International Barrier Tech. (fka IBTGF)

[Renee]

IBTGF: Pursuant to the Arrangement, the Company’s shareholders will receive US $0.41 per common share.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[bobkubecka]

International Barrier Enters Agreement to Combine with Louisiana-Pacific Corporation

Jul 31, 2017
OTC Disclosure & News Service

-

International Barrier Enters Agreement to Combine with Louisiana-Pacific Corporation

VANCOUVER, BC and WATKINS, MN--(Marketwired - July 31, 2017) - International Barrier Technology Inc. (the "Company") (OTCQB: IBTGF) (TSX VENTURE: IBH) is pleased to announce that it has entered into an agreement with Louisiana-Pacific Canada Ltd. and Louisiana-Pacific Corporation (collectively, "LP"), pursuant to which LP has agreed to acquire all of the issued and outstanding common shares of the Company (the "Transaction").

The Transaction will be implemented by way of plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). Pursuant to the Arrangement, each issued and outstanding common share of the Company will be transferred to LP in consideration for US$0.41 per common share, for a total purchase price of US$22 million. Upon completion of the Transaction, the Company will become a wholly-owned subsidiary of LP.

Michael Huddy, President and Chief Executive Officer of the Company stated, "The Board of Directors considered the Company's strategic options, and determined that the Transaction is an attractive opportunity for the Company's shareholders. The Transaction provides shareholders with cash liquidity and a price representing a significant premium to the last closing price and 30 day volume weighted average price of the Company's common shares."

Evans & Evans, Inc. provided an opinion to the Board of Directors that, subject to the assumptions, limitations and qualifications set out in such opinion, the terms of the Transaction are fair, from a financial point of view, to the shareholders of the Company. Taking into account this opinion, the Board of Directors has determined that the Arrangement is in the best interests of shareholders, and recommends that its shareholders vote in favour of the Arrangement.

The Arrangement is subject to applicable shareholder, court and regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature. The Arrangement is arm's length and will require approval of at least 66?% of the votes cast by Company shareholders at a special meeting of shareholders of the Company. Information regarding the Arrangement will be contained in an information circular to be prepared, filed and mailed in due course to Company shareholders in connection with the special meeting. All shareholders are urged to read the information circular once it becomes available as it will contain additional important information concerning the Arrangement.

Upon completion of the Transaction, the Company's shares will be de-listed from the TSX Venture Exchange and it is expected that LP will apply to cause the Company to cease being a reporting issuer under applicable Canadian securities laws. Following closing of the Transaction, the Company will operate as part of LP's OSB business. LP will continue to honor the Company's existing contracts and service its customers' needs. The Company expects the Transaction to close in early October, 2017.

About International Barrier Technology Inc.

International Barrier Technology Inc. develops, manufactures, and markets proprietary fire-resistant building materials branded as LP® FlameBlock® Fire-Rated OSB Sheathing and Blazeguard FR Deck Panel. The Company's award-winning fire-resistant wood panels use a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water in the heat of fire. The panels exceed "model" building code requirements in every targeted fire test and application, and are unique in combining properties that increase panel strength and minimize environmental and human impact. The Company's family of products provides customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. For more information please visit: www.intlbarrier.com.

About Louisiana-Pacific Corporation

Louisiana-Pacific Corporation is a manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers. Founded in 1973, LP is headquartered in Nashville, Tennessee and traded on the New York Stock Exchange under LPX. For more information, visit www.lpcorp.com.

INTERNATIONAL BARRIER TECHNOLOGY INC.

Michael D. Huddy
President and Chief Executive Officer, Director

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable securities legislation that is based on expectations, estimates and projections as at the date of this news release. The information in this news release about the completion of the business combination described herein, and other forward-looking information includes but is not limited to information concerning: the intentions, plans and future actions of the companies participating in the Transaction and other information that is not historical facts.

Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the completion of the Transaction and satisfaction of all closing conditions; risks relating to receipt of all necessary shareholder, court and regulatory approvals; business integration risks; fluctuations in general economic conditions, securities markets and currency markets; changes in national and local governments, legislation and taxation; risks relating to employee relations; and risks and hazards associated with the Company's operations. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For more information, contact:
Melissa McElwee
Chief Financial Officer
International Barrier Technology Inc.
[phone]


Copyright © 2017 Marketwired. All Rights Reserved


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

[rado]

31% percent increased in sales volume for December 2016. Only 9% increase in revenues.

