Industrial Nanotech CEO Clarifies 3/27/08 Press Release
31 March 2008 - 11:08PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, today provided a clarification of the
press release dated March 27, 2008. �We are not opening a chain of
retail stores selling our product," states Stuart Burchill, CEO/CTO
of Industrial Nanotech, Inc. �We are taking greater control of our
supply chain and capturing an additional existing revenue stream by
opening small, regional warehouse/distribution centers, shipping
our product by low cost bulk transport to these centers, then
shipping individual orders within the region from these facilities
by our regular carrier, DHL. Revenues we currently collect as
shipping and handling charges from our customers, but currently pay
to third party fulfillment centers to process orders, would become
the revenue of these centers. Based on current sales volumes and
growth rates, we expect them to be profitable at opening. The
centers will also offer counter sales for product pick up and local
walk-in customers.� Mr. Burchill continues, �In addition to
capturing a significant additional revenue stream, this lowers the
cost of the DHL charges to the customer, therefore reducing overall
cost to customer, and reduces delivery times due to the closer
proximity of the product to the customer.� About Nansulate(R)
Nansulate(R) is the Company's patented product line of specialty
coatings containing a nanotechnology based material and which are
well-documented to provide the combined performance qualities of
thermal insulation, corrosion prevention, and resistance to mold
growth in an environmentally safe, water-based, coating
formulation. The Nansulate(R) Product Line includes both industrial
and residential coatings. About Industrial Nanotech, Inc.
Industrial Nanotech, Inc. is quickly emerging as a global
nanoscience solutions and research leader. The Company develops and
commercializes new and innovative applications for nanotechnology.
Additional information about the Company and its products can be
found at their websites, (http://www.industrial-nanotech.com) and
(http://www.nansulate.com). 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.
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2024 to Jul 2024
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Industrial Nanotech Inc (PK) (OTCMarkets): 0 recent articles
More Industrial Nanotech, Inc. News Articles