Healthnostics Announces HNS Fund Co. Expansion

NEW YORK, NY--(Marketwire - August 16, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) announced a major expansion of its HNS Fund Co. division. The recently announced net gain of $957,000 in the market value of HNS Fund Co. has encouraged management to further expand and diversify the division. As a result, the company has taken significant stakes in such areas as online entertainment, publishing, and an online commerce site. These investments are in addition to the previously-announced portfolio of securities and debt instruments.

This expansion is allowing HNSS through HNS Fund Co. to dramatically expand its market reach while simultaneously gaining the cumulative experience of experts in various fields without increasing the Company’s overhead. The Fund is also an active, rather than passive, participant in many of these investments, providing capital, expertise, and hands-on assistance. This innovative accretive synergy program is already reaping benefits through the increased market valuations of the investments as well as direct profits.

HNS Fund Co. utilizes cash and stock, including Healthnostics, Inc. stock, in its investment and acquisition activities, but as a division of Healthnostics, Inc., the Fund cannot include Healthnostics, Inc. stock in its portfolio. This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management’s current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.