Monday, June 14, 2004
International Barrier Achieves Growing Sales in the Mid-Atlantic as Centex Homes Expands its Use of Blazeguard® Fire Resistant Wood Panels
Watkins, MN, Vancouver, BC, June 14, 2004 - International Barrier Technology, Inc. ("Barrier") (IBTGF: OTCBB; IBH: TSXV), a manufacturer of proprietary fire resistant building materials, reports that Centex Homes has expanded its use of Barrier's Blazeguard® fire-rated roof sheathing. Centex Homes, a division of Centex Corporation (CTX), has been successfully using Blazeguard in townhome and condominium developments in Florida for over five years. Centex uses more Blazeguard in Florida than any other builder. Recently, Centex began to use Blazeguard in townhome developments in Virginia, providing a valuable new sales opportunity for Barrier and its Blazeguard product.
"Centex, one of the first major US homebuilders to begin using our fire resistant wood panels, is an important user of Blazeguard in Florida," said Mike Huddy, Barrier's president. "In Florida, Centex served as a critical catalyst by providing an example for other builders regarding the benefits of utilizing Blazeguard over alternative materials. Barrier expects local Blazeguard distributors in Virginia to successfully capitalize on Centex's lead and the sales efforts of our recently appointed independent manufacturer's representative, Joe Spagnolo, to achieve our goal of expanding sales in the mid-Atlantic region."
Centex Corporation is the nation's premier company in building and related services, with revenues exceeding $10 billion. Centex's home building operation, Centex Homes, consistently ranks among the largest multi-market, single-family home producers in the United States. Centex Homes is the only company to rank among the Top 10 U.S. homebuilders for 35 consecutive years, according to Professional Builder magazine. Centex Homes builds and sells homes in approximately 560 neighbourhoods serving more than 95 markets in 26 states.
Blazeguard® fire rated wood panels consist of a sheet of oriented strand board (OSB) or plywood combined with a thin coating of International Barrier's Pyrotite patented fire resistant formulation. A Blazeguard wood panel is able to achieve a Class A, structural flame spread rating (as measured by ASTM E-84 extended to 30 minutes) and its burn-through resistance (as measured by ASTM E-119) is nearly triple that of untreated wood panels. Blazeguard® is used in building applications where either a Class A flame spread or burn through resistance rating is required by building code, or where developers/builders generally desire a high quality, environmentally friendly, non-toxic product that delivers superior fire resistance and attributes such as mold and mildew resistance, structural strength and impact resistance.
Click here for more information about Blazeguard
About International Barrier Technology Inc.
International Barrier Technology, Inc. develops, manufactures, and markets proprietary fire resistant building materials. Its patented, non-combustible, non-toxic Pyrotite formulation has an extraordinary capability: it releases water when exposed to the heat of fire. Barrier's award-winning Blazeguard wood panels exceed International Building Code requirements in every targeted fire test and application, and uniquely combine properties that increase panel strength and minimize environmental and human impact. Blazeguard customers include Centex (CTX: NYSE), D.R. Horton (DHI: NYSE), KB Home (KBH: NYSE), and Lennar (LEN: NYSE). Lowe's Companies (LOW: NYSE), Stock Building Supply, and Mule-Hide Products Co., Inc. are Blazeguard distributors. Pyrotite has potential applications with engineered wood products, paint, plastics, and expanded polystyrene.
Barrier is part of the DJ Building Materials Index (US)
INTERNATIONAL BARRIER TECHNOLOGY INC.
Per: "MICHAEL 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.
International Barrier Technology Inc.
Richard Angle, 866-735-3519
ECON Investor Relations, Inc.
Peter Kletas, 866-948-0848
Source: International Barrier Technology Inc.
« back to news releases page