Market Overview

Dr. Castano to Attend The Economist Group Africa Summit 2013 Conference

The Africa Summit conference is an invitation only, special one-day examination of the world's new economic engine hosted by the Economist Group. By bringing together the politicians, business leaders and investors defining Africa's future, the summit will explore the latest commercial opportunities across the continent.

DETROIT, Jan. 9, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to announce today that Dr. Victor Castano will be attending The Africa Summit 2013.

The Africa Summit conference is an invitation only, special one-day examination of the world's new economic engine hosted by the Economist Group. By bringing together the politicians, business leaders and investors defining Africa's future, the summit will explore the latest commercial opportunities across the continent.

Dr. Castano will join 150 business leaders, investors and policy-makers in London on February 5th to understand what is defining Africa's future at The Africa Summit. The conference will explore promising growth sectors and expose the risks and rewards of building business across the Continent.

Top speakers and attendees will include, Her Excellency Ellen Johnson Sirleaf, President of Liberia, Babatunde Osotimehin, Executive Director and Under-Secretary-General, United Nations, Shanta Devarajan, Chief Economist, Africa Region, The World Bank, Mark Simmonds, Parliamentary Under Secretary of State, Foreign and Commonwealth Office and Charles Robertson, Global Chief Economist and Head, Macro-strategy Unit, Renaissance Capital.

"I am very honored to be invited to this prestigious event and I am very excited to work with forward-thinking individuals, and to be part of a team with the common goal to innovate and improve the lives of humanity," stated Dr. Castano, Chief Innovation Officer of Nano Labs. "As the world's attention turns to Africa, it's never been more important for investors, business leaders and policy-makers to gain a true understanding of what is powering the world's emerging economic in this area."

About The Economist Group

The Economist was founded in 1843 with a mission: to lead the debate in pursuit of progress. At the time, freedom of trade and freedom of the individual were the two major issues that the magazine campaigned for. Today, The Economist remains focused on stimulating debate and convening discussion about a range of ideas and issues. We do that in the magazine, on our website, and through live events.

Our philosophy is to tackle issues with a forward-looking, uniquely global perspective. We are aiming to create events that are for the intellectually curious: those people who enjoy ideas and those who are passionate about the issues that define our world.

Our company, The Economist Group, is the leading source of analysis on international business and world affairs. What ties us together is the objectivity of our opinion, the originality of our insight and our advocacy of economic and political freedom around the world. Our brands include, The Economist, Economist Intelligence Unit, Intelligent Life, Eurofinance, Roll Call, European Voice and Congressional Quarterly. Read more: http://www.economistconferences.co.uk/about#ixzz2HQAMAVj2

About Nano Labs

Nano Labs Corp. (CTLE) is a nanotechnology research and development company which began during October 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material.

The Company's research and development team of scientists, designers, and engineers is focused on creating a portfolio of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use and integration of proprietary nano compounds, our goal is to evolve common products into new, revolutionary products in order to make the world a better place.

Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE.

For more information, please visit www.NanoLabs.us.

The Nano Labs Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16293

Forward looking statements

This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.

CONTACT: Nano Labs Corp. Bernardo Camacho Chavarria President 1 (888) 806-2315 www.NanoLabs.us

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