Industrial Nanotech, Inc. Achieves Current Information Designation on OTC Markets - Begins PCAOB Certified Financial Audit Pr...
01 November 2010 - 11:00PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving solutions, today
announced that the Company has achieved the Current Information
Designation on OTC Markets.
This designation is granted to companies that comply with the
International Reporting Standard or the Alternative Reporting
Standard, making filings publicly available through the OTC
Disclosure & News Service Pursuant to OTC Markets Guidelines
for Providing Adequate Current Information.
“Our substantially increasing revenues will best enhance
shareholder value if we transition to a more senior stock
exchange,” states Stuart Burchill, CEO/CTO of Industrial Nanotech,
Inc. “Achieving the Current Information Designation on OTC Markets
was the first step in a process the will include audited financials
and additional company disclosure filings with the appropriate
regulatory agencies. Our customer base is transitioning from 'early
adopters' to established global corporations, including many of
those on the Dow Jones Sustainability Index, and it is time for the
Company to transition to a stock exchange that provides great
ability for companies of substance to maximize shareholder value
based on successful execution of effective business
strategies.”
Industrial Nanotech, Inc. recently reported sales exceeding
$2,200,000 US in the 3.5 month period from July 1, 2010 through
October 14, 2010, an exponential increase in revenue from prior
fiscal quarters.
Further information on Nansulate(R) coatings for sustainable
manufacturing visit. www.nansulateindustrial.com
About Nansulate®
Nansulate® is the Company's patented product line of award
winning, specialty coatings containing a nanotechnology based
material and which are well-documented to provide the combined
performance qualities of thermal insulation, corrosion prevention,
resistance to mold growth, fire resistance, chemical resistance and
lead encapsulation in an environmentally safe, water-based, coating
formulation. The Nansulate® Product Line includes industrial,
residential, agricultural and solar thermal insulation coatings.
Additional information about the Company and its products can be
found at their websites, (www.industrial-nanotech.com) and
(www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter:
www.twitter.com/NanoPioneer, Search ‘Nansulate’ on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Greenbuilding Council, the
American Solar Energy Society, and an official ALLY organization
with the U.S. Dept. of Energy "Save Energy Now" program. The
Company develops and commercializes new and innovative applications
for sustainable nanotechnology which are sold worldwide.
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.
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