Under Industrial Nanotech’s Shareholder Finder’s Fee Program, shareholders will receive 5% of the first purchase by a referred customer and 2.5% on subsequent purchases.
Burchill pointed out that the average market benchmark for finder’s fees is 2.5% with no residual. In this instance,
The rationale for paying a finder’s fee is that without the “finder” or “lead,” the parties would never have been introduced and the business transaction wouldn’t have taken place. The finder is compensated in much the same way that a commission is paid to other types of intermediaries between buyers and sellers.
The company’s stock buyback program also commences today. The stock buyback program will allow
“As we move forward, we are raising our expectations for higher revenues and profits,” Burchill said. “Our purpose and strategy are clear. We are intensely forward focused on doubling our revenue in the second quarter of fiscal 2022 and repeating that pattern in Q3 and Q4 of 2022. 2022 is the year of turning revenue opportunities into revenues realized. Although we are experiencing substantial growth, we believe this is only the beginning of a significant revenue burst over the next several years.”
Shareholders can email referrals to: iownintk@industrial-nanotech.com
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise/update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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