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Industrial Nanotech Awards
Exclusive Distributorship for Spain to Aktarus S.r.l.
Industrial Nanotech, Inc.
November 12, 2007
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging
global leader in nanotechnology, announced today that it has
awarded exclusive distributorship rights for the country of
Spain to its current Italian Distributor, Aktarus S.r.l.
"Aktarus,
our current exclusive distributor for Italy, has decided to
expand its operations and purchase the rights to distribute
our Company's products in Spain," states Francesca Crolley,
V.P. of Operations & Marketing. "Their rapidly growing
success in the Italian market, with over $200,000 US in
product purchased from Industrial Nanotech, Inc. just in the
past several months, gives us great confidence in their
ability to successfully launch the Nansulate product line in
this additional market and we look forward to continued
growth at an exponential rate in both countries for our
Nansulate coatings." |
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Spain's economy supports a GDP that on
a per capita basis is 80% that of the four leading West
European economies. It has seen economic growth averaging 3%
annually during 2003-2006. Main industries in Spain include
textiles and apparel, food and beverages, metals and metal
manufacture, chemicals, shipbuilding, and automobiles.
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is rapidly emerging as a global
nanoscience solutions and research leader. The Company
develops and commercializes new and innovative applications
for nanotechnology. Industrial Nanotech, Inc. is a member of
the U.S. Green Building Council. Additional information
about the Company and its products can be found at their
websites www.industrial-nanotech.com and www.nansulate.com.
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,
resistance to mold growth and lead encapsulation in an
environmentally safe coating formulation. The Nansulate(R)
Product Line includes both industrial and residential
coatings.
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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