Exhibit 99

FOR IMMEDIATE RELEASE

             NANNACO EXECUTES MERGER AGREEMENT WITH NAZZ PRODUCTIONS

GIG HARBOR, WA, October 29/--Nannaco, Inc. (OTC BB: NNAC), announced today that
it has entered into a Plan of Merger with Nazz Productions, Inc. ("NAZZ"). NAZZ
is a film production company, focused on producing high-quality, independent
films for profitable distribution. Details about the proposed merger are
contained in a Form 8-K filed with the SEC and available at www.sec.gov.

Nick Stagliano, the President and primary owner of NAZZ is an award winning film
director and graduate of NYU's Graduate Film Institute.

      o     Mr. Stagliano recently produced the feature film version of the
            award winning play, The 24th Day starring JAMES MARSDEN and SCOTT
            SPEEDMAN. The film had its World Premiere to sold out crowds at the
            2004 Tribeca Film Festival in New York City. After that, the film
            made its theatrical premiere in New York before moving out
            throughout the country where it was held over for 4 weeks in Dallas.
            Most recently, the film had its West Coast Premiere at the
            prestigious Outfest in Los Angeles to standing room only crowds.
            After its theatrical run in Los Angeles, the film was released
            through UNIVERSAL STUDIOS on home video in the Fall of 2004. To
            date, the film has been invited to over 10 festivals throughout the
            world, and has sold to over 20 international territories. It has
            screened at Cannes, Milan and the AFM.

      o     Mr. Stagliano previously directed the heartwarming family Christmas
            drama "Home of Angels" starring ABE VIGODA (The Godfather, Barney
            Miller) and SHERMAN HELMSLEY (The Jeffersons). "Home of Angels" was
            subsequently released throughout the entire world on home video.

      o     Mr. Stagliano was also the director of "The Florentine" - a well
            known independent film that was Mr. Stagliano's first feature film
            under the Nazz Productions banner. The film stars JEREMY DAVIES,
            MICHAEL MADSEN, CHRIS PENN, LUKE PERRY, TOM SIZEMORE, MARY STUART
            MASTERSON, VIRGINIA MADSEN, HAL HOLBROOK, BURT YOUNG AND JAMES
            BELUSHI. This film was executive produced by FRANCIS FORD COPPOLA.
            It features music by BRUCE SPRINGSTEEN, BOB DYLAN, TOM WAITS, ELVIS
            COSTELLO, LUCINDA WILLIAMS and an original score by MARCO BELTRAMI
            (T3, Hellboy, Scream, The Practice). The film is a cult favorite
            where it won Special Jury Award, best narrative feature at the 2000
            Nashville Film Festival. It was invited to the Mavericks Film
            Festival in London, England and screened at Cannes, Milan and in Los
            Angeles as part of the American Film Market. After a limited
            theatrical release the film premiered on HBO and the STARZ network.
            To date, the film has sold to every major international sales
            territory including Germany, Japan, Spain, Italy, the U.K. and
            France.

Steve Careaga, CEO of Nannaco, noted, "To attract a production company headed by
someone of Nick Stagliano's caliber is incredibly exciting. We believe that Nazz
Productions will continue to produce high-quality films and grow its already
substantial reputation in the Industry."



"It's very gratifying that we are able to come to terms on this transaction so
rapidly,." said Nick Stagliano, who will become President of the merged entity.
"NAZZ has an opportunity, by entering the public marketplace, to take advantage
of opportunities across the independent film sector that are not as readily
available to private companies. By combining the expertise inherent in NAZZ with
the access to public shareholders and prospective financing of a public entity,
we can develop an exciting new business model for the industry."

"We have several projects pending," concluded Mr. Stagliano, "that will
undoubtedly benefit from this business combination."

Separately, Nannaco announced that merger previously announced with Red Alert
Group, Inc. ("Red Alert") has been terminated. The Board of Directors of both
Nannaco and Red Alert have approved the termination, without cause, of the
Agreement and Plan of Merger. As a result of the termination of the agreement,
both companies will bear their own expenses in connection with the merger and
neither company will owe to the other either break-up fees or other costs and
expenses.

ABOUT NANNACO

Nannaco, Inc. previously provided surface cleaning, surface protection, surface
restoration, and other services to commercial and industrial businesses, as well
as to owners of historical buildings. The company has moved to a new line of
business as a consultant and advisor to customers and is seeking to improve it
financial position through the acquisition of or merger with companies capable
of providing the best value to its shareholders.

More information about Nannaco, Inc. can be found at www.sec.gov.

This press release may contain "forward-looking statements." In some cases, you
can identify forward-looking statements by terminology such as "may," "will,"
"should," "could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "potential" or "continue" or the negative of such terms
and other comparable terminology. These forward-looking statements include,
without limitation, statements about our market opportunity, our strategies,
competition, expected activities and expenditures as we pursue our business
plan, and the adequacy of our available cash resources. Although we believe that
the expectations reflected in any forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. Actual results may differ materially from the predictions
discussed in these forward-looking statements. Changes in the circumstances upon
which we base our predictions and/or forward-looking statements could materially
affect our actual results. Additional factors that could materially affect these
forward-looking statements and/or predictions include, among other things: (1)
our limited operating history; (2) our ability to pay down existing debt; (3)
our ability to retain the professional advisors necessary to guide us through
our corporate restructuring ; (4) the risks inherent in the investigation,
involvement and acquisition of a new business opportunity; (5) unforeseen costs
and expenses; (6) potential litigation with our shareholders and/or former or
current investors; (7) the Company's ability to comply with federal, state and
local government regulations; and (8) other factors over which we have little or
no control.

For further information, please contact Steve Careaga at 253-853-3632, or send
correspondence to 7235 North Creek loop, Gig Harbor, WA 98335.

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