Industrial Nanotech, Inc. Founders Retiring 90% of Their Preferred Stock
22 March 2012 - 11:28PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving and sustainable
solutions announced today that the Co-Founders are retiring ninety
percent of their Preferred Stock.
“This is part of an overall strategy to structure Industrial
Nanotech, Inc. for potential application to a more senior stock
exchange,” stated Stuart Burchill, Co-Founder and CEO/CTO of
Industrial Nanotech, Inc. “Based on revenue projections for the
upcoming quarters, a result of eight years of diligent effort, it
is appropriate to begin execution of a responsible strategy to
provide maximum benefit to shareholder value. This is one step in
that continuing process.”
For further information on Nansulate® nanotechnology based
coatings and sustainable solutions visit: www.nansulate.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.inanotk.com) and (www.nansulate.com).
Blog: www.nansulate.com/nanoblog, Twitter:
www.twitter.com/NanoPioneer, Facebook:
www.facebook.com/Nansulate.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Green Building Council. 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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