NAPLES, Fla., Aug. 10, 2005 (PRIMEZONE) -- Industrial Nanotech Inc. (Pink Sheets:INTK), announced today that the Company's Chief Executive Officer, Stuart Burchill, presented to the Harvard Investors Group on Monday, August 8, 2005 at the Manhattan Club in New York, NY. Mr. Burchill presented to a forum of financial advisors, hedge fund managers, investment bankers, accredited investors and research analysts.
The presentation provided attendees with an overview of Industrial Nanotech, highlighting the Company's commercialized product line, strategic alliances, business objectives and revenue targets for the upcoming year. Topics covered during the presentation were:
-- Status of current testing, ongoing pilot projects, and
integration of Nansulate into current maintenance programs by
large Oil and Gas companies for the prevention of corrosion
under insulation, a multibillion dollar problem
-- Signing of a confidentiality agreement with a leading
manufacturer of building materials covering the use of the
Company's technology in standard building materials as an
insulator
-- Patents issued and filed protecting the Company's
intellectual property
-- Expressed interest from the automotive industry in
Nansulate's ability as an easy-to-apply superior insulator
-- Revenue projections of over $50 million in 2006 based on
ongoing testing and current discussions with multinational
corporations
Stuart Burchill, CEO of Industrial Nanotech, commented on the presentation, stating, "The goal of the presentation was to provide a summary of Industrial Nanotech's current operations, outline our strategic objectives, and provide revenue projections for the upcoming year. We are optimistic that the Company will achieve these objectives and exceed revenue projections by securing one or more major contracts that will generate significant revenue and bottom line results."
About Industrial Nanotech Inc.
Industrial Nanotech Inc. produces and sells Nansulate Translucent(tm), a line of high performance industrial coatings that insulate and protect against corrosion. The coatings are primarily designed for heavy industry, manufacturing and shipping markets. 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 corporate and product information, please visit www.industrial-nanotech.com.
The company logo for Industrial Nanotech Inc. is available at: http://www.primezone.com/newsroom/prs/?pkgid=1701
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.