Monday, February 19, 2007

Industrial Nanotech, Inc. completing final stages of audit process

Industrial Nanotech (OTC: INTK.PK - News), developers of revolutionary products that incorporate the science of nanotechnology, today announced that it is completing the final stages of its audit process.

J.R. Lampson, hired as VP of Finance for Industrial Nanotech, Inc. in November of 2006 states, "Our team of CPA's has worked closely with us to conduct a thorough, detailed, and exhaustive analysis of our Company financials since inception in 2004, to review and revise as necessary all policies and procedures relating to Company operations worldwide, and to draft the Financial Procedures Manual and other documents required by our auditors and the regulatory agencies of stock exchanges which our Company considers an important objective."


Stuart Burchill, CEO of Industrial Nanotech, Inc continues, "The facts about our Company are solid. We have a respectable and healthy rate of revenue growth since inception. We have, and have communicated to the investing public through press releases, very large projects and substantial potential revenue sources in the pipeline and at a mature stage of development. We continue to invent new and important technologies and product lines and file patent applications to protect our intellectual property. Our expansion worldwide is striding forward country by country and we have an established record of entering markets, establishing credibility in those markets, and increasing the revenue from those markets."

"This relentless work ethic and the successes it is generating make it a priority for us to position the Company to be able to reach a broader audience of potential shareholders, brokerage firms, and institutional investors," states Mr. Burchill. "Completion of the work by Mr. Lampson, our new VP of Finance with decades of experience at the highest levels of financial operations of major international corporations, combined with the substantial resources and expertise of our accounting firm, puts us in the position to move forward towards that objective in a timely manner."

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