iFabric Corp.
TSX VENTURE : IFA

April 16, 2015 08:30 ET

iFabric Corp. Signs Exclusive Agreement With Seal Shield for Plastics Industry

MARKHAM, ONTARIO--(Marketwired - April 16, 2015) - 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 entered into a strategic distribution and marketing agreement with Seal Shield, LLC ("Seal Shield"). The agreement provides Seal Shied with the exclusive use of antimicrobial formulations supplied by IFTNA, for integration into their numerous polymer and elastomer product offerings.

"With their portfolio of blue chip customers and dynamic sales force, Seal Shield is the ideal partner to establish the market for IFTNA's antimicrobial formulations, for the plastics industry. These formulations will become Seal Shield's product of choice, for integration in a variety of plastic and silicone products for commercial, home and medical markets," said Giancarlo Beevis, President and CEO of IFTNA.

"Seal Shield and IFTNA have the common goal of providing products that eliminate bacterial cross contamination across all sectors of the community, as a tool for breaking the chain of infection with regard to an ever increasing problem that society is faced with. Additionally, the agreement with Seal Shield also provides IFTNA with indirect access to a further large market opportunity in the plastics arena. We are extremely excited about the prospects of building this area of business with Seal Shield," concluded Mr. Beevis.

"Seal Shield is excited to offer IFTNA's line of EPA registered antimicrobial solutions. These solutions offer the highest efficacy we have seen in an antimicrobial additive and give Seal Shield and our clients a superior product for improved infection control," stated Seal Shield CEO Brad Whitchurch.

ABOUT SEAL SHIELD, LLC (www.sealshield.com)

Headquartered in Jacksonville, Florida, Seal Shield's mission is to further the implementation and use of effective infection control products and protocols with the result of eliminating cross contamination infections in healthcare, the workplace and the home. Seal Shield has spent the past decade devoted towards the development of new infection control products and procedures to provide cost effective solutions for the deadly problem of cross contamination infections.

The Seal Shield patent pending waterproof technology is employed in numerous electronic products including keyboards, mice, TV remote controls, and other common touch devices. Additionally, Seal Shield's products contain antimicrobial, fungistatic additives which protect the products from mold, mildew as well as the spread of microbial bacteria and viruses on the products' surfaces. The result of this combination of technologies are products which are fully washable and antimicrobial.

In its continuing efforts to expand the development of infection control technologies, Seal Shield has invested in a new, state of the art, antimicrobial test lab, located in Seattle, WA, the first of its kind. Seal Shield's in-house microbiologists are able to confirm the effectiveness of varied antibacterial and antiviral agents against known pathogens. This allows Seal Shield to customize solutions for its partners, and to provide the latest and best products for infection control.

ABOUT iFABRIC CORP.:

Headquartered in Markham, Ontario, iFabric Corp. (www.ifabriccorp.com) currently has 25.89 million shares issued and outstanding.

iFabric has two strategic divisions which are managed separately as they offer different products and services:

Intelligent Fabric Technologies (North America) Inc. is focused on proprietary chemical formulations that render fabrics, foams and numerous other surfaces intelligent, thereby improving the safety and well-being of the consumer.

Coconut Grove Intimates is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products, accessories and sleepwear.

FORWARD-LOOKING STATEMENTS

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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