NAPLES, Fla. — (BUSINESS WIRE) — March 22, 2012 — 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.
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.
Industrial Nanotech, Inc.
Francesca Crolley, US & Canada: 800-767-3998
International: +1 239-254-0346