OSB prices have been rising while plywood prices have stayed flat. Perhaps they had to lower their prices or the modular market has higher margins.


http://www.intlbarrier.com/investors/documents/December2016SalesResults.pdf

[rado]

Overall sales revenue generated for the month of August 2016 was 76% higher relative to the
revenue generated in August 2015

Monthly Sales Revenue and Sales Volumes for the period ending
August 31, 2016
September 19, 2016 - International Barrier Technology Inc. (“Barrier”) (IBTGF: OTCQB; IBH:
TSXV), a manufacturer of proprietary fire-resistant building materials has released monthly sales
revenue and sales volumes results for the period ending August 31, 2016.
Overall sales revenue generated for the month of August 2016 was 76% higher relative to the
revenue generated in August 2015 ($1,049,083 vs. $596,288). Sales revenue into the Residential
Roof Deck/Wall Assembly/Structural Insulated Panel market increased 88% and Revenues into
the Commercial Modular industry, increased by 42%.
Sales volume, as measured by the surface area of product treated, increased 74% to 2,663,344
sq. ft. versus the 1,530,160 sq. ft. shipped in August 2015. Volumes shipped into the Residential
Roof Deck/Wall Assembly/Structural Insulated Panel markets increased 84%, while shipments
into the Commercial Modular market were 42% higher than in August 2015. This was the second
highest monthly shipment volume in Barrier history.
The additional FlameBlock® Fire-Rated OSB Sheathing line in Clarke County Alabama remains
on target to begin commercial production in the near term


http://www.intlbarrier.com/investors/documents/August2016SalesResults.pdf

[stocktrademan]

$IBTGF DD Notes ~ http://www.ddnotesmaker.com/IBTGF

bullish
bull flag breakout

$IBTGF recent news/filings

## source: finance.yahoo.com

Wed, 26 Nov 2014 17:52:07 GMT ~ UPDATE: OTC Markets Group Welcomes International Barrier Technology to OTCQB

[at noodls] - Nov 26, 2014 OTC Disclosure & News Service New York, NY - UPDATE: International Barrier Technology (IBTGF) was verified for trading on OTCQB effective November 26, 2014. The company should have been ...

read full: http://www.noodls.com/view/8627DF2F205ACA6A081601F9A73A246A2B6ECFA4
*********************************************************

Fri, 21 Nov 2014 18:04:16 GMT ~ INTERNATIONAL BARRIER TECHNOLOGY INC Financials


read full: http://finance.yahoo.com/q/is?s=ibtgf
*********************************************************

Tue, 18 Nov 2014 00:09:39 GMT ~ 10-Q for International Barrier Technology, Inc.


read full: http://www.companyspotlight.com/routers/headline/22285/10004/6425864?cp_code=YAH1&1416269379
*********************************************************

Fri, 14 Nov 2014 17:48:39 GMT ~ INTERNATIONAL BARRIER TECHNOLOGY INC Files SEC form 10-Q, Quarterly Report


read full: http://biz.yahoo.com/e/141114/ibtgf10-q.html
*********************************************************

Thu, 02 Oct 2014 00:08:16 GMT ~ 10-K for International Barrier Technology, Inc.


read full: http://www.companyspotlight.com/routers/headline/22285/10004/6398688?cp_code=YAH1&1412208496
*********************************************************


$IBTGF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$IBTGF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/IBTGF/company-info
Ticker: $IBTGF
OTC Market Place: OTC Pink Current
CIK code: 0000890543
Company name: International Barrier Technology Inc.
Company website: http://www.intlbarrier.com
Incorporated In: British Columbia, Canada

Business Description: International Barrier Technology, Inc. (Barrier) develops, manufactures and markets proprietary fire retardant building materials branded as LP FlameBlock Fire-Rated OSB Sheathing and Mule-Hide FR Deck Panel. In addition, Barrier has a licensee servicing the European Union and Russia with opportunities available in other international markets. Barrier's products are designed to protect people and property from fire by releasing water to cool and curtail development. Barrier's PYROTITE TECHNOLOGY is patent protected in the U.S., Canada and Australia.Less >>


$IBTGF share structure

## source: otcmarkets.com

Market Value: $16,396,213 a/o Nov 26, 2014
Shares Outstanding: 44,554,926 a/o Feb 14, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$IBTGF extra dd links

