WATKINS, MN and VANCOUVER, BC -- (MARKET WIRE) -- December 13, 2006 -- International Barrier
Technology Inc. ("Barrier") (
OTCBB:
IBTGF) (
TSX-V:
IBH), a manufacturer of
proprietary fire resistant building materials, is pleased to report record
year to date sales revenue and sales volume shipped. Four million, three
hundred ten thousand, nine hundred sq. ft. (4,310,900) of Blazeguard
products have been shipped year to date. This is an increase of 55% from
the 2,777,900 shipped during the same period last year. Shipments for the
month of November were 742,700 sq. ft., up from the 687,500 shipped in
November 2005.
Year to date sales revenue increased 33% from $2,385,476 to $3,178,579.
During this period sheathing costs, which are a pass through commodity,
continue near all-time lows. This kept top-line sales revenue lower that
what it could have been had sheathing prices been at or above average
historical prices.
Sales volumes into the residential roof deck market grew 82% to 2,518,000
sq. ft. during this time and commercial modular sales rose 28% to 1,777,900
sq. ft.
"The additional production from the new manufacturing line has enabled
Barrier to meet the increased demand for our products and helped to reduce
lead times for shipment," states Dr. Michael Huddy, President. "While
regional inventory adjustments in some townhome markets will impact the
rate of sales over the winter months, steadily increasing commercial
modular sales will set the stage for continued strength in overall sales
volume."
About International Barrier Technology Inc.
International Barrier Technology Inc. (
OTCBB:
IBTGF) (
TSX-V:
IBH) develops,
manufactures, and markets proprietary fire resistant building materials
branded as Blazeguard®. Barrier's award-winning Blazeguard® wood panels
use a patented, non-toxic, non-combustible coating with an extraordinary
capability: it releases water in the heat of fire. The panels exceed
"model" building code requirements in every targeted fire test and
application, and are unique in combining properties that increase panel
strength and minimize environmental and human impact. Blazeguard®
provides Barrier's customers a premium material choice meeting an
increasingly challenging combination of requirements in residential and
commercial building construction. Blazeguard® customers include four of
the five top US homebuilders.
INTERNATIONAL BARRIER TECHNOLOGY INC.
Michael D. Huddy
President, Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS
RELEASE.
Forward-Looking Information: The statements in this news release contain
forward-looking information within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve
certain risks, assumptions and uncertainties, including but not limited to
the ability to generate and secure product sales. In each case actual
results may differ materially from such forward-looking statements. The
company does not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that any
projected results (expressed or modified) will not be realized.
Contact Information: Contact:
Melissa McElwee
Investor Relations Manager
International Barrier Technology
(866) 735-3519
Email Contact
For more information please visit:
www.intlbarrier.com