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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has awarded exclusive distributorship rights for the country of Spain to its current Italian Distributor, Aktarus S.r.l.
"Aktarus, our current exclusive distributor for Italy, has decided to expand its operations and purchase the rights to distribute our Company's products in Spain," states Francesca Crolley, V.P. of Operations & Marketing. "Their rapidly growing success in the Italian market, with over $200,000 US in product purchased from Industrial Nanotech, Inc. just in the past several months, gives us great confidence in their ability to successfully launch the Nansulate product line in this additional market and we look forward to continued growth at an exponential rate in both countries for our Nansulate coatings."
Spain's economy supports a GDP that on a per capita basis is 80% that of the four leading West European economies. It has seen economic growth averaging 3% annually during 2003-2006. Main industries in Spain include textiles and apparel, food and beverages, metals and metal manufacture, chemicals, shipbuilding, and automobiles.
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. Industrial Nanotech, Inc. is a member of the U.S. Green Building Council. 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, resistance to mold growth and lead encapsulation in an environmentally safe 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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