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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, today announced that the Company experienced record high revenues for its patented Nansulate® energy saving coatings during the normally slow holiday season.
"We historically experience a drop off in sales from early November through the first of the new year," stated Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "Last year, for the two months between November 5, 2007 and January 5, 2008, total revenues were $219,761.73. This year, between November 5, 2008 and January 5, 2009, total revenues jumped to $447,584.75. This was achieved without resorting to sales or unusual discount offers and with a more than 50% reduction in operating expenses. We are pleased to see that the extra effort and hard work which we have invested to offset the general economic conditions worldwide is paying off. It is fortunate and advantageous for Industrial Nanotech, Inc. and our shareholders that, in this era of increasing fiscal constraint by consumers and businesses, our products are easy-to-use, practical, cost effective, and save our customers money by lowering their expenses month after month and year after year."
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, fire resistance, chemical resistance, and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes both industrial and residential energy saving coatings. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com).
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.
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
407-475-9966, ext. 227
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