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  September 5, 2001
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Home > Company Index > Materials & Construction > Miscellaneous Building Materials > International Hi-Tech Industries, Inc.

International Hi-Tech Industries, Inc.
OTC: IHITF
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 PROFILE
International Hi-Tech Industries wants its steel-framed panel technology to become a family affair. The company has developed a way to make panels of steel-reinforced concrete and rigid foam insulation that have internal and external faces that are pre-serviced with electrical, plumbing, and mechanical systems. The panels can be assembled to produce a residential home (the company's primary market) in as little as 100 hours. On a lesser scale, the company also plans to build commercial and industrial buildings. Still in the commercialization stage, the company derives its revenues from licensing fees paid by joint venture partners. Founder and CEO Roger Rached and his family controls 49% of the company.

 COMPETITION
American Buildings Company (dossier)
Smith-Midland Corporation (SMID)
Specialty Products & Insulation Co. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.10
1-Yr. Sales Growth: (89.3)%
Employees: 30
Revenue per employee: $3,333.33

 KEY PEOPLE
• Roger A. Rached
    CEO
• Rene Abi-Rached
    CFO

 CONTACT INFO
1096 W. 10th Ave.
Vancouver British Columbia V6H 1H8, Canada
Phone: 1-604-733-5400
Fax: 1-604-734-8300
Online: Web Site

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