CHEYENNE, Wyo., Jan. 5 /PRNewswire/ -- Industrial Nanotech Inc., an
aspiring world leader in nanotechnology-based solutions, announces that the
Company is in the process of completing an application to become listed on the
Over-the-Counter "Pink Sheets" market under the stock ticker symbol "INTK".
Industrial Nanotech's premier products include patent-pending Nansulate(TM),
an industrial-grade liquid-applied insulation and corrosion inhibitor with
revolutionary performance characteristics.
"Several factors have influenced management's decision to bring Industrial
Nanotech public and become listed on the Pink Sheets," stated Stuart Burchill,
Chief Executive Officer of Industrial Nanotech. "While the most notable
factors are increases in access to institutional capital and exposure of our
product lines to industrial and consumer markets, protecting our research
interests and corporate associates is also a major priority. The reporting
requirements of the Pink Sheets allow us to safeguard certain information
about our research, product development, and strategic alliances that could
jeopardize the Company's competitiveness."
"We welcome the recent regulatory changes requiring Pink Sheet companies
to disclose current financial statements and material information to the
investment community. Industrial Nanotech believes that financial disclosure
is a primary fiduciary responsibility of any public Company," added Mr.
Industrial Nanotech's target markets consist of high volume industries
such as shipping, manufacturing, construction and packaging. Several of the
Company's products developed primarily for industrial use have also become
popular with small businesses and individual consumers. Nansulate(TM) and
future products released by Industrial Nanotech will be based on the latest
advances in nanotechnology - the science of the manipulation of material at
the atomic level.
Since the Company's inception, revenue has experienced consistent growth
with product sales spanning countries around the world. Distributor
Agreements have been signed with companies in the U.S., Canada, Turkey, and
Colombia. Additionally, the Company is currently in negotiations with
companies in Brazil, Argentina, Mexico, South Korea, the U.K. and the
Scandinavian countries. Industrial Nanotech has filed a patent for its
Nansulate(TM) product lines in the U.S. and internationally, with a second
patent in progress on a new material which promises a significant
Laurie Scherock, MBA, President of Industrial Nanotech, comments, "The
Pink Sheets is often considered a high-risk market, yet includes many well-
known corporations such as Nestle, Rand McNally, Deutsche Bank, Gucci,
Heineken, Bombardier and Nintendo. Industrial Nanotech is an emerging company
and subsequently could be viewed as a high-risk investment. However, we are
confident in our ability to perform and, if successful, would not be the first
company to start as a penny stock and grow into a household name and a
mainstay of investment portfolios."
About Industrial Nanotech Inc.
Industrial Nanotech Inc. participates in nanotechnology research and
development with the world's leading scientists and laboratories to create
patented technologies and products. The company produces and sells materials
primarily for the heavy industry, manufacturing and shipping market sectors
worldwide. Several of the company's products developed for industry have
applications in the broader market and are offered for sale to the general
public. The Company is currently conducting nanoscience-related research in
advanced materials, molecular self-assembly, and industrial applications at
facilities in New Mexico, Colorado, and New Jersey. Products are available
directly from the company or through a rapidly growing worldwide network of
Matters discussed in this press release are "forward-looking statements."
Statements describing objectives or goals or the Company's future plans are
also forward-looking statements and are subject to certain risks and
uncertainties, including the financial performance of the Company and market
valuations of its stock, which could cause actual results to differ materially
from those anticipated.
For more information, visit http://www.industrial-nanotech.com or email
This release was issued through eReleases(TM). For more information,
SOURCE Industrial Nanotech Inc.