SOURCE: International Barrier Technology

April 16, 2007 09:15 ET

International Barrier Technology Revenue Growth in Commercial Modular Sector up 85% for the Quarter Ending March 31, 2007

WATKINS, MN and VANCOUVER, BC -- (MARKET WIRE) -- April 16, 2007 -- International Barrier Technology Inc. ("Barrier") (OTCBB: IBTGF) (TSX-V: IBH), a manufacturer of proprietary fire resistant building materials, is pleased to report record quarterly sales revenue and sales volume shipped into the Commercial Modular Industry. For the quarter ending March 31, 2007, Barrier shipped 1,642,800 sq. ft. of Blazeguard products into the building industry. Of the total sq. ft. shipped, a new quarterly record of 1,315,800 sq. ft. was shipped into the commercial modular sector. This record volume led to modular revenue of $441,684, an increase of 85% for the quarter ending March 31, 2007.

The continued softness in the residential housing industry is reflected in a decline in Blazeguard sales into the residential roof deck market for the quarter. However, total sales volume year-to-date is still up 17% to 6,586,500 sq. ft. Sales revenue year-to-date is $4,715,140, slightly lower than the $4,780,633 reported during the same time frame last year. Our top-line revenue has been negatively impacted by a pass through commodity, sheathing cost. Due to lack of demand in the housing market for past six to nine months, sheathing prices have been at historical lows.

As the residential market slowly begins to recover and the commercial modular remains strong, Barrier is well positioned to continue on its path to growth and profitability. Dutton and Associates recently issued an independent research report covering International Barrier Technology. To view the report and rating assigned to IBTGF, please visit our website, www.intlbarrier.com and select "Investors, Investment Analysis."

About International Barrier Technology Inc.

International Barrier Technology Inc. (OTCBB: IBTGF) (TSX-V: IBH) develops, manufactures, and markets proprietary fire resistant building materials branded as Blazeguard®. Barrier's award-winning Blazeguard® 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. Blazeguard® provides Barrier's customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. Blazeguard® customers include many of the top multifamily homebuilders, and commercial modular building manufacturers in the United States.

INTERNATIONAL BARRIER TECHNOLOGY INC.

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.

Forward-Looking Information: The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including but not limited to the ability to generate and secure product sales. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.

Contact Information


  • Contact:
    Melissa McElwee
    Investor Relations Manager
    International Barrier Technology
    (866) 735-3519
    Email Contact

    For more information please visit:
    www.intlbarrier.com