Industrial Nanotech, Inc. Announces Record High Holiday Season Revenues
January 08 2009 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, today announced that the Company
experienced record high revenues for its patented Nansulate� energy
saving coatings during the normally slow holiday season. "We
historically experience a drop off in sales from early November
through the first of the new year," stated Francesca Crolley, VP of
Operations and Marketing for Industrial Nanotech, Inc. �Last year,
for the two months between November 5, 2007 and January 5, 2008,
total revenues were $219,761.73. This year, between November 5,
2008 and January 5, 2009, total revenues jumped to $447,584.75.
This was achieved without resorting to sales or unusual discount
offers and with a more than 50% reduction in operating expenses. We
are pleased to see that the extra effort and hard work which we
have invested to offset the general economic conditions worldwide
is paying off. It is fortunate and advantageous for Industrial
Nanotech, Inc. and our shareholders that, in this era of increasing
fiscal constraint by consumers and businesses, our products are
easy-to-use, practical, cost effective, and save our customers
money by lowering their expenses month after month and year after
year." 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, resistance to mold growth, fire resistance, chemical
resistance, and lead encapsulation in an environmentally safe,
water-based, coating formulation. The Nansulate(R) Product Line
includes both industrial and residential energy saving coatings.
Additional information about the Company and its products can be
found at their websites, (www.industrial-nanotech.com) and
(www.nansulate.com). 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. 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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