Naples, FL (PRWEB) November 3, 2010
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company has achieved the Current Information Designation on OTC Markets.
This designation is granted to companies that comply with the International Reporting Standard or the Alternative Reporting Standard, making filings publicly available through the OTC Disclosure & News Service Pursuant to OTC Markets Guidelines for Providing Adequate Current Information.
“Our substantially increasing revenues will best enhance shareholder value if we transition to a more senior stock exchange,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “Achieving the Current Information Designation on OTC Markets was the first step in a process the will include audited financials and additional company disclosure filings with the appropriate regulatory agencies. Our customer base is transitioning from 'early adopters' to established global corporations, including many of those on the Dow Jones Sustainability Index, and it is time for the Company to transition to a stock exchange that provides great ability for companies of substance to maximize shareholder value based on successful execution of effective business strategies.”
Industrial Nanotech, Inc. recently reported sales exceeding $2,200,000 US in the 3.5 month period from July 1, 2010 through October 14, 2010, an exponential increase in revenue from prior fiscal quarters.
Further information on Nansulate(R) coatings for sustainable manufacturing visit http://www.nansulateindustrial.com.
Nansulate(R) 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(R) 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, (http://www.industrial-nanotech.com) and (http://www.nansulate.com). Blog: http://www.nansulate.com/nanoblog, Twitter: http://www.twitter.com/NanoPioneer, Search 'Nansulate' on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council, the American Solar Energy Society, and an official ALLY organization with the U.S. Dept. of Energy "Save Energy Now" program. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.
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.
SOURCE: Industrial Nanotech, Inc.
For Industrial Nanotech, Inc. Investor Relations: Rob Karbowsky, 800-767-3998
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