Company name: International Barrier Technology Inc.
Company website: http://www.intlbarrier.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=IBTGF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=IBTGF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=IBTGF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/IBTGF/news - http://finance.yahoo.com/q/h?s=IBTGF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/IBTGF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/IBTGF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=IBTGF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/IBTGF
DTCC (dtcc.com): http://search2.dtcc.com/?q=International+Barrier+Technology+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=International+Barrier+Technology+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=International+Barrier+Technology+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.intlbarrier.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.intlbarrier.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.intlbarrier.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/IBTGF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000890543&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/IBTGF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/IBTGF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=IBTGF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=IBTGF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/IBTGF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=IBTGF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=IBTGF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=IBTGF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=IBTGF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=IBTGF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/IBTGF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=IBTGF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/IBTGF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=IBTGF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/IBTGF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/IBTGF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/IBTGF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/IBTGF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/IBTGF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=IBTGF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=IBTGF



$IBTGF DD Notes ~ http://www.ddnotesmaker.com/IBTGF

[Gerber Johnson]

Looks like some action but at least on the hub no one is watching

[bababooyah]

weeeeeeeeeeee

:)

[bababooyah]

:)

[bababooyah]

Hi lads

[Gerber Johnson]

I agree that the history is lacking in profitabilty. However I belive that the P&L with this next annual report is the turning point to long term Sales and Profit. My role as an investory it to be ahead of the curve if at all possible. That said either I'm missing something in my analysis or because the P&L hasn't yet hit - many are sitting on the sidelines. There are a whole lot of shares out there doing nothing, ioncludign mine. I've been accumulating on the dips but have slowed down a bit recently

[natstocks]

The issue I see with it, as a casual observer, is that it doesn't seem to have really demonstrated profitability commensurate to its revenues yet.

[Gerber Johnson]

Yep true it is. I can't beleive that the Co is only trading at $.28 PPS. It should be $2.28 PPS !! I'm hopeful that the Sept report for last year really communicates where the company is and is heading. This could be a tiger by the tail of the current expansion efforts take off, more builders buy in to the product AND the economy continues to build.

[lolabean]

It is true and very significant going forward for IBH.

[jazzman88]

Look at what I found when I googled europe+pyrotite
http://www.kronospan.cz/en/osb-pyrotite/
--could this be true. These guys are huge.

[Gerber Johnson]

Barely a bump in the stock price after a GREAT YEAR !! Perhaps the Sept earnings release etc will firm up some believers that the company is not only on the road to sucess, but significant growth !

[jazzman88]

2014-07-17 17:00 ET - News Release


Dr. Michael Huddy reports

INTERNATIONAL BARRIER TECHNOLOGY -- FIRE-RESISTANT BUILDING MATERIALS COMPANY -- REPORTS FISCAL YEAR RECORD SALES REVENUE OF $8,054,700 AND RECORD SALES VOLUME OF 19,750,800 SQ. FT. FOR YE JUNE 30, 2014

International Barrier Technology Inc. has released sales revenue and sales volumes for the fiscal year ended June 30, 2014.

Monthly shipments of 2,087,800 square feet were recorded during the month of June, an 11-per-cent increase over the 1,873,100 square feet shipped in June, 2013. Record fourth quarter shipments were achieved as 6,649,800 square feet were shipped from April, 2014, to June, 2014, a 29-per-cent increase in comparison with 5,161,600 square feet during the same quarterly period last year.

Record sales volumes of 19,750,800 square feet were shipped for the fiscal year ending June 30, 2014. This was an increase of 49 per cent from the 13,243,700 square feet shipped in fiscal 2013. The residential roof deck/wall assembly/structural insulated panel market business grew by 49 per cent year over year and represented 73 per cent of total barrier shipments. The commercial modular market was up 42 per cent year over year and represented 27 per cent of total shipments.

Monthly sales revenue grew 7 per cent; quarterly sales revenue increased 10 per cent; and fiscal year sales revenue for the period ended June 30, 2014, was up 34 per cent from $5,995,040 to $8,054,700 over the comparable periods last year. Fiscal year sales revenue generated from the residential roof deck/wall assembly/structural insulated panel markets rose 52 per cent, and revenue from the commercial modular market inclined 40 per cent.

Accomplishments during fiscal 2014:

Secured overseas licence with leader in building products in the European Union and Russia, commercial production to begin later in fiscal 2015;
Record fiscal year sales volumes and revenues;
Double-digit growth in both sales volumes and sales revenues in both major market areas;
New Pyrotite product distribution network and significant sales growth in the southeast;
New UL-certified two-hour exterior-load-bearing wall for Type III construction.
Barrier's 10K annual financial report will be published on or before Sept. 29, 2014.

