International Barrier Technology -- Fire-Resistant Building Materials Company -- Reports Fiscal Year Revenue of $5,995,010 and Record Sales Volume of 13,243,741 sq. ft. for YE June 30, 2013
(firmenpresse) - WATKINS, MN -- (Marketwired) -- 07/25/13 -- International Barrier Technology Inc. ("Barrier") (OTCBB: IBTGF) (TSX VENTURE: IBH), a manufacturer of proprietary fire-resistant building materials, is pleased to report record sales volumes for the month, the quarter and the fiscal year ending June 30, 2013.
Record monthly shipments of 1,873,112 sq. ft. were realized during the month of June, a 151% increase over the 747,700 sq. ft. shipped in June 2012. Record Q4 shipments were achieved as 5,161,600 sq. ft. shipped Apr-Jun 2013 a 104% increase in comparison to 2,531,100 sq. ft. during the same quarterly period last year. Residential Roof Deck/Wall Assembly/Structural Insulated Panel markets represented 70% and the Commercial Modular market represented 30% of total quarterly shipments.
Record sales volume of 13,243,741 sq. ft. was shipped for the fiscal year ending June 30, 2013. This was an increase of 37% from the 9,687,029 sq. ft. shipped in Fiscal 2012. Residential Roof Deck/Wall Assembly/Structural Insulated Panel market business grew by 51% year over year and represented 71% of total Barrier shipments. The Commercial Modular market was up 11% year over year and represented 29% of total shipments.
Monthly sales revenue grew 142%; quarterly sales revenue increased 136%; and fiscal year sales revenue for the period ending June 30, 2013 was up 45% from $4,144,806 to $5,995,010 over the comparable periods last year. Fiscal year revenue generated from Residential Roof Deck/Wall Assembly/Structural Insulated Panel markets rose 54% and revenue from the Commercial Modular market inclined 7%.
"Barrier is pleased by our overall improvement in sales volume as measured by both product shipped and revenue," reports Dr. Michael Huddy, Barrier CEO and Director. "The majority of our increases in year to year business occurred in the final six months of the fiscal year ending June 30, 2013. We expect to see continued growth over the next six months as fire-rated wall assemblies utilizing our proprietary technology gain increasing attention and acceptance within the building community."
International Barrier Technology Inc. (OTCBB: IBTGF) (TSX VENTURE: IBH) develops, manufactures, and markets proprietary fire-resistant building materials branded as LP® FlameBlock® Fire-Rated OSB Sheathing and Mule-Hide FR Deck Panel. Barrier's award-winning fire-resistant wood panels use a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water in the heat of fire. The panels exceed "model" 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. Barrier's family of products provides customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. For more information please visit: .
______________________
Michael D. 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.
Melissa McElwee
CFO
International Barrier Technology
(800) 638-4570
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Datum: 25.07.2013 - 07:00 Uhr
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News-ID 1248773
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