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[QUOTE]Originally posted by osubucks30: [QB] [b]International Barrier Technology - Fire Resistant Building Materials Company Reports Record July Revenue of $730,368 US; Sales Growth Continues to be Realized in Multifamily Residential Markets and the Commercial Modular Market[/b] WATKINS, Minn. & VANCOUVER, British Columbia, Aug 15, 2006 (BUSINESS WIRE) -- International Barrier Technology Inc. ("Barrier") (IBTGF)(TSXV:IBH), a manufacturer of proprietary fire resistant building materials, is pleased to report record July revenue and July shipments. The sales revenue of $730,368 attained in July 2006 was 43% higher relative to the 2005 revenue of $511,488. This revenue record is a direct result of the shipment of seven hundred-three thousand, two hundred (703,200) sq.ft. of Blazeguard products in July. Barrier surpassed the previous July 2005 shipment record of 486,400 sq.ft. by 45%. The sales growth continues to be realized in both multifamily residential markets as well as the commercial modular market. Blazeguard(R) sales volumes into Florida, have increased to 250,000 square feet, an increase of 42% over the 176,200 square feet shipped there during the same month in 2005. Commercial modular sales to Mule-Hide increased 31% from 207,900 to 270,200 square feet. The existing markets were supplemented with growth in the Midwest region with sales volumes of 64,900 in the multifamily residential market. Sales orders continue to outpace last year's rate at record levels. "Barrier continues to develop momentum and strength in sales to townhome development markets," states Dr. Michael Huddy, President and CEO. "While an increasing percentage of production for these markets has begun to be produced on Barrier's new, high speed production line, we anticipate continued improvement in capacity and efficiency. Improvements which over the coming months will further accelerate sales volume growth and increases in bottom line performance." [/QB][/QUOTE]
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