Industrial Nanotech, Inc. Announces Plans to Open Regional Retail/Warehouse Centers
March 27 2008 - 8:22AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, today announced that the Company plans to
begin opening regional retail stores/warehouse centers in key
established markets worldwide to warehouse inventory for that area
and sell the Company�s patented Nansulate energy saving protective
coatings to local customers. The first facility is planned for
Denver, Colorado in the second quarter of 2008. The second is
planned for Dusseldorf, Germany with other centers to follow. �As
momentum builds for our unit sales volume and revenue growth in
specific regions of the world, it becomes cost effective to begin
operating our own combination warehouse/retail facilities and
capture additional revenues available to us in the supply chain,�
states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc.
�Additionally, this strategic move provides reductions in both
shipping costs and delivery times to individual and industrial
customers and creates availability in a retail environment for the
walk in �impulse buyer� customers whom we have strong reasons to
believe will become a key source of revenue in these locations.
We�ve seen a marked increase in the number of home and business
owners focused on reducing their heating and cooling bills and
plant managers focused on reducing their energy costs and
increasing the lifespan of plant and equipment. The addition of
regional facilities will give us the ability to service buyers more
efficiently. We are fortunate that in the current economy the
products we offer are in increasing demand as energy prices
continue to rise and everyone is looking for ways to cut expenses.�
About Nansulate(R) Nansulate(R) 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,
and resistance to mold growth in an environmentally safe,
water-based, coating formulation. The Nansulate(R) 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.
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