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Industrial Nanotech, Inc., (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that the audit of the Company's financials since inception in 2004 through fiscal year end 2006 has been completed, enabling investors to have confidence in its financial integrity and organization. This satisfies the compliance requirements of many brokerage firms and institutional investors which have not been permitted to purchase the company's stock for their clients prior to the audit completion.
"We are proud to announce the completion of the audit of our financials since the original formation of the Company with no findings of any irregularities," said Stuart Burchill, CEO of Industrial Nanotech. "It is an important step for Industrial Nanotech as it moves to the next level. We will continue to provide audited financials from this point forward."
The audit was completed by an independent third party, Moore & Associates, Chartered Accountants and Advisors, verifying commitment to integrity and ethical standards in financial and organizational oversight. Following this thorough examination, the auditing firm was able to issue an unqualified opinion regarding each of the areas described above.
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is rapidly 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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For Industrial Nanotech, Inc., Naples
Martin E. Janis & Company, Inc.
Beverly Jedynak, President, 312-943-1100 ext. 12
Martin E. Janis & Company, Inc.
Laura Grock, Vice President, 312-943-1100 ext. 13
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