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Prospector
Profile
1019-06
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| International Barrier Technology Corp. |
NAICS |
325998 |
| 750 West Pender Street #604
Vancouver, British Columbia, Canada V6C 2T7 |
Description |
Fire Retardant Chemicals |
| (604) 689-0188 |
Employees |
19 |
| http://www.intlbarrier.com/ |
Revenue |
(mil) |
6.1300 |
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Income |
(mil) |
-0.4910 |
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Assets |
(mil) |
5.8870 |
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Liability |
(mil) |
1.2530 |
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(for the year ended 2007-06-30) |
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Category:
Loss/Deficit
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Event:
International Barrier Technology Corp. incurred a net loss of $491,023 on revenues of $6,130,226 for the year ended June 30, 2007, much higher than the $211,724 net loss on $6,604,434 in revenues reported during the previous fiscal year. The Company's balance sheet showed an accumulated deficit of $11,400,084.
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Intellectual Property:
Pursuant to an agreement for sale of technology dated 3/1/2004, between the Company and Pyrotite Corporation, the Company acquired the rights to certain fire retardant technology and trademarks for $1,000,000. Barrier utilizes patented manufacturing technology, as well as manufacturing know-how and trade secrets that have been developed and are closely protected by Barrier. The manufacturing process for the BlazeguardŽ product is protected by patents, licenses, contracts for sale and trade secrets in the production process. [SEC Filing 10-KSB 09-28-07]
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Description:
The Company develops, manufactures, and markets proprietary fire resistant building materials designed to help protect people and property from the destruction of fire.
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Officers:
David J. Corcoran (CEO & Dir.); Michael D. Huddy (Pres., CEO & Dir.); Lindsey Nauen (Sec.); Craig Roberts (Dir.); Victor A. Yates (Dir.)
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Auditor:
Amisano Hanson
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Securities:
Common Stock-Symbol IBTGF.OB; OTC BB;
29,414,925 common shares outstanding as of September 15, 2007.
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