCompany'sfuturecapitalneeds,
thelackofmarketdemandforanyneworenhancedproductstheCompanymaydevelop,
anyactionsbytheCompany'saffiliatesthatmaybeadversetotheCompany,thesuccessofcompetitiveproducts,otherec
onomicfactorsaffectingtheCompanyanditsmarkets,seasonalchanges,andotherrisksdetailedfromtimetotimeintheCompany'sfiling
swiththeU.S.SecuritiesandExchangeCommission.Theactualresultsmaydiffermateriallyfromthosecontainedinthispressrelease.Th
eCompanydisclaimsanyobligationtoupdateanystatementsinthispressrelease.
Contact:
MichaelBiddick