iFabric Corp.

April 08, 2014 08:30 ET

iFabric Corp. Expands Global Supply Chain

MARKHAM, ONTARIO--(Marketwired - April 8, 2014) - iFabric Corp. (TSX VENTURE:IFA), hereinafter referred to as "iFabric" or the "Company", today announced that its wholly-owned subsidiary company, Intelligent Fabric Technologies (North America) Inc. ("IFTNA"), has established two key supply centers in Asia (namely China & Taiwan).

"This will allow IFTNA to support the ever increasing demand for our products and keep inventory closer to the large manufacturing hubs of our current and future customers. In addition to the supply facilities we now have technical support specialists in Asia to provide guidance and support in the application of our products," stated Mr. Hylton Karon, President and CEO.

"We are extremely encouraged by the progress we are making with existing customers as well as interest from potential new customers for intelligent compounds and products," added Mr. Karon.

Intelligent Fabric Technologies (North America) Inc. markets a wide range of products focused on the improved safety and well-being of the wearer and user of fabrics across a wide range of market segments including medical, health care, sports and athletic, military, consumer and corporate apparel, bedding, linens and other market categories.



iFABRIC CORP currently has 25.87 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.

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