NaturalNano, Inc. announced their success using Halloysite Natural Tubes (HNT) in a broad range of feasibility studies that expand the potential commercial markets for its proprietary Halloysite nanotubules. Acting President and CEO James Wemett said, "I am excited about our technology and our customers' success. The tubular nature of Halloysite material offers customers a unique advantage, allowing the microtubes to be easily treated and separated. In the past, NaturalNano worked with customers to be their supply chain. We are now changing our Philosophy and concentrating on specific fields of use. We are working on specific products that can benefit from our material and our novel controlled release effect. Going forward, we plan on participating in the commercialization of these Nano related products.” Wemett added, "We have now shown the commercial viability of Halloysite nanotube technology in a range of products. We are aggressively looking for an acquisition that brings our technology forward to produce products using our HNT.”

On October 22, 2009, NaturalNano, Inc. borrowed $40,000 from Longview Special Finance Inc. pursuant to the terms of a letter agreement. The $40,000 loan plus interest at the rate of 16% per annum is due and payable on November 1, 2009. The loan is secured by all the other collateral that secures the various senior secured notes that NNAN previously issued to Longview.

On October 2, 2009, NaturalNano Inc. borrowed $25,000 from Platinum Long Term Growth IV, LLC pursuant to the terms of a letter agreement, a copy of which is filed herewith. The $25,000 loan plus interest at the rate of 16% per annum is due and payable on October 12, 2009. The loan is secured by all the other collateral that secures the various senior secured notes that NNAN previously issued to Platinum.