ynotssor
Guest
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 Posted:
Wed Nov 09, 2005 1:01 am Post subject:
bought IBTGF.OB |
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IBTGF.OB buy limit $0.74 triggered today.
International Barrier Technology, Inc., a Canadian company (IBTGF) develops,
manufactures, and markets proprietary fire resistant building materials.
Patented, non-combustible, non-toxic Pyrotite formulation is used to coat
wood panels and has potential application to engineered wood products,
paint, plastics, and expanded polystyrene. Award-winning BlazeguardŽ wood
panels exceed International Building Code requirements in every targeted
fire test and application, and uniquely combine properties that increase
panel strength and minimize environmental and human impact. Users include
top US homebuilders: Centex, D.R. Horton (DHI), KB Home (KBH), and Lennar
(LEN). Lowe's Companies is also a distributor. In April, Barrier announced
the acquisition of the Pyrotite technology, for which it had previously held
an exclusive US license.
IBTGF has reported sales volume for the period of July - September, 2005 of
1,651,400 sq.ft., a 36.9 percent increase over the same period the previous
year. Sales revenue was $1,344,145 (US), a $274,235 gain from last year's
first fiscal quarter total of $1,069,910. Commercial modular sales revenue
was up 121 percent from the same period in the pervious year and accounted
for 51.5 percent of first quarter sales volume.
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