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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has awarded Czech/Hungary/Slovakian distribution rights for its Nansulate product line to Sperka Izol, s.r.o..
"We welcome Sperka Izol, s.r.o. as our newest international distributor," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "Nansulate has been well received in Europe and these regions present a rich market opportunity for Industrial Nanotech products. We feel Industrial Nanotech's energy saving, corrosion resistant, and mold resistant Nansulate line of coatings will make a significant impact to the fast-developing regions of Eastern Europe."
The Czech Republic is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. Growth in 2000-05 was supported by exports to the EU, primarily to Germany, and a strong recovery of foreign and domestic investment. In Slovakia, the government has helped facilitate a foreign investment boom with business friendly policies such as labor market liberalization and a 19% flat tax. Industry in Hungary is well-diversified; major products include steel, chemicals, pharmaceuticals, cement, processed food, textiles, and motor vehicles.
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 ).
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.
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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