Industrial Nanotech (PK) (USOTC:INTK)
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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.