WATKINS, MN--(Marketwire - January 28, 2011) - International Barrier Technology Inc. ("Barrier") (
Sales volume of shipments of Barrier products for the fiscal year-to-date period July 2010 - December 2010 was 3,528,200 sq. ft. This is an increase of 57% over the 2,245,700 sq. ft. that was shipped during the first two quarters in the previous fiscal year (Jul-Dec 09). Sales into the Residential Roof Deck/Wall Assembly/Structural Insulated Panel Market increased by 195% during the reporting period and shipments into the Commercial Modular Market grew by 28%. Shipment volumes for the month ending December 31, 2010 were 523,400 sq. ft. vs. the 443,300 sq. ft. shipped during December 2009 (18% increase).
Barrier continues to see substantial growth in year over year sales results. Barrier's President and CEO, Dr. Michael Huddy, attributes that growth to both the strong private label partnerships that continue to expand market share and the general impression that the overall building industry is gradually starting the recovery process.
About International Barrier Technology Inc.
International Barrier Technology Inc. (
INTERNATIONAL BARRIER TECHNOLOGY INC.
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Michael D. Huddy
President, Director
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For more information please visit:
www.intlbarrier.com
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:
Tom Corcoran
Investor Relations Manager
International Barrier Technology
(866) 735-3519