Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Industrial Nanotech, Inc. Reports Corrected Third Quarter 2010 Sales Revenue Number: $1,229,068 US

Abstract:
Industrial Nanotech, Inc. (INTK 0.03, -.00, -5.88%) , an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company's actual revenue in the Third Quarter of 2010 was $1,229,068 US, not the approximately $1,036,047.00 US as originally reported in the press release of October 6, 2010.

Industrial Nanotech, Inc. Reports Corrected Third Quarter 2010 Sales Revenue Number: $1,229,068 US

Naples, FL | Posted on November 29th, 2010

"These are the best quarterly revenue numbers of any fiscal quarter since the Company's inception in 2004," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "In early 2010, we decided to increase our marketing to the manufacturing sector and it is now beginning to pay off in the form of record sales. Corporations have started taking the task of reducing energy consumption and costs very seriously for both economic efficiencies and their increased sense of environmental responsibility. They are enthusiastic about the easy-to-use and very effective solutions we offer. The response has been tremendous, with an accelerated level of interest in, and a rapid adoption rate of, our technologies into their energy saving and sustainability programs. We believe Q3 2010 is a good indicator of the direction our revenues are headed."

Crolley continues, "The correction of the revenue numbers is due to a change in accounting software systems we implemented, as required by several of our new larger multinational customers, to become EDI Compatible. EDI (Electronic Data Interchange) means a complete electronic transaction of business processes from the order entry up to the delivery, from the inventory control system of the customer to the system of the supplier. During the transition from our old system to the new system, an invoice was incorrectly transferred and was not included in the Sales Revenue number, as it should have been."

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.

####

For more information, please click here

Contacts:
Industrial Nanotech, Inc.
Investor Relations:
Rob Karbowsky
800-767-3998

Copyright © Industrial Nanotech

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Los Alamos Researchers Uncover New Properties in Nanocomposite Oxide Ceramics for Reactor Fuel, Fast-Ion Conductors: Misfit dislocations are key to transport properties across material interfaces September 23rd, 2014

Production of Organometallic Frameworks in Least Possible Time September 23rd, 2014

New chip promising for tumor-targeting research September 22nd, 2014

Twisted graphene chills out: When two sheets of graphene are stacked in a special way, it is possible to cool down the graphene with a laser instead of heating it up, University of Manchester researchers have shown September 22nd, 2014

Announcements

Los Alamos Researchers Uncover New Properties in Nanocomposite Oxide Ceramics for Reactor Fuel, Fast-Ion Conductors: Misfit dislocations are key to transport properties across material interfaces September 23rd, 2014

Production of Organometallic Frameworks in Least Possible Time September 23rd, 2014

Twisted graphene chills out: When two sheets of graphene are stacked in a special way, it is possible to cool down the graphene with a laser instead of heating it up, University of Manchester researchers have shown September 22nd, 2014

New star-shaped molecule breakthrough: Scientists at The University of Manchester have generated a new star-shaped molecule made up of interlocking rings, which is the most complex of its kind ever created September 22nd, 2014

Financial Reports

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Arrowhead Reports Fiscal 2014 Third Quarter Financial Results and Provides Update on ARC-520 August 12th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

Harris & Harris Group Reports Financial Statements as of June 30, 2014 August 10th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE