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Posted: January 23, 2008
Industrial Nanotech, Inc. Experiences Rapid Expansion of Global Distribution Network
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK) announced that the Company’s patented Nansulate® energy saving protective coatings are now sold in 33 countries and applicants for Exclusive Distributor status are currently under review for the countries of Russia, India, Sweden, Brunei, Bulgaria, Romania, and Korea. Negotiations for placement of the Company’s products in retail stores are underway in the US, New Zealand, Canada, and Europe.
“We are experiencing a dramatic increase in the number of companies purchasing and applying to purchase the distribution rights for our products in countries around the world. This is no small vote of confidence on their part since they are required to submit an application and, if approved, make a significant financial commitment and agree to quotas based on population and economic factors,” stated Francesca Crolley V.P. of Operations & Marketing. “The exponential increase in awareness of our Company and its products has resulted in competition for the right to sell our products in several countries. We believe that this is an excellent indication that we are well positioned to prosper in this rapidly changing economic climate where saving energy, reducing carbon emissions, and saving money have become a significant priority to individuals and corporations globally. The very real and substantial financial return on initial investment that the application of our Nansulate product line produces for both homeowners and heavy industry is well documented.”
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, water-based, coating formulation. The Nansulate® Product Line includes both industrial and residential coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology. Additional information about the Company and its products can be found at their websites, (http://www.industrial-nanotech.com) and (http://www.nansulate.com).
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.