NEW YORK, Dec. 1, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Investrend Research analyst Jeff Howlett has initiated Focus research coverage on International Barrier Technology Inc. (OTCBB:IBTGF) (TSX Venture Exchange:IBH), saying it is "well-positioned for continued rapid growth and into profitability."
In his report, which is available at http://www.investrendresearch.com, Howlett said that sales efforts are clearly gaining traction, the company has raised additional capital is now in much better financial position, manufacturing capacity is being expanded to take advantage of new opportunities, and Barrier recently acquired all rights to the technology and can undertake significant licensing opportunities, both internationally and in selected domestic markets / applications.
"Blazeguard(r) is the one fire-rated product that captures both the high strength-to-weight ratio of wood and the best fire protection properties of fire-rated gypsum," said Howlett. "The panels exceed International Building Code requirements in every targeted fire test and application, and are unique in the marketplace in that the products have both high strength and excellent fire properties, and are also cost competitive."
Howlett said that a major deal with Mule-Hide, one of the largest US providers of roofing products to the modular industry, was reached. "For the most recent quarter, we have seen sales more than double last year's levels -- with June /04 being virtually double amounts seen in 2003."
There are no known products currently available or in the development stage that provide all the benefits of Blazeguard(r) (i.e. possessing the combination of strength and fire characteristics). Future financials will be impacted in a very positive way now that this product is selling well and produced as a standard procedure.
Howlett said the company is also confronted with a number of risk factors, which he enumerated in the full report.
The analyst's credentials are at http://www.investrend.com/articles/secondlevel.asp?level=238
Enrollment in standards-based research is an important measure of a company's commitment to transparency and Good Governance. Investrend Research's pioneering program facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Investrend subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com. Enrollment fees for Focus coverage are $4,950, and the fees were paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor employees of Investrend Research may own or trade stocks of companies under coverage.
Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes, and the full report is available at www.investrendresearch.com. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
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