January 10, 2006
Fire Resistant Building Materials Company Reports Record Monthly and Quarterly Sales Volume for December, 2005
Year to Date Sales at ''All Time High'' of US $2,953,898
WATKINS, Minn. & VANCOUVER, BC, Jan. 10, 2006 - International Barrier Technology Inc. ("Barrier") (OTCBB: IBTGF; TSXV: IBH), a manufacturer of proprietary fire resistant building materials, is pleased to report a record for monthly and quarterly sales on shipments completed in December 2005. Six hundred ninety three thousand, seven hundred sq. ft. (693,700) of Blazeguard products were shipped in the month of December. One million eight hundred twenty thousand, two hundred sq. ft. (1,820,200) of Blazeguard products were shipped for the quarter ending December 31, 2005. The previous monthly record of 687,500 sq. ft. was attained just last month, November 2005. The previous quarterly record of 1,651,400 sq. ft. was attained with the quarter ending September 30, 2005. December 2005 sales volumes were 35% higher than December 2004 sales of 513,400 sq. ft. Sales volumes for the quarter ending December 31, 2005 were 41% higher than the 1,290,600 sq. ft. shipped for the quarter ending December 31, 2004.
Fiscal year to date sales revenue has increased to $2,953,898 an increase of 40%, from 2004.
"Historically, December has not been known as a stellar month for shipments. Typically, distributors are beginning to prepare for calendar year-end physical inventories and winter weather has already begun to disrupt building in some areas of the US," reports Michael Huddy, Ph.D., International Barrier's President and CEO. "Increased December sales are completely a reflection of increased market share in both the multifamily residential market as well as the commercial modular market we service through MuleHide Products, Inc. Distributors and builders are continuing to buy because the product is needed for an increased number of projects and applications. The fact that sales have continued to grow in this time period is a good indication of the potential for continued growth through 2006 and beyond."
"Our focus for 2006 remains on the successful start-up of the new production line in Watkins, MN and on continued growth in sales of Blazeguard," explains Dr. Huddy. Expanding Blazeguard sales into the priority geographies of the mid-west, California, and Texas, has been facilitated by the publication of the International Code Congress Evaluation Services Report which sanctions the use of Blazeguard wherever the International Building Code is used.
"The new production line, anticipated to be producing commercially early in 2006, will not only increase capacity threefold, it will create product features better suited for a variety of new products and market applications," explains Dr. Huddy. "The new line and production technology it represents will provide an appropriate prototype for potential licensing partners who may be interested in pursuing manufacturing opportunities for the Pyrotite technology." Barrier expects to successfully introduce new products and market applications in 2006, following the example and success of the MuleHide Products partnership in commercial modular sales which began in 2004.
About International Barrier Technology Inc.
International Barrier Technology Inc. (OTCBB: IBTGF; TSX VENTURE: 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.
David J. Corcoran
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.
International Barrier Technology
1-866-735-3519, (320) 764-5797
Source: International Barrier Technology
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