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[QUOTE]Originally posted by osubucks30: [QB] They continue to increase revenue! [b]International Barrier Technology - Fire Resistant Building Materials Company Reports Record Fiscal Year Revenue of US $6,610,801 and Sales Volume of 7,894,000 sq. ft. for YE June, 2006[/b] FRIDAY, JULY 07, 2006 9:15 AM - BusinessWire WATKINS, Minn. & VANCOUVER British Columbia, Jul 07, 2006 (BUSINESS WIRE) -- Record sales volumes as measured by sq. ft. of product shipped were also achieved. 7,894,000 sq. ft. of Barrier's proprietary Blazeguard(R) products were shipped in the fiscal year ending June 30, 2006. This volume represents an increase of 53% over the previous year and a record for year ending shipments. Record sales volumes were also achieved for the quarter ending June 30, 2006 as two million two hundred sixty-seven thousand, one hundred sq. ft. (2,267,100) of Blazeguard products were shipped. This volume surpassed the previous quarterly record of 2,155,400 sq. ft. which was achieved as recently as March 31, 2006. Sales growth has been realized in key multifamily residential markets as well as the commercial modular market. Blazeguard sales volumes into Florida have increased to 3,215,900 sq. ft., an increase of 62% over the 1,981,800 sq. ft. shipped there during fiscal year ending June 30, 2005. Commercial modular sales throughMule-Hide Products Inc. increased 66% from 2,010,100 to 3,334,200 sq ft. Sales orders continue to outpace last year's rate and current order backlogs are at all time highs. "Barrier is not experiencing any slowdown in activity for sales due to the softening of the real estate market in some regions of the US", states Dr. Michael Huddy, President and CEO. "Our continuing ability to increase market share by: adding new targeted sales geographies; create new product applications for our technology; and, by adding new builder customers in existing sales regions, will continue to help us grow significantly in the future. The fact that our new production line, being further implemented as we speak, is responsible for more and more of our manufactured volume and accounted for nearly 19% of our production volume for the month of June, 2006 insures that there is ample capacity for our growth in the near and mid-term." [/QB][/QUOTE]
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