Industrial Nanotech, Inc. (OTCBB: INTK) Steady Doubling of Sales While Economy Suffers

Written by StockGuru on August 9, 2009

We have seen steady growth in INTK. In mid June INTK announced sales in June of 2009 were $100,552.85, more than double the revenues of June of 2008, a year when annual revenues were $1,424,036.00 US.

Industrial Nanotech, Inc. intends to meet or exceed their uninterrupted five year track record of approximately doubling revenues every year.

I want to put this in perspective. The economy is terrible. Sacred cow companies are losing ground. Utilities have always been super steady but they are having trouble — and yet —- INTK keeps on doubling sales year over year. Utilities are struggling against weakening demand for electricity that is forcing them to trim spending and explore new rate structures.

Power use has always been a proxy for U.S. economic activity and its in the worst slump since 1950.

AND INTK KEEPS ON DOUBLING.

A significant revenue increase in April ‘09 exceeded sales in April ‘08 by 12%
Sales in May ‘09 were almost triple that of May ‘08
June ’09 by more than doubled revenues from June ‘08

What does that tell you? This company is really growing even in these bad economic timees.

There is bad news everywhere but not for INTK. AEP a utility serving 11 states saw demand dropp by 20% for the quarter, the sharpest decline the company has seen in decades. Wholesale energy sales fell nearly 35%.

An energy analyst for Credit Suisse expects U.S. electricity demand to drop 2.8% this year. A drop of that magnitude would be the largest since 1950.

There only have been five years since 1950 in which U.S. electricity demand has dropped, and this is shaping up to be the first time since at least 1950 that there have been back-to-back annual declines. The growth rate exceeded 2% in 45 of the past 58 years, and the industry became accustomed to steady investment opportunities that allowed it to increase earnings.

AND INTK KEEPS ON DOUBLING.

Contact:

Industrial Nanotech, Inc.
801 Laurel Oak Dr., Suite 702
Naples, FL 34108
US & Canada (Toll Free): 800-767-3998
US & International: 1-239-254-0346
Fax (US & Can.): 1-239-254-1381

About Nansulate(R)

Nansulate(R) 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(R) 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.

About Industrial Nanotech Inc.

Industrial Nanotech Inc. is emerging as a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council and the American Solar Energy Society. The Company develops and commercializes new and innovative applications for nanotechnology.

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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