January 13, 2004
International Barrier Technology Inc. (the "Company") engaged ECON Investor Relations Inc. ("ECON")
Watkins, MN, Vancouver, BC, January 13, 2004 - International Barrier Technology Inc. (the "Company") engaged ECON Investor Relations Inc. ("ECON") May 1, 2003 to provide corporate communication, planning, and strategic financial public relations services. The consideration the Company had agreed to pay ECON was $3,000 per month plus expenses and the grant of stock options in the amount of up to 100,000 shares exercisable at $0.26 per share for a period of two years. This agreement is month to month with a term of one year. ECON and the Company have now agreed, subject to Exchange acceptance, that the Company will, commencing January, 2004 pay ECON a fee of $9,250 a month plus expenses and grant additional stock options of up to 120,000 shares exercisable at $0.80 per share for a period of two years for its services.
Ms. Dawn Van Zant is the founder and principal of ECON and www.investorideas.com. She has an extensive background in the investment industry spanning over 24 years. With over ten years trading experience including several years as a retail broker & several years of in-house public and investor relations expertise, Ms. Van Zant founded ECON in 1996. ECON is a unique public and investor relations media and research firm. It created the Investor Research Portal InvestorIdeas.com.
ECON has previously provided investor relations services to the Company from February 2000 to February 2001.
ECON works with Bernie Hertel, the Company's manager of corporate communications. Mr. Hertel was employed by the Company in March, 2003 to re-establish and direct the Company's corporate communication efforts. The Company granted him 200,000 stock options exercisable at $0.10 per share for a period of two years. In May 2003 the Company entered into an aagreement to pay him $3,000 per month in addition to the stock option. The agreement is month-to-month. Mr. Hertel received his Bachelor of Commerce from the University of British Columbia in 1986. After working with a consulting firm focused on business development of small businesses, Mr. Hertel became self-employed. He provides services in business plan development and corporate communications. He has provided services to a small cap investment newsletter and worked in a range of sectors including technology, biotechnology, and industrial markets.
About International Barrier Technology Inc.
International Barrier Technology, Inc. develops, manufactures, and markets proprietary fire resistant building materials branded as Blazeguard®. The award-winning Blazeguard wood panel uses a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water when exposed to the heat of fire. The panels exceed International 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 customers include Centex, D.R. Horton, KB Home, and Lennar. Lowe's Companies and Stock Building Supply are Blazeguard distributors.
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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