International Barrier Dramatic Increase in Sales

International Barrier reports sramatic increase in sales volume during July-August, prducing its best ever fiscal year start.

International Barrier Technology, a manufacturer of proprietary fire resistant building materials, has reported sales volume for the period of July - August, 2004 of 800,700 sq.ft., a 175 percent increase over the same period the previous year.

Sales revenue was $682,700 (US), a $431,500 gain from lasts year's two-month total.

"Barrier is extremely pleased with the success of the Mule-Hide commercial modular product introduction," said Michael Huddy, International Barrier's President.

"Mule-Hide and its distribution affiliate, ABC Supply, continue to aggressively promote the new, UL-listed Class A and Class C roof deck assemblies and systematically add new manufacturing customers to the group of facilities utilizing the Blazeguard based system.

With each new manufacturing company converted to the Blazeguard based system, Barrier is presented with a long-term, consistent customer helping to not only increase sales volume but to provide consistency in month to month business." Mule-Hide business accounted for approximately 29 percent of the July - August, 2004 sales volume, growing from zero sales the previous year and since the product launch initiated in January, 2004.

Sales from Barrier's traditional markets, including Blazeguard sales for multi-family roof deck construction projects to builders such as Centex, US Home, and DR Horton, have also improved dramatically.

Sales to markets other than the Mule-Hide system nearly doubled in the reported two month period, year to year.

With these sales volumes, the company is positioned to achieve consistent profitability.

Positive cash flow is expected to help fund building and production line improvements that have been initiated to enable production capacity to meet increasing demand as well as improve efficiency and gross and net profit margins.

Back to top