WATKINS, MN and VANCOUVER, BC--(Marketwire - January 16, 2009) - International Barrier
Technology Inc. ("Barrier") (
OTCBB:
IBTGF) (
TSX-V:
IBH), a manufacturer of
proprietary fire-resistant building materials, is pleased to release
year-to-date fiscal (July through December) and monthly revenue and sales
volumes results for the period ending December 31, 2008. Overall revenue
generated year-to-date is 17% higher at $2,711,196, vs. the $2,314,668
during the same period in 2007. Revenue into the Residential Roof Deck
Market grew 40% to $384,486 in comparison to $274,734 in 2007. Revenue
attributable to the Commercial Modular industry grew 5% to $987,036 (vs.
$941,925 year-to-date through December 31, 2007) and revenue from the
Structural Insulated Panel market was $17,606. Revenue for the month of
December 2008 was 6% higher at $254,010 than the $239,916 during the same
period in 2007.
Sales volume of shipments of Blazeguard products for the year-to-date
period July through December 2008 was 3,684,100 sq. ft. This is an
increase of 7% over the 3,438,500 sq. ft. that was shipped during the same
period last year. Residential Roof Deck sales were higher by 57% (880,400
sq. ft. vs. 561,700 sq. ft. year-to-date through December 31, 2008).
Commercial Modular shipments decreased slightly year over year to 2,758,800
sq. ft. vs. 2,814,500 sq. ft. Shipments into the Structural Insulated
Panel market for the six months were 44,800 sq. ft.
Shipment volumes for the month ending December 31, 2008 were 371,424 sq.
ft. This is an increase over the 359,900 sq. ft. that was shipped during
the same period one year ago. Commercial Modular shipments grew 19% to
313,300 sq. ft. vs. 262,300 sq. ft. shipped during the same month last
year. The demand in this market has remained steady. Shipments into the
Residential Roof Deck Market were 58,100 sq. ft. vs. 90,000 sq. ft.
"As we look forward to 2009, one main focus will be the California Wildfire
Zones," states President Michael Huddy. "Our first major project in a
California Wildfire Zone is well underway in Carmel Valley. Blazeguard
Fire-Rated Sheathing is being used as the exterior wall sheathing on the
entire structure. With our wide array of code reports, wildfire zone
listings, and a successful case study under our belt, we are excited at the
opportunity to market our products in a region where fire-resistance is so
vital."
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: Contact:
Melissa McElwee
Investor Relations Manager
International Barrier Technology
(866) 735-3519
For more information please visit:
www.intlbarrier.com