SOURCE: Innovative Designs, Inc.

Innovative Designs, Inc.

June 16, 2010 11:31 ET

Innovative Designs, Inc. Revenues Continue to Trend Upward

PITTSBURGH, PA--(Marketwire - June 16, 2010) -  Innovative Designs, Inc. (OTCBB: IVDN) revenues for the six month period ending April 30, 2010 showed an increase of approximately 16% over the comparable period in 2009. For the three month period ending April 30, 2010, revenues showed an increase of approximately 105%. The increase can be partly attributed to the introduction of Arctic Armor® into the Alaskan market and the realization that the product can also be used for other purposes than ice fishing. Joseph Riccelli, CEO, commented, "Innovative Designs revenue comp increases continue into the summer. Indications from our sales force point toward a successful fall and winter season. Early booking orders are coming due next month which will give us a better read on our inventory position going forward."

The Company

Innovative Designs, Inc. manufactures the Arctic Armor® Line, hunting apparel, swimwear, wind shirts, jackets, and the multi-function "All in One" under the "i.d.i.gear" label featuring INSULTEX®. INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.com.

Disclaimer

Certain statements in this press release constitute "forward-looking" statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company's SEC filings available at http://www.sec.gov

Contact Information

  • Contact Name
    Joseph Riccelli
    CEO
    Contact Phone Number - (P) 412-799-0350