Industrial Nanotech Cancels US Retail/Warehouse Expansion Plans To Continue Focus On New Product Development and Proven High Gro

  
    
  
  
    
      Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader 
      in nanotechnology, announced today that the Company will not be opening 
      regional warehouse/retail centers in the US at this time as previously 
      announced.
    
    
      “Focusing our resources on continued new 
      product development appropriate for this era of rapidly rising energy 
      costs and continuing to expand market share for our current and upcoming 
      energy saving products in the still rapidly growing industries and 
      regions of the world is a more appropriate strategy for maintaining our 
      long trend of high revenue growth rate at this time,” 
      states Stuart Burchill, CEO of Industrial Nanotech, Inc. “Our 
      new Nansulate EPX product line, with its industry high thermal 
      insulation performance, our upcoming additions to our product lines, and 
      our continued expansion into Asia, China, and the Middle East are 
      proving to be very resilient sources of revenue growth in this unique 
      economic environment and we will continue to focus on these productive 
      and successful ventures for the foreseeable future. Additionally, 
      because of our reputation as a technological innovator, we continue to 
      receive requests from companies around the world for unique products 
      with performance characteristics which are well within our abilities to 
      provide. The market shows us what it is looking for and we continue to 
      successfully develop and provide those solutions.”
    
    
      Nansulate EPX has an industry high thermal insulation capability 
      combined with exceptional fire resistance and excellent chemical 
      resistance. Nansulate EPX also provides protection against corrosion, 
      the ability to be applied from one eighth inch thick to several inches 
      thick, a rapid cure time, durability in severe service environments, and 
      is a strong, very light weight, easy-to-apply material.
    
    
      Industrial Nanotech, Inc. currently sells the Company’s 
      products through a network of exclusive distributors and independent 
      representatives in countries around the world including China, United 
      Arab Emirates, Australia, New Zealand, India, Indonesia, Singapore, 
      Canada, Brazil, Italy, Spain, England, Ireland, Turkey and many other 
      countries and continues to expand this platform with pending deals 
      including an exclusive distributor in Saudi Arabia.
    
    
      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, lead 
      encapsulation, chemical resistance, and fire resistance in an 
      environmentally safe, water-based, coating formulation. The Nansulate(R) 
      Product Line includes industrial, residential, and automotive parts 
      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.