NAPLES, Fla., May 9, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, announced the retention of Great Eastern Securities, Inc. to advise the Company on matters relating to the capital markets such as project financing, analyst coverage and stock exchange listing.
According to Stuart Burchill, Chief Executive Officer of Industrial Nanotech, "We believe that based on the rapid growth of our company and shareholder base, it is important to properly position the company for future expansion by aligning ourselves with quality advisors. Great Eastern stood out over several investment banking and brokerage firms that approached us because of their strong understanding and influence in the microcap markets. We will be working directly with the principals and key personnel of the firm, who are well respected in the financial community for their strategic capabilities, high level of integrity and ability to deliver significant shareholder value. With the assistance of Great Eastern, we will begin taking the necessary steps to prepare the company for listing on a broader exchange."
Great Eastern is a full service broker dealer headquartered in the heart of Wall Street with locations across the US serving individuals, businesses, corporations, and institutions. Great Eastern was founded in 1971 and has been a member of the National Association of Securities Dealers (NASD) since 1980. For almost a quarter of a century, Great Eastern has been providing clients with products, services and relationships they need to realize their financial potential.
About Nansulate(tm)
Nansulate(tm) is a water-based translucent insulation coating containing a nanotechnology based material. The coating's ability to resist mold, prevent corrosion and provide thermal insulation is well-documented. The Company and its licensed distributors distribute Nansulate(tm) products worldwide.
About Industrial Nanotech Inc.
Industrial Nanotech Inc., (Pink Sheets:INTK) is a global nanoscience solutions and research leader. The company seeks to introduce new and innovative marketing applications for nanotechnology by participating with world leading scientists and laboratories, including Sandia National Laboratories and Princeton Polymers Laboratories. Industrial Nanotech Inc. continues to develop and commercialize nanoscience solutions, such as Nansulate(tm) products, that address real-world needs. Its products are currently being tested by Global 100 companies for potential use.
See www.industrial-nanotech.com for more information.
The Industrial Nanotech, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1701
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.