Mar 31 2008
Industrial Nanotech, Inc., an emerging global leader in nanotechnology, today announced that the Company plans to begin opening regional retail stores/warehouse centers in key established markets worldwide to warehouse inventory for that area and sell the Company's patented Nansulate energy saving protective coatings to local customers. The first facility is planned for Denver, Colorado in the second quarter of 2008. The second is planned for Dusseldorf, Germany with other centers to follow.
"As momentum builds for our unit sales volume and revenue growth in specific regions of the world, it becomes cost effective to begin operating our own combination warehouse/retail facilities and capture additional revenues available to us in the supply chain," states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "Additionally, this strategic move provides reductions in both shipping costs and delivery times to individual and industrial customers and creates availability in a retail environment for the walk in 'impulse buyer' customers whom we have strong reasons to believe will become a key source of revenue in these locations. We've seen a marked increase in the number of home and business owners focused on reducing their heating and cooling bills and plant managers focused on reducing their energy costs and increasing the lifespan of plant and equipment. The addition of regional facilities will give us the ability to service buyers more efficiently. We are fortunate that in the current economy the products we offer are in increasing demand as energy prices continue to rise and everyone is looking for ways to cut expenses."