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 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.