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[QUOTE]Originally posted by osubucks30: [QB] News out today. Broke an all time record for most product shipped in one month. Great NEWS!! [b]Fire Resistant Building Materials Company Reports Record Monthly Sales Volume for November, 2005; November Sales at ''All Time High'' of US $625,458 [/b] WATKINS, Minn. & VANCOUVER, B.C., Dec 14, 2005 (BUSINESS WIRE) -- International Barrier Technology Inc. ("Barrier") (OTCBB:IBTGF) (TSX VENTURE:IBH), a manufacturer of proprietary fire resistant building materials, is pleased to report a record for monthly sales on shipments completed in November 2005. Six hundred eighty seven thousand, five hundred sq. ft. (687,500) of Blazeguard products were shipped in the month of November. The previous record of 606,800 sq.ft. was attained in June, 2004. November 2005 sales volumes were 34 percent higher than November 2004 sales of 513,200 sq.ft. Year to date fiscal year (July 1 through November 30, 2005), sales volume has increased to 2,777,900 sq.ft. from 1,983,500 sq.ft. in 2004, an improvement of 40 percent. November sales revenue was also at an all time high of US $625,458. Fiscal year to date sales revenue has increased to $2,384,440, an increase of 41.5 percent, from 2004. "Historically, November 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 November 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. [/QB][/QUOTE]
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