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Industrial Nanotech, Inc. (Pink Sheets: INTK) announced today that the Company's sales in May, 2009 represent a 195% increase over May, 2008.
"After experiencing a significant increase in activity and worldwide product sales for Nansulate® energy saving & asset protection coatings beginning in the month of April, 2009 to levels which exceeded our sales in April, 2008 by 12%, we have continued that trend by increasing sales in May, 2009 to a level almost triple that of May, 2008," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "We expect this trend to continue as the strategic adjustments we made to accommodate the new realities of the current economy produce the anticipated results. This puts us on track to continue our five year track record of approximately doubling our revenues every year."
Nansulate® is the Company's patented product line of award winning, 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® Product Line includes industrial, residential, agricultural and solar thermal insulation coatings. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer.
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is emerging as a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council and the American Solar Energy Society. 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.
The Cervelle Group, LLC
407-614-5959, ext. 227
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