This is a GOOD long term hold!IMO
Check out the companies web site. http://www.intlbarrier.com/home.html
Any opinions?
[This message has been edited by osubucks30 (edited September 14, 2004).]
Four of the top Five US homebuilders (total revenues of US$30 Billion). Including Centex (NYSE CTX) are using their product in multifamily dwelling contruction.
http://www.intlbarrier.com/pdf/CorporateProfileAugust2004.pdf
------------------
Dog
[This message has been edited by L Cypher (edited September 15, 2004).]
[This message has been edited by osubucks30 (edited September 15, 2004).]
International Barrier Reports Dramatic Increase in Sales Volume
9/23/2004 8:00:18 AM
July-August Sales are the Best Fiscal Year Start in Corporate History
WATKINS, Minn. & VANCOUVER, B.C., Sep 23, 2004 (PRIMEZONE via COMTEX) -- International Barrier Technology Inc. ("Barrier") ( IBTGF ) (TSX Venture Exchange:IBH), a manufacturer of proprietary fire resistant building materials, has reported sales volume for the period of July-August, 2004 of 800,700 sq.ft., a 175-percent increase over the same period of the previous year. Sales revenue was $682,700, a $431,500 gain from last year's two-month total.
"Barrier is extremely pleased with the success of the Mule-Hide commercial modular product introduction," said Michael Huddy, International Barrier's President. "Mule-Hide and its distribution affiliate, ABC Supply, Inc., continue to aggressively promote the new, UL-listed Class A and Class C roof deck assemblies and systematically add new manufacturing customers to the group of facilities utilizing the Blazeguard based system. With each new manufacturing company converted to the Blazeguard based system, Barrier is presented with a long-term, consistent customer helping to not only increase sales volume but to provide consistency in month to month business."
Mule-Hide business accounted for approximately 29 percent of the July - August, 2004 sales volume, growing from zero sales the previous year and since the product launch initiated in January, 2004. Sales from Barrier's traditional markets, including Blazeguard sales for multi-family roof deck construction projects to builders such as Centex, US Home, and DR Horton, have also improved dramatically. Sales to markets other than the Mule-Hide system nearly doubled in the reported two month period, year to year.
With these sales volumes, the company is positioned to achieve consistent profitability. Positive cash flow is expected to help fund building and production line improvements that have been initiated to enable production capacity to meet increasing demand as well as improve efficiency and gross and net profit margins.
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).
quote:
Originally posted by Leardron:
Another nice start today. I like it.
Kind of hitting a lull right now but I like the slow and steady increase. Rather have that than the 50% bounce up in one day and then the plunge like usually happens.
International Barrier Reports Highest-Ever Q1 (2005) Revenue and Sales Volume
WATKINS, Minn. and VANCOUVER, British Columbia, Oct 07, 2004 (PRIMEZONE via COMTEX) -- International Barrier Technology Inc. ("Barrier") (OTCBB:IBTGF) (TSX Venture Exchange:IBH), a manufacturer of proprietary fire resistant building materials, is pleased to report record first quarter (July-August-September 2004) sales revenue of $1,071,594 (US), representing a 162% increase over the previous year's, and the highest first-quarter results in Barrier's corporate history.
"The latest sales figures confirm that Blazeguard(r) is being accepted by an industry increasingly concerned with losses due to fire," says Barrier's President Michael Huddy. "We feel our increasing market penetration in the multifamily residential roof deck markets and in the commercial roof deck markets shall result in exponential growth in our sales and income."
Production volume set an all-time first quarter record amounting to 1,206,300 sq. feet. Barrier's traditional markets, including Blazeguard(r) sales for multi-family roof deck construction projects to builders such as Centex, US Home, and DR Horton, improved dramatically, nearly doubling over the same period last year. Mule-Hide business accounted for approximately 32 percent of sales volume, growing from zero the previous year since the product launch initiated in January.
"Barrier is extremely pleased with the success of the Mule-Hide commercial modular product introduction," reports Michael Huddy.
Mule-Hide Products Co., and its distribution affiliate, ABC Supply, Inc., continue to aggressively promote the new, UL-listed 'Class A' and 'Class C' roof-deck assemblies, and systematically add new manufacturers to the facilities utilizing the Blazeguard(r) system. With each additional manufacturing company converted to the Blazeguard(r) based system, Barrier is presented with a long-term customer providing both sales volume and consistent cash flow to the Company.
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 (NYSE:CTX), D.R. Horton (NYSE 
HI), KB Home (NYSE:KBH), and Lennar (NYSE:LEN). Lowe's Companies (NYSE:LOW), 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: "David J. Corcoran"
David J. Corcoran
CFO, 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.
For more information please visit: www.intlbarrier.com or www.*****************
[This message has been edited by osubucks30 (edited October 07, 2004).]
quote:
Originally posted by osubucks30:
Pretty low volume after a PR. Any reason?
I think most people where expecting this since they put a PR out at the end of September telling about their dramatic increase in sales. The stock went flying up then and adjusted back down. I don't think this news had as much impact because of that.
International Barrier to Break Ground for Expansion
WATKINS, Minn. and VANCOUVER, British Columbia, Oct 08, 2004 (PRIMEZONE via COMTEX) -- International Barrier Technology, Inc. ("Barrier") (OTCBB:IBTGF) (TSX Venture Exchange:IBH), a manufacturer of proprietary fire resistant building materials, will celebrate the expansion of the company's manufacturing facility with a groundbreaking ceremony, Wednesday, Oct. 13, 10 a.m.
The groundbreaking ceremony marks the beginning of an estimated $2.7 million expansion of Barrier's manufacturing facility that will include the addition of 15,000 sq. ft. to the existing facility as well as a new production line.
According to Michael Huddy, president and director of Barrier, "Our growth geographically and into new markets in recent months has created the necessity for us to double our capacity."
New products, such as Mule-Hide for commercial modular applications, as well as the addition of distribution into new markets in the western U.S. have resulted in a dramatic increase in sales volume for the company. Improvements to the Watkins facility will allow Barrier to further expand production capacity, increase efficiency and create a state-of-the-art facility.
"This expansion really signifies the beginning of a new chapter in our development as a business," says Michael Huddy. "The fact that we are moving forward with this expansion is a testimony to our success in creating products that are valued by our customers."
In addition to the physical expansion, Huddy estimates the company will increase their workforce by about 30% to handle additional manufacturing, sales and administrative needs.
Editor's Note: The media is welcome to attend the groundbreaking ceremony which will be held at International Barrier Technology, Inc., 510 4th Street, Watkins, Minnesota on the west side of the existing facility.
[This message has been edited by osubucks30 (edited October 22, 2004).]
[This message has been edited by osubucks30 (edited January 04, 2005).]