iFabric Corp.
TSX VENTURE : IFA

September 17, 2015 08:30 ET

iFabric Lists on the Toronto Stock Exchange and Announces New Products

MARKHAM, ONTARIO--(Marketwired - Sept. 17, 2015) - iFabric Corp. (TSX VENTURE:IFA), hereinafter referred to as "iFabric" or the "Company", is pleased to announce that it has received final approval from the Toronto Stock Exchange ("TSX") to list its common shares on the TSX. iFabric's shares will commence trading on the TSX on Friday, September 18, 2015 under the ticker symbol "IFA" and its shares will be delisted from the TSX Venture Exchange ("TSX-V") after the close of the TSX-V on September 17, 2015.

The Company is also pleased to announce the launch of its new website located at www.ifabriccorp.com, which will go live on the same day as its listing on the TSX. The new website will additionally include an updated investor presentation for the benefit of investors and other interested parties.

Listing on the TSX further coincides with the official market launch by its wholly-owned subsidiary company, Intelligent Fabric Technologies (North America) Inc. ("IFTNA"), of a number of additional proprietary textile technologies:

FreshTx

FreshTx is a state of the art odour-absorbing technology, which is easily infused into textile products. FreshTx offers permanent protection against odours without the need to use sprays or perfumes. FreshTx uses naturally-occurring elements for effective results that are non-toxic and safe. Extremely durable, once applied, FreshTx's properties are renewed with each wash, and is effective even when wet.

DryTx

DryTx is an advanced moisture-wicking technology that quickly draws moisture away from the skin and disperses perspiration across the fabric allowing for faster evaporation, thereby improving the performance of the garment and allowing the wearer to maintain an even body temperature. The main attributes of DryTx is its ability to:

  • Allow garments to wick moisture away from the skin
  • Provide for garments that will not feel heavy or damp even during high exertion activities
  • Reduce skin chafe as garments remain drier
  • Allow garments to retain their natural softness

UVtx

UVtx treatment provides apparel with a built-in UV blocker. Once applied, UVtx is extremely durable, providing for long-term UV protection equivalent to a sunblock strength of up to UPF30.

"We are extremely excited by both our graduation to the TSX and the official launch of three additional technologies to the market," said Hylton Karon, President and CEO of iFabric. "We have completed an extensive period of testing these technologies in conjunction with customers and I am pleased to report that all our new technologies display class-leading performance. Particularly in the key sports apparel and outerwear markets, we are now able to offer a diverse range of solutions for apparel enhancement, which will allow our customers to differentiate their product offerings compared to their competition," concluded Mr. Karon.

ABOUT iFABRIC CORP:

Headquartered in Markham, Ontario, iFabric Corp www.ifabriccorp.com currently has 25.9 million shares issued and outstanding.

Through its wholly-owned subsidiaries, Intelligent Fabric Technologies (North America) Inc. ("IFTNA") and Coconut Grove Pads Inc. ("Coconut Grove"), the Company offers a variety of products and services in both of its strategic divisions:

IFTNA is focused on proprietary chemical formulations that render fabrics, foams, plastics and numerous other surfaces intelligent, thereby improving the safety and well-being of the consumer.

Coconut Grove, operating as 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.

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