NAPLES, Fla., June 23, 2005 (PRIMEZONE) -- Industrial Nanotech, Inc., (Pink Sheets:INTK) today announced that the Company has received its largest international order through its distributor in Thailand, contributing to record international sales volume in the second quarter of 2005. The rise in sales orders is attributed to an increase in the number of international distributors for the Company's industrial coatings as well as ongoing international testing.
In accordance with an open communication policy, Industrial Nanotech's Board of Directors has dictated that the Company report its unaudited financials on a quarterly basis to the Pink Sheets Web site until it becomes fully reporting or has applied to a broader exchange.
Industrial Nanotech began product commercialization in April 2004. Since initial product rollout, the Company, with the assistance of leading scientists and researchers, has continually improved the performance characteristics of its industrial coatings. Using proprietary nanotechnology and nanocomposites, the Company has engineered unique industrial coatings that possess both anticorrosion and insulating properties.
Laurie Scherock, President of Industrial Nanotech, commented, "We are encouraged by the Company's international growth rate and are pleased to report that this quarter will mark the largest international sales volume of any quarter in our history. With the recent introduction of Nansulate High Heat, the demand for our products has never been higher. We have witnessed a surge in interest from our international distributors who are working closely with some of the leading Oil and Gas conglomerates as well as one of the largest shipbuilders in the world."
The financial results will be posted on the Pink Sheets Web site, www.pinksheets.com
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 exclusive distributors.
For more information, visit www.industrial-nanotech.com or email corporate@industrial-nanotech.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing, and evaluation of products, and other risks detailed from time to time in the Company's current information posted on www.pinksheets.com.