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June 17th, 2008
Although most penny stocks are best avoided, there's one I've been following for some time—Industrial Nanotech. I really think it has a unique product and a good business plan.
That means it's a good investment.
To describe what the company does isn't exactly easy, so it's best to let Google Finance's description do the work:
Industrial Nanotech (www.industrial-nanotech.com) develops and commercializes applications for nanotechnology. The Company funds and participates in research with scientists and laboratories, including the United States Center for Integrated Nanotechnology (CINT) and Princeton Polymers Laboratories, Inc. Nansulate, which is an insulation and corrosion solution, is the Company's nanotechnology product. The Company's insulation and corrosion protection coating product line consists of Nansulate PT, for pipes and tanks, Nansulate GP, for other substrates, and NanoPrime. Nansulate thermal insulation is used in various industries, such as oil and gas, petrochemical, marine, automotive, pharmaceutical and construction. Its home and industrial applications include attic insulation, ceiling and wall insulation, duct insulation, basement pipe insulation, hot water heater insulation, mold resistance, metal building insulation and tank insulation.
And now it has a new line of Nansulate that's attracted the attention of one of the company's most important clients, Petrobras, one of the world's largest oil and gas companies. What makes its relationship with Petrobras even more intriguing is the fact that, in the past nine months, Brazil has made three major offshore finds, which may turn the country into the Saudi Arabia of the 21st century.
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