"Fiscal 2014 was a successful year for Barrier with significant sales growth of products manufactured with Pyrotite products, coupled with the overseas licence agreement," stated Dr. Michael Huddy, chief executive officer of the company. "As we approach capacity in our existing U.S. manufacturing plant in Minnesota, we are committed and focused on expansion by creating more capacity in other geographic regions of the [United States]."

We seek Safe Harbor.

[lolabean]

Ibtgf

With no one paying attention-----

Makes for another great buying opportunity

The business model and plan are getting better and better

[Gerber Johnson]

$$$$ is coming too bad not many are paying attention.

[jazzman88]

Nice breakout on the stock to new highs. Very good to see.

[Gerber Johnson]

PPS $1.00- $1.50 PPS - Wait until the year end results come out. I think that is why the current buying is good. Perhaps there may be those who know more than us. With the Public info on Sales, IBGF's economy of scale
(overhead absorption) should spell profits and along with the licensing agreement PPS IMO should be in the $1.00 - $1.50 range soon after the year end numbers are released.

[jazzman88]

Charts starting to look great on this one. Some excellent buying going on.

[Gerber Johnson]

$1.00 PPS should be right around the corner after $.25 which is on the horizon !!!!

[jazzman88]

slowly but surely investors are starting to find out about this one. I trade on Canadian markets. Once it breaks above .25 resistance it could have a nice run.

[Gerber Johnson]

I find it interesting that there is so much potential with this co that there are so few on this board. May and YTD Sales are great. Years ago this stock was way up there before they had the customer base that they do now. I think that the pending yearly results will be a blowout yet the PPS is barely moving. I bought several times because I believe that this could be $$ in short order. Why very few are paying attention mystifies me

[jazzman88]

I think next few strong quarters will make investors realize the true potential. Should be trading above .30 right now based on current assets/sales numbers. Also put the licensing agreement into effect. .75 cents and above looks very possible this year.

[Gerber Johnson]

Me too. Been bottom fishin as much as I can before the year end results. I expect them to be very good. Wouldn't surprise me to see $.75 to $1.00 this summer

[jazzman88]

You are right. This should be a big year for these guys. I continue to add.

[Gerber Johnson]

Looks like Dec to April Sales are moving up in the right direction. Waiting to see May Sales $$ expect they will be good too. With specialty construction matls IBTGF is a little fish in a small pond Expect the 52 wk high of $.28 will be left in the dust shortly.

[wvumountaineer78]

Lucror:

Is there a way HTFBSN can get in touch with you?

Thanks

[jazzman88]

Lucror,
Any updates.

[jazzman88]

What you guys think of Dec sales numbers. I was surprised to the upside. I was expecting them to come in around 400k but came in just over 600k. Spring and summer should be fun.

[jazzman88]

Thanks. I also think it's dirt cheap down here. I am continuing to accumulate on weakness. Spoke with the management and will post my notes in a few days.

[Lucror]

I'm a long term investor. 1-3 years generally with nano and micro cap names. It generally takes longer for their stories to unfold. That being said, I look at valuation not share price as a barometer. Currently IBTGF sports a market cap of 7.8M. IMO that's undervalued. A valuation of 25-50M over the next couple of years is highly possible IMO; However, a lot depends on the continuation of the housing recovery and the execution of the their licensing agreement. It's difficult to find a nano cap that's profitable with this much potential. Dilution is always a concerns with these name and the fact that they're cash flow positive mitigates that risk.

[jazzman88]

Lucror,
What's your short term and long term target on this one. Looks like you found it early.

[Lucror]

Agreed. They offer a very differentiated product in the space the operate...LP recognizes this. Had conversations with management too. EVERYONE should contact a nano cap directly before investing in them. I never invest in a situation where management is unresponsive. This is a dangerous space but if you know what to look for and how to play it the reward outweighs the risk.

[jazzman88]

Hearing there was a nice write up Dec 1 edition of "The Quiet Investor" on IBH.

[Steveadl]

Yeah definitely looking forward to license deal progress report. Also hoping they'll sign licenses for other territories.

[jazzman88]

I agree. It is seasonal and might give us an opportunity to accumulate more of this stock. I just started following this company a few months ago. I had some good discussions with the company and I agree they are primed to do well with this turnaround in housing and more stringent fire codes.

[Lucror]

Lower revenues on a quarter over quarter basis resulted from a differing product mix. Expect some seasonality in the coming quarter which typically impacts the northern markets. Also, the impact from the recently signed licensing deal is not yet reflected in the numbers. Hopefully over the next few quarters we will get a little better clarity on what to expect from the deal.