|By Business Wire||
|May 12, 2014 08:08 AM EDT||
Industrial Nanotech, Inc. (OTC-PINK: INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced the timeline for moving to a more senior stock exchange.
The Company will publish audited financials for the full fiscal years 2012, 2013 and the first and second quarters of 2014 by July 31st, 2014. The Company’s financials are audited by the PCAOB registered accounting firm of Hartley Moore Accountancy Corporation, the Company's auditor of record for upcoming filings with the Securities and Exchange Commission. The Company’s fiscal year is the calendar year.
The Company will file the necessary documents required to become an SEC exchange act fully reporting company by September 30th, of 2014. The Company’s securities attorneys at the law firm of Sichenzia, Ross, Friedman, Ference LLP in New York will handle all necessary filings.
The Company will initiate a stock repurchase program in Q3 2014 for up to twenty percent (20%) of the Company's common stock. The Company will purchase the shares from time to time in the open market or through privately negotiated transactions over a six month period depending on market conditions, the capital requirements of the Company, and available cash that can be allocated to the stock repurchase plan, among other considerations. Purchases by the company will be made from time to time in accordance with applicable securities regulations. There is no minimum number of shares to be repurchased under the program.
The Company plans to submit the necessary applications to list on a more senior and prestigious stock exchange in late 2014.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide, including Nansulate(R) thermal insulation and asset protection coatings, which provide energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable. You can learn more about Nansulate coatings for industry at www.nansulate.com/industry.
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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