NaturalNano, Inc. announced that on June 21, 2016, to fill one of the Board vacancies, Colm Wrynn was elected as a director of the company. Effective as of the closing of the Exchange Transaction on the Effective Date, James Wemett, who had been the only officer of the company, resigned as an officer of the company, and Colm Wrynn, the President of Omni, became the President and Chief Executive Officer of the company, and Daniel Stelcer, a Vice President of Omni, became the Secretary and Chief Operating Officer of the company. Mr. Wemett also resigned as a director of the company, effective as of ten days after the delivery to the shareholders of the company of the Information Statement pursuant to Rule 14f-1, and Mr. Stelcer was elected to fill the vacancy when Mr. Wemett's resignation becomes effective.

That Information Statement was delivered to the shareholders on July 1, 2016, and, accordingly Mr. Wemett's resignation and Mr. Stelcer's election are now effective. Mr. Wemett's resignation was not the result of any disagreement with the management of the company.