Industrial Nanotech INTK) is pleased to announce that the Company will post record sales for
the first quarter ended March 30, 2006. The Company recorded revenues of
$112,727 for Q1 2006, representing a 438% increase over revenue for the same
period in 2005. Sales for the first quarter of 2006 were equivalent to 60% of
total sales for the entire fiscal year 2005 which were $186,863. Industrial
Nanotech has demonstrated significant revenue growth year-over-year since its
inception, with 2005 sales showing an increase of 241% over sales for the fiscal
year 2004.
Additionally, Management of Industrial Nanotech reports that the Company will
begin posting audited financials in May 2005 at which time they will provide
audited financials for the Fiscal years 2004 and 2005. Industrial Nanotech's
detailed financials for the first quarter 2006 will be made available on
www.pinksheets.com in the coming weeks.
"We are pleased to once again report exponential revenue growth due to the
continual increase in sales of Nansulate for a wide range of industrial and
consumer applications. The combined performance qualities of energy savings
through thermal insulation, workplace health and safety through resistance to
mold growth, and increased plant and equipment lifespan through extraordinary
corrosion resistance have positioned our coating as the product of choice for a
multitude of applications and market sectors worldwide," commented Stuart
Burchill, Chief Executive Officer of Industrial Nanotech.
Mr. Burchill added, "As we maintain our focus on increasing the growth rate of
our general retail sales, we are continuing to make significant progress in our
negotiations with large corporations in the residential and commercial building
materials markets, the international "big box" retail chains and the oil, gas,
chemical, and automobile industries. The size of potential orders by these
corporations can propel our sales revenue to levels far beyond what we have
achieved to date. Going forward, we will report fully audited financials in
order to exhibit transparency of our operations and position the Company to move
to a larger exchange in the future."
About Nansulate(tm)
Nansulate(tm) is a water-based tinted or translucent insulation coating
containing a nanotechnology based material. The coating's ability to resist
mold, prevent corrosion and provide thermal insulation is well-documented. The
Company and its licensed distributors distribute Nansulate(tm) products
worldwide.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader.
The Company develops and commercializes new and innovative applications for
nanotechnology by participating with world-leading scientists and laboratories,
including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton
Polymers Laboratories.
See www.industrial-nanotech.com for more information.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This release includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties including, but not limited to, the impact of
competitive products, the ability to meet customer demand, the ability to manage
growth, acquisitions of technology, equipment, or human resources, the effect of
economic and business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any forward-looking
statements in order to reflect events or circumstances that may arise after the
date of this release.
CONTACT: Industrial Nanotech Inc.
(800) 508-6153
corporate@industrial-nanotech.com
Investors:
David Zazoff
(212) 505-5976
PressReleases@Za-Consulting.net
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