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Posted: November 15, 2007
Industrial Nanotech Awards Exclusive Distributorship for Mexico to Established Retailer
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has awarded exclusive distributorship rights for the country of Mexico to Distribuidora Nano de America, based in Monterrey.
Distribuidora Nano de America is a Mexican corporation that sells industrial products throughout Mexico and Central America. They are an established supplier to PEMEX, the government owned oil and gas company, they supply products to numerous other government projects, and they supply other industries in the region through retail supply outlets and construction contractors.
“We are pleased to have our products represented in Mexico by Distribuidora Nano de America,” stated Francesca Crolley, VP of Operations & Marketing. “They began introducing Nansulate in Mexico as an Independent Sales Agent in May and have now decided to purchase the Exclusive Distributorship for the region. Their current government contacts and experience in the Mexican and Central American markets place them in a position to rapidly increase the sales of our Nansulate product line to the residential and commercial building markets and the many manufacturing industries present in Mexico and Central America.”
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is rapidly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology. Industrial Nanotech, Inc. is a member of the U.S. Green Building Council. Additional information about the Company and its products can be found at their websites www.industrial-nanotech.com and www.nansulate.com.
Nansulate® is the Company's patented product line of specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth and lead encapsulation in an environmentally safe coating formulation. The Nansulate® Product Line includes both industrial and residential coatings.
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.