WATKINS, MN and VANCOUVER, BC -- (MARKET WIRE) -- May 14, 2007 -- International Barrier
Technology Inc. ("Barrier") (
OTCBB:
IBTGF) (
TSX-V:
IBH), a manufacturer of
proprietary fire-resistant building materials, is pleased to report growth
of 20% in overall Blazeguard shipments for the month of April. For the
month ending April 30, 2007 Barrier shipped 783,008 sq.ft. of Blazeguard
products into the building industry, generating $503,937 in sales revenue.
Sales revenue directly from the commercial modular sector increased 291% to
$227,983, while volume shipped was up 272%.
Total sales volume shipped year-to-date is 17% higher at 7,369,500 sq.ft.
than in the previous year. Double digit growth continues. "The inventory
of unsold homes in key sales territories for Blazeguard, particularly
Florida, remains an impediment to meeting sales targets in the multifamily
roof deck sector," states Dr. Michael Huddy, CEO. "Fortunately, our
diversification into the commercial modular sector is enabling us to
continue to grow in sales volume. Having continued success in the
commercial modular sector says volumes about the importance of
diversification in products and markets. Barrier's success in growing
market share in current geographies, as well as the developing markets of
the Midwestern US, southern California, and Texas, is helping to position
us to emerge from this cyclical slow-down in a strong position to grow and
prosper."
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 many of
the top multifamily homebuilders, and commercial modular building
manufacturers in the United States.
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: Melissa McElwee
Investor Relations Manager
International Barrier Technology
(866) 735-3519
Email Contact
For more information please visit:
www.intlbarrier.com