March 9, 2004
International Barrier Engages Evergreen Engineering to Optimize Production Line as Product Demand Grows
Watkins, MN, Vancouver, BC, March 9, 2004 - International Barrier Technology Inc. ("Barrier") (IBTGF: OTCBB; IBH: TSX-V), a manufacturer and marketer of fire resistant building materials, has engaged Evergreen Engineering, Inc. to help achieve production line improvements. Evergreen Engineering, Inc. was started in 1985 with a focus on the forest products industry and has served some of the largest companies in the industry, including Weyerhaeuser, Louisiana-Pacific, and Georgia Pacific.
Barrier's management is aiming to increase output and efficiencies in anticipation of a significant sales volume increase in calendar 2004. This anticipated growth is expected to result from the agreement with Mule-Hide Products Co., Inc., announced on December 16, 2003, and from other marketing and sales initiatives.
Evergreen also provides services to the semiconductor, chemical, metal, and other industries. Evergreen provides a broad range of process enhancement, engineering, and project management services encompassing civil/structural, mechanical, electrical, and chemical engineering disciplines. Evergreen is particularly focused on the North American market but has also performed work in international 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.
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.
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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.
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