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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced that the Company's patented Nansulate® energy saving protective coatings will be sold by New Zealand's largest building material supply company in its chain of 55 home improvement retail megastores, "PlaceMakers", through an agreement reached by the company's New Zealand distributor, Matrex Cold Patch N.Z. Ltd.
"PlaceMakers is the home improvement megastore of New Zealand and we are pleased that our Nansulate product line has been chosen to be sold through their retail chain," stated Francesca Crolley V.P. of Operations & Marketing. "Nansulate HomeProtect has become an increasingly popular product for homeowners as energy prices continue to rise. It gives them a cost efficient, easy to use way to lower their energy costs and improve the environment. We look forward to an increase in our relationships with retailers like PlaceMakers throughout 2008 as Nansulate becomes a household name in our energy conscious world."
PlaceMakers is the trading name of Fletcher Distribution Limited, the retail trading arm of Fletcher Building Limited in New Zealand. PlaceMakers is New Zealand's largest building material supply company and offers a full range of products and services to both contractors and Do-It-Yourself customers. PlaceMakers has 55 retail stores and sells over 74,000 product lines from concrete to paint and plasterboard.
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, 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, (www.industrial-nanotech.com) and (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
The Cervelle Group, LLC
Rob Karbowsky, 407-475-9966 ext. 227
The Cervelle Group, LLC
Tina Kuhn, 407-475-9966
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