iFabric Corp. Expands Global Supply Chain
08 April 2014 - 10:30PM
Marketwired
iFabric Corp. Expands Global Supply Chain
MARKHAM, ONTARIO--(Marketwired - Apr 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.
ABOUT iFABRIC CORP:
www.ifabriccorp.com
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
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.
iFabric Corp.Hilton PriceCFO905
882-4513hilton.price@rogers.comiFabric Corp.Gary Perkins416
882.0020garyperkins@rogers.comwww.ifabriccorp.com
iFabric Corp. (TSXV:IFA)
Historical Stock Chart
From May 2024 to Jun 2024
iFabric Corp. (TSXV:IFA)
Historical Stock Chart
From Jun 2023 to Jun 2024