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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, today announced that the Company plans to begin opening regional retail stores/warehouse centers in key established markets worldwide to warehouse inventory for that area and sell the Company's patented Nansulate energy saving protective coatings to local customers. The first facility is planned for Denver, Colorado in the second quarter of 2008. The second is planned for Dusseldorf, Germany with other centers to follow.
"As momentum builds for our unit sales volume and revenue growth in specific regions of the world, it becomes cost effective to begin operating our own combination warehouse/retail facilities and capture additional revenues available to us in the supply chain," states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "Additionally, this strategic move provides reductions in both shipping costs and delivery times to individual and industrial customers and creates availability in a retail environment for the walk in ‘impulse buyer' customers whom we have strong reasons to believe will become a key source of revenue in these locations. We've seen a marked increase in the number of home and business owners focused on reducing their heating and cooling bills and plant managers focused on reducing their energy costs and increasing the lifespan of plant and equipment. The addition of regional facilities will give us the ability to service buyers more efficiently. We are fortunate that in the current economy the products we offer are in increasing demand as energy prices continue to rise and everyone is looking for ways to cut expenses."
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).
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
The Cervelle Group, LLC
Rob Karbowsky, 407-475-9966 ext. 227
The Cervelle Group, LLC
Tina Kuhn, 407-475-9966
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