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Industrial Nanotech Inc. (INTK.PK) Announces Intent To Become Publicly Traded



10/19/2005 5:11:51 PM

CHEYENNE, Wyo., Jan. 5 /PRNewswire/ -- Industrial Nanotech Inc., an aspiring world leader in nanotechnology-based solutions, announces that the Company is in the process of completing an application to become listed on the Over-the-Counter "Pink Sheets" market under the stock ticker symbol "INTK". Industrial Nanotech's premier products include patent-pending Nansulate(TM), an industrial-grade liquid-applied insulation and corrosion inhibitor with revolutionary performance characteristics.

"Several factors have influenced management's decision to bring Industrial Nanotech public and become listed on the Pink Sheets," stated Stuart Burchill, Chief Executive Officer of Industrial Nanotech. "While the most notable factors are increases in access to institutional capital and exposure of our product lines to industrial and consumer markets, protecting our research interests and corporate associates is also a major priority. The reporting requirements of the Pink Sheets allow us to safeguard certain information about our research, product development, and strategic alliances that could jeopardize the Company's competitiveness."

"We welcome the recent regulatory changes requiring Pink Sheet companies to disclose current financial statements and material information to the investment community. Industrial Nanotech believes that financial disclosure is a primary fiduciary responsibility of any public Company," added Mr. Burchill.

Industrial Nanotech's target markets consist of high volume industries such as shipping, manufacturing, construction and packaging. Several of the Company's products developed primarily for industrial use have also become popular with small businesses and individual consumers. Nansulate(TM) and future products released by Industrial Nanotech will be based on the latest advances in nanotechnology - the science of the manipulation of material at the atomic level.

Since the Company's inception, revenue has experienced consistent growth with product sales spanning countries around the world. Distributor Agreements have been signed with companies in the U.S., Canada, Turkey, and Colombia. Additionally, the Company is currently in negotiations with companies in Brazil, Argentina, Mexico, South Korea, the U.K. and the Scandinavian countries. Industrial Nanotech has filed a patent for its Nansulate(TM) product lines in the U.S. and internationally, with a second patent in progress on a new material which promises a significant technological breakthrough.

Laurie Scherock, MBA, President of Industrial Nanotech, comments, "The Pink Sheets is often considered a high-risk market, yet includes many well- known corporations such as Nestle, Rand McNally, Deutsche Bank, Gucci, Heineken, Bombardier and Nintendo. Industrial Nanotech is an emerging company and subsequently could be viewed as a high-risk investment. However, we are confident in our ability to perform and, if successful, would not be the first company to start as a penny stock and grow into a household name and a mainstay of investment portfolios."

About Industrial Nanotech Inc.

Industrial Nanotech Inc. participates in nanotechnology research and development with the world's leading scientists and laboratories to create patented technologies and products. The company produces and sells materials primarily for the heavy industry, manufacturing and shipping market sectors worldwide. Several of the company's products developed for industry have applications in the broader market and are offered for sale to the general public. The Company is currently conducting nanoscience-related research in advanced materials, molecular self-assembly, and industrial applications at facilities in New Mexico, Colorado, and New Jersey. Products are available directly from the company or through a rapidly growing worldwide network of exclusive distributors.

Matters discussed in this press release are "forward-looking statements." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.

For more information, visit http://www.industrial-nanotech.com/ or email corporate@industrial-nanotech.com.

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.

Industrial Nanotech Inc.

CONTACT: Stuart Burchill, Industrial Nanotech Inc., +1-800-858-3176,corporate@industrial-nanotech.com


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