Applied Nanoscience Announces Warrant Extension and Re-Pricing

CARLSBAD, Calif., Jan. 12, 2009 (GLOBE NEWSWIRE) -- Applied Nanoscience Inc.
(ANI) (Pink Sheets:APNN), a nanotechnology-based filtration development company,
announced that its board of directors has extended the expiration date on all of
the company's common stock purchase warrants which were due to expire on
December 31, 2008 to June 30, 2009. In addition, these 6,242,874 warrants were
authorized to be reduced to an exercise price of $0.10.

About ANI

ANI is a marketer and developer of innovative, high performance
nanotechnology-based filtration products to customers worldwide and is the owner
of NEFT(tm) (Nanoparticle -- Enhanced -- Filtration -- Technology), a broad
platform with significant application potential in consumer market segments.

For further information about Applied Nanoscience Inc., please visit:
www.appliednanoscience.com

Safe Harbor Statement

This release may contain statements that are forward-looking. Such statements
are made based upon current expectations that are subject to risk and
uncertainty. ANI does not undertake to update forward-looking statements in this
news release to reflect actual results of and changes in assumptions or changes
in other factors affecting such forward-looking information. The actual future
plans and results of the company could differ significantly from such
forward-looking statements.

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CONTACT: Applied Nanoscience Inc.
Investor Relations
Philippe Niemetz
800-477-7570
212-344-6464
p.niemetz@panconsultants.com