iFabric Corp.

November 06, 2014 08:30 ET

iFabric Corp Announces New Proprietary Formulation and Appoints New Director

MARKHAM, ONTARIO--(Marketwired - Nov. 6, 2014) - iFabric Corp (TSX VENTURE:IFA), hereinafter referred to as "iFabric" or the "Company", today announced the development of a new proprietary formulation which combines its class leading anti-bacterial technology (ProTx2) with the most advanced odour absorbing compound (FreshTx). "This innovation provides the apparel and footwear markets with a technology that allows for extended wear without the usual odour that is normally associated with perspiration saturated garments. Our test results show imperceptible odour even after extended wear," said Hylton Karon President and CEO of iFabric.

"Customer trials utilizing this new formulation are already well underway with sales anticipated to commence early in 2015," added Mr. Karon.

"I also take great pleasure in announcing the appointment of Mr. Giancarlo Beevis, to the Board of Directors" said Mr. Karon. "Mr. Beevis has been with our intelligent fabrics division since its inception five years ago and was recently appointed as the President of this division. Mr. Beevis has been instrumental in developing key customer relationships for this division. In addition, he is the spearhead for the division's regulatory applications and obtaining our EPA ("Environmental Protection Agency") registrations," he concluded.


iFABRIC CORP www.ifabriccorp.com currently has 25.2 million shares issued and outstanding. iFABRIC is a manufacturer, distributor, licensor and licensee of ladies intimate apparel products and accessories as well proprietary chemical compounds that render fabrics intelligent, thereby improving the safety and well-being of the wearer.


Forward-looking statements provide an opinion as to the effect of certain events and trends on the business. Certain statements contained in this news release constitute forward looking statements. The use of any words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Forward-looking information includes, but is not limited to, statements with respect to the development potential of the Company's products.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Readers are cautioned not to place undue reliance on these statements as the Company's actual results, performance, or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that forward-looking statements will materialize. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason except as required by applicable securities laws.

Any financial outlook or future oriented financial information in this news release, as defined by applicable securities legislation, has been approved by management of iFabric